Canaan News

The third quarter was tough for mining rig manufacturers as the impact of COVID-19 continued to weigh heavily on the space.

Canaan will try to drive up its Nasdaq-listed stock from the $2 price mark.

A vastly improved gross margin on sales contributed to a reduction in net loss of over 90% compared to figures from a year ago.

While shares in Riot Blockchain and Hive Blockchain eclipse Bitcoin’s YTD gains, other mining firms have not fared so well — with Canaan crashing nearly 70%.

Chinese mining company Ebang has yet to see a positive net income in 2020, but an IPO might give it a jumpstart.

The Bitcoin mining ASIC manufacturing industry is expected to further consolidate, as is the wider mining farm operating sector.

Cryptocurrency mining ASIC producer Canaan filed with the U.S. SEC to issue around $12.4 million worth of shares to its employees.

Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception.

Chinese mining giant Canaan has to deal with some extra difficulties over its IPO amid bearish markets.

Rosen Law Firm has filed a class action lawsuit on behalf of investors in ASIC producer Canaan’s IPO.

Analysts from Marcus Aurelius Value published a detailed report throwing shade on some of Canaan’s business practices, alleging that its business model is invalid.

The first major bitcoin miner to go public on the US stock market rebounded slightly after a drop in the fourth quarter.

GSR and Interhash partner to provide suite of risk management solutions for Bitcoin miners

Chinese Bitcoin mining giant Canaan Creative’s shares have seen a 40 percent drop in value since its initial public offering in November.

China’s Sichuan province accounts for over 50% of the global hash rate, according to a study by digital asset manager CoinShares.