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NEWS

Canaan (CAN) Swings to an $8 Million Profit on Bitcoin Gains as Rig Sales Collapse 96%

Micah Zimmerman -
Canaan's mining-machine sales fell to $4.8 million from $118.6 million a year earlier, but a $51.9 million fair-value gain turned an operating loss into $8.0 million of net income.
NEWS

Canaan (CAN) Wins Contract to Supply Crypto Mining Heat to Nordic District Heating Network

Micah Zimmerman -
Canaan Inc. landed a Nordic district heating deal using hydro-cooled miners to warm ~2,800 homes, marking a major step toward scalable “hash-to-heat” infrastructure.
NEWS

Bitcoin Miner Canaan Acquires Cipher’s Stake in Texas Mining Projects, Expands AI and Power Strategy

Micah Zimmerman -
Canaan (CAN) acquired Cipher Mining’s 49% stake in three West Texas mining projects for $39.75 million in shares, giving Cipher a significant equity stake in Canaan.
NEWS

Bitcoin Mining Company Canaan Adopts BTC as Primary Reserve Asset

Oscar Zarraga Perez -
Canaan adopts Bitcoin as its primary reserve asset, aiming to hedge against inflation and strengthen its balance sheet with 1,484 BTC.
NEWS

Canaan Announces Record Bitcoin Mining Month with Over 109 BTC Mined

Oscar Zarraga Perez -
Canaan Inc. reported mining 109 bitcoins in the month of May. Now holding 1,466 BTC.
BUSINESS

Bitcoin ASIC Maker Canaan To Launch U.S. Mining Operations

Shawn Amick -
A Canaan executive detailed the success of its pilot mining operations in Kazakhstan and shared plans to expand its operations to the U.S. in an interview.
BUSINESS

Canaan Announces New ASIC Miner Along With Company Standards For Green Bitcoin Mining

Craig Deutsch -
ASIC manufacturer, Canaan, announced a brand new mining machine in addition to green mining standards about energy, mining and infrastructure.
BUSINESS

Once A Promised Land For Bitcoin Miners, Kazakhstan Is Shifting The Regulatory Crosswinds

Zack Voell -
Following a ban on Bitcoin mining in China, many operations fled to neighboring Kazakhstan. Now, changing regulations raise questions about their future.
BUSINESS

HIVE Orders 6,500 Bitcoin Mining Rigs From Canaan

Namcios -
This new order from by HIVE follows the two recent purchases of 4,000 and 6,400 Canaan's Avalon miners units in August and January.
BUSINESS

Mawson Infrastructure Group Buys 17,352 Bitcoin Mining Rigs From Canaan

Namcios -
The Australian bitcoin mining infrastructure provider bought 17,352 Avalon A1166 and A1246 machines from rig maker Canaan.
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