Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary
The machines will be installed in two tranches, one my mid-May and the second by mid-June.
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May 4, 2023 at 2:33 p.m. UTC
May 4, 2023
Canaan
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Crypto Mining Rig Maker Canaan's Q4 Revenue Sunk 82% to $56.8M
The firm reported Q4 net loss per ADS of 38 cents compared to $1 for the same period in 2021.
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Mar 7, 2023 at 11:37 a.m. UTC
Mar 7, 2023
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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.
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Nov 14, 2022 at 10:44 a.m. UTC
Nov 14, 2022
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Crypto.com Reportedly Reduces Workforce Since Initial Layoff Announcement; Canaan Sees ‘Prolonged Headwinds’ After Challenging Quarter
Crypto exchange Crypto.com has laid off hundreds more employees since the initial layoffs in June, according to The Verge. Bitcoin mining rig maker Canaan said tougher market conditions will hurt its financial performance near-term after a difficult second quarter. Cowen analyst Stephen Glagola downgrades his rating on bitcoin miner Stronghold Digital.
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Aug 18, 2022 at 8:37 p.m. UTC
Aug 18, 2022
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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.
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Aug 18, 2022 at 10:42 a.m. UTC
Aug 18, 2022
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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.
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Jun 8, 2022 at 2:27 p.m. UTC
Jun 8, 2022
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Mining-Rig Maker Canaan Q1 Revenue More Than Triples
Canaan shares climbed after first-quarter earnings beat one analyst's estimates.
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May 19, 2022 at 11:33 a.m. UTC
May 19, 2022
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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.
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Apr 8, 2022 at 4:30 p.m. UTC
Apr 8, 2022
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Ukraine Legalizes Crypto; Korea’s Crypto Policy Ideas
Ukraine’s President Zelenskyy signs digital assets bill into law. China’s Canaan to buy back up to $100M shares to drive value. Korea’s digital asset experts set out ideas for shaping up crypto policies. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
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Mar 17, 2022 at 3:13 p.m. UTC
Mar 17, 2022
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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.
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Mar 16, 2022 at 2:13 p.m. UTC
Mar 16, 2022