Canaan News

Canaan CEO NG Zhang talks about the creation of the original Bitcoin mining hardware and draws a futuristic vision of blockchain being used for a universal currency.

The United Arab Emirates increasingly attracts Web3 companies to its jurisdictions, becoming the center of global crypto innovation.

Canaan vice president Davis Hui believes a supply deficit following the next Bitcoin halving will drive its price past $100,000.

Bitcoin mining firm Canaan posts second quarter financials, with BTC mining revenue up 43% from Q1 2023, though net losses also rose 31% to $110 million.

Diluted net loss per American depositary share in Q1 2023 stood at $0.51, down from $0.55 in the previous quarter.

Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% this year.

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.