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canaan
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CryptoCurrency
Canaan Breaks Record in Mining Revenue but Struggles to Turn a Profit
2023-08-29T12:38:36.432+02:00
The rise in Bitcoin mining revenue did not help the company to achieve profitability.
Other crypto miners also reported weaker results for Q2 2023.
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CryptoCurrency
Bitcoin Miners Face a $2.8 Billion Nightmare and Lowest Revenues in a Month
2023-08-24T13:54:42.691+02:00
Bitcoin's flash crash negatively affected the performance of mining companies.
In addition, their revenues fell to monthly lows.
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CryptoCurrency
Canaan Reports 82% Lower Revenue in "Tough" Q4 2022.
2023-03-07T14:49:51.314+02:00
The mining equipment manufacturer's revenues were falling in 2022, with a slump in cryptocurrency prices.
To mitigate the risk, Canaan focuses on developing its crypto self-mining business.
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CryptoCurrency
Canaan Feels the Bitcoin Blues. Net Income Down 90%
2022-11-14T13:59:47.618+02:00
The sale of total computing power was reduced by 49% compared to last year.
Canaan's CEO forecasts a further 'very tough period' for the industry.
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News
Canaan’s Net Income Reaches $38 Million in Q2 2021
2021-09-16T10:08:29.000+02:00
The company reported a substantial increase in net revenues and gross profit.
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BTC Miner Maker Canaan Ends 2020 with $68 Million in Revenue
2021-04-12T15:19:58.000+02:00
The company is expecting at least $61 million in revenue for Q1 of 2021.
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Arnab Shome
News
BTC Miner Maker Canaan to Buyback $10 Million Worth Shares
2020-09-08T13:55:57.000+02:00
The company’s shares are trading at a 78.6 percent discount from the IPO price.
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Canaan Reports $5.6M in Q1 Net Loss with Falling BTC Miner Demand
2020-05-22T16:30:03.000+02:00
The company even cut the prices of its devices by more than half.
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Arnab Shome
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Canaan Records $148 Million in Losses for 2019
2020-04-10T13:31:31.000+02:00
The company stocks are trading 64.4 percent lower than the IPO price.
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Arnab Shome
News
Canaan Slapped with Class-Action Lawsuit for Dubious IPO Practices
2020-03-06T09:11:05.000+02:00
The company raised $90 million in its IPO, selling its stocks at the bottom of its market range.
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Arnab Shome
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Canaan, Northern Bitcoin Partner to Develop Blockchain, AI
2020-02-19T12:56:29.000+02:00
The RnD team of Canaan will collaborate with teams of Northern Bitcoin.
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BTC Miner Maker Canaan’s Stock Rallies 82%
2020-02-13T11:01:49.000+02:00
The pivot happened after a 40 percent dip in the IPO value of the stocks.
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News
Canaan to Introduce 5nm ASIC Miners in Q1 2020
2019-12-26T14:50:09.000+02:00
With the new chip, the miners will be 7 to 15 percent more efficient than the predecessors.
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Arnab Shome
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GSR Ties with Interhash to Bring Crypto Derivatives for Miners
2019-12-20T14:23:54.000+02:00
The product will include swaps, collars, and other structured products.
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Arnab Shome
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Bitcoin Miner Canaan Raises $90M in IPO Priced Near Bottom of Range
2019-11-21T18:01:40.000+02:00
It was originally rumored to raise up to $400 million for its listing on the Nasdaq under the symbol "CAN."
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Aziz Abdel-Qader
Analysis
Canaan Reduces IPO Target, CME to Debut BTC Options: Editor’s Pick
2019-11-17T10:52:40.000+02:00
We sift through the best stories from the past seven days in the world of online trading
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Canaan Downgrades IPO Target, Aiming to Raise $100 Million
2019-11-14T08:56:23.000+02:00
In the original filing, the company intended to raise $400 million.
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Canaan Finishes Q3 with $13 Million in Gains as Mining Demand Rebounds
2019-11-07T09:53:42.000+02:00
The sale of its machines surged significantly year-on-year.
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Canaan Creative Files for US IPO, Aiming to Raise $400 Million
2019-10-29T09:28:15.000+02:00
The company recorded a net loss of $16.7 million in the second half of 2018.
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Canaan Creative Files for an IPO in the US: Report
2019-07-31T15:37:49.000+02:00
The exchange is seeking to raise $200 million via the public listing.
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News
Canaan Creative Reportedly Considering to File for an IPO Again
2019-03-28T13:30:27.000+02:00
The firm has made multiple failed attempts to list itself in China and Hong Kong.
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Canaan Creative Secures ‘Several Hundred Million’ in Funding
2019-03-12T11:07:12.000+02:00
The company was reportedly moving for a public listing in the US market.
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Co-Founder of Canaan Creative Steps Down Ahead of IPO
2019-02-13T09:50:54.000+02:00
Canaan is trying to list itself in the US-based stock exchanges.
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Exchanges
HKEX is Reluctant to Approve Bitmain IPO, Source Says
2018-12-17T11:53:44.000+02:00
The exchange is reluctant to list cryptocurrency companies due to the high volatility and current bear market.
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News
Bitcoin Mining Firm Canaan Creative Selling Off ASICs in Bulk
2018-12-05T13:33:44.000+02:00
The world's second biggest mining company calls the sale a "celebration".
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See more
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