Canaan News

Chinese Bitcoin mining firm Canaan posted a 90% over-the-quarter decrease in net income in Q3 2022, but it’s not the end of its business.

This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”

The Chinese crypto miner maker Canaan has been expanding its mining business, accumulating a total of 346.84 BTC by the end of June.

Michael Saylor’s MicroStrategy showed corporations that holding Bitcoin on their balance sheet is a viable strategy to hedge against inflation.

Chinese Bitcoin miner manufacturer Canaan Inc. has reported significant revenue figures for the second quarter of 2021.

Canaan has also granted Genesis Digital Assets an opportunity to buy up to 180,000 additional BTC mining machines.

The CEO of Canaan Inc called for a less indiscriminate mining ban in China.

The Bitcoin miner manufacturer saw its year-on-year revenue tumble amid supply chain disruptions and a global chip shortage.

A Nasdaq-traded Chinese Bitcoin mining firm has seen its shares fall 20% after a damning short report unveiled some alleged dodgy dealings.

Canaan's new miner is natively cooled by immersion in liquid, promising better performance.

With crypto mining gaining momentum, here’s the newest products coming out in 2021 and what Bitcoin miners should look to buy.

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%.