canaan

Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)
Canaan Q3 Net Income Drops 88% as Bitcoin Mining Declines
Negative market dynamics have caused a reduction in net income, revenue and computing power sold in the third quarter of this year.
Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)

Mining rigs in Plattsburgh, NY. (Fran Velasquez/CoinDesk)
Bitcoin Mining Rig Maker Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
CEO Nangeng Zhang cited a slumping bitcoin price and COVID-19 lockdowns in China.
Mining rigs in Plattsburgh, NY. (Fran Velasquez/CoinDesk)

Canaan SVP
Benchmark Sees Canaan as Indirect Investment in Bitcoin, Shares Gain
The broker initiated coverage of the mining-equipment business' stock with a buy rating and $9 price target.
Canaan SVP

Canaan publishes Q1 earnings report (Sandali Handagama)
Mining-Rig Maker Canaan Q1 Revenue More Than Triples
Canaan shares climbed after first-quarter earnings beat one analyst's estimates.
Canaan publishes Q1 earnings report (Sandali Handagama)

Canaan's new Avalon 1266 model at the Bitcoin 2022 conference. (Aoyon Ashraf/CoinDesk)
Canaan Unveils Bitcoin Mining Machine, Sees Speedier ASIC Market Growth
The new model’s mining power and efficiency positions it between rival Bitmain’s S19 and S19 Pro machines.
Canaan's new Avalon 1266 model at the Bitcoin 2022 conference. (Aoyon Ashraf/CoinDesk)

Canaan bitcoin mining rig (Getty Images)
Canaan Shares Surge as Company Authorizes up to $100M Buyback Program
The mining-rig computer maker says its new plan shows its confidence in the company’s long-term prospects.
Canaan bitcoin mining rig (Getty Images)

(CoinDesk archives)
Bitcoin Mining Rig Maker Canaan Surges After Strong Results and Guidance
The combination of an expanding customer base and higher average selling price drove the better-than-expected fourth quarter.
(CoinDesk archives)

Kazakhstan (Shutterstock)
ASIC Maker Canaan Signs Multiple Deals for Expansion in Kazakhstan
Canaan had 10,300 AvalonMiner units in operation in Kazakhstan as of Dec. 31.
Kazakhstan (Shutterstock)

Almaty, Kazakhstan (Alexander Serzhantov/Unsplash)
ASIC Maker Canaan Delivers 2,000 Mining Rigs to Kazakhstan
Canaan plans to deploy 850,000 TH/s in the near term.
Almaty, Kazakhstan (Alexander Serzhantov/Unsplash)

(Mark Agnor/Shutterstock)
Hive Blockchain Orders Another 6,500 Bitcoin Mining Machines From Canaan
The order builds on the companies’ existing relationship that’s seen Hive already buy 10,400 machines this year.
(Mark Agnor/Shutterstock)