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Wall Street Bitcoin Miners Equipment Worth Millions Stranded as U.S. Tightens Screws
- U.S. Customs is allegedly detaining the latest-model Bitmain Bitcoin mining equipment at multiple ports.
- Bitcoin mining firms from Wall Street face mounting storage fees and delays exceeding two months.
Tuesday, 26/11/2024 | 08:07 GMT by
Damian Chmiel
Canaan’s Net Income Reaches $38 Million in Q2 2021
- The company reported a substantial increase in net revenues and gross profit.
Thursday, 16/09/2021 | 08:08 GMT by
Bilal Jafar
BTC Miner Maker Canaan Ends 2020 with $68 Million in Revenue
- The company is expecting at least $61 million in revenue for Q1 of 2021.
Monday, 12/04/2021 | 13:19 GMT by
Arnab Shome
BTC Miner Maker Canaan to Buyback $10 Million Worth Shares
- The company’s shares are trading at a 78.6 percent discount from the IPO price.
Tuesday, 08/09/2020 | 11:55 GMT by
Arnab Shome
Canaan Reports $5.6M in Q1 Net Loss with Falling BTC Miner Demand
- The company even cut the prices of its devices by more than half.
Friday, 22/05/2020 | 14:30 GMT by
Arnab Shome
Canaan Records $148 Million in Losses for 2019
- The company stocks are trading 64.4 percent lower than the IPO price.
Friday, 10/04/2020 | 11:31 GMT by
Arnab Shome
Canaan, Northern Bitcoin Partner to Develop Blockchain, AI
- The RnD team of Canaan will collaborate with teams of Northern Bitcoin.
Wednesday, 19/02/2020 | 10:56 GMT by
Arnab Shome
BTC Miner Maker Canaan’s Stock Rallies 82%
- The pivot happened after a 40 percent dip in the IPO value of the stocks.
Thursday, 13/02/2020 | 09:01 GMT by
Arnab Shome
Canaan to Introduce 5nm ASIC Miners in Q1 2020
- With the new chip, the miners will be 7 to 15 percent more efficient than the predecessors.
Thursday, 26/12/2019 | 12:50 GMT by
Arnab Shome
GSR Ties with Interhash to Bring Crypto Derivatives for Miners
- The product will include swaps, collars, and other structured products.
Friday, 20/12/2019 | 12:23 GMT by
Arnab Shome
Canaan Downgrades IPO Target, Aiming to Raise $100 Million
- In the original filing, the company intended to raise $400 million.
Thursday, 14/11/2019 | 06:56 GMT by
Arnab Shome
Canaan Finishes Q3 with $13 Million in Gains as Mining Demand Rebounds
- The sale of its machines surged significantly year-on-year.
Thursday, 07/11/2019 | 07:53 GMT by
Arnab Shome
Canaan Creative Files for an IPO in the US: Report
- The exchange is seeking to raise $200 million via the public listing.
Wednesday, 31/07/2019 | 13:37 GMT by
Arnab Shome
Canaan Creative Secures ‘Several Hundred Million’ in Funding
- The company was reportedly moving for a public listing in the US market.
Tuesday, 12/03/2019 | 09:07 GMT by
Arnab Shome
Co-Founder of Canaan Creative Steps Down Ahead of IPO
- Canaan is trying to list itself in the US-based stock exchanges.
Wednesday, 13/02/2019 | 07:50 GMT by
Arnab Shome
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