Canaan builds up bitcoin mining in quest to emerge from crypto no man’s land
The cryptocurrency mining machine maker missed a market boom last year, and is ramping up its own bitcoin production just as the sector shows signs of stumbling Key Takeaways: Canaan…
BRIEF: Canaan receives major crypto mining machine order
Cryptocurrency mining machine maker Canaan Inc. (CAN.US) said on Thursday it signed a major new order with AGM Group Holdings Inc. for models from its Avalon A15 series. Under the deal,…
BRIEF: Canaan’s revenue doubles on booming demand from crypto miners
Cryptocurrency mining machine manufacturer Canaan Inc. (CAN.US) on Wednesday reported third-quarter revenue of $73.6 million, up 120.9% year-over-year. Its net loss narrowed by 5.6% to $75.6 million from $80.1 million…
Canaan gets left behind in latest crypto bull run
The maker of crypto currency mining machines reported its revenue dropped in the first quarter despite a big bitcoin rally Key Takeaways: Canaan’s revenue fell 36% year-on-year in the first…
CHINA BULLETIN: Moody’s Downgrades China Outlook
In this week’s issue a Moody’s downgrade, a China-EU summit, and Evergrande dodges a meltdown. On a scale of 1 to 100, we give the week a 40 for offshore-listed…
Bitdeer, Canaan mint hedges against crypto volatility in AI
Each company is seeking to develop businesses related to the hot emerging technology as their core crypto operations lose money Key Takeaways: Bitdeer said it was picked as a preferred…
Crypto Chip Maker Nano Labs Pops, Then Plunges, in New York IPO
The crypto mining chip maker’s stock got off to rocky start after it slashed the size of its initial public offering amid a cryptocurrency meltdown Key takeaways: Nano Labs shares…
