Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations.
Canaan News
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- One-on-one
Canaan Vice President Dr.Li discusses the company’s home miner and how it opens a new way for individuals to participate in Bitcoin mining.
38973 - News
Bitmain, Canaan and MicroBT — producing over 99% of global Bitcoin mining ASICs — are launching US-based production units in response to tariffs.
26848 - News
Coinbase experienced its worst quarterly stock performance since the FTX collapse, dropping 33% in Q1 2025 despite strong revenue expectations.
7780 - One-on-one
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.
19480 - Newsletter
The United Arab Emirates increasingly attracts Web3 companies to its jurisdictions, becoming the center of global crypto innovation.
4469 - News
Canaan vice president Davis Hui believes a supply deficit following the next Bitcoin halving will drive its price past $100,000.
6977 - News
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.
2377 - News
Diluted net loss per American depositary share in Q1 2023 stood at $0.51, down from $0.55 in the previous quarter.
4247 - News
Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% this year.
4990 - 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.
3549 - Interview
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.”
4231 - News
The Chinese crypto miner maker Canaan has been expanding its mining business, accumulating a total of 346.84 BTC by the end of June.
2812 - Newsletter
Michael Saylor’s MicroStrategy showed corporations that holding Bitcoin on their balance sheet is a viable strategy to hedge against inflation.
6496 - News
Chinese Bitcoin miner manufacturer Canaan Inc. has reported significant revenue figures for the second quarter of 2021.
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