Crypto
Bitcoin's 23% rally sends beaten-down miners soaring past AI stocks
Canaan, American Bitcoin and Cango jumped as much as 67% as renewed crypto demand showed BTC exposure can still drive mining equities despite the industry's AI…
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Latest on Canaan
Newest firstCrypto
Bitcoin rally sends crypto stocks soaring as miners, treasury companies jump
Bitcoin's rally above $79,000 lifted miners and treasury companies, with Canaan, Strive and Metaplanet posting double-digit gains as crypto stocks surged.
Crypto
Bitcoin miner Canaan posts $88.7M net loss in Q1 amid BTC decline
Canaan's Q1 results were dragged down by a $25 million inventory write-down and a 75% quarterly drop in equipment sales as Bitcoin prices retreated from their…
Crypto
Canaan, Tether deepen partnership on immersion-cooled mining systems
Canaan secures a new Tether order for modular mining hardware as the stablecoin issuer expands into integrated, data center-style Bitcoin infrastructure.
Crypto
Crypto Biz: Circle stock defies Wall Street and digital asset selloff
The USDC issuer's stock is soaring despite a market selloff as stablecoins expand into traditional finance. Meanwhile, Canaan boosts BTC reserves and Wells Far…
Commodities
Canaan buys 49% stake in three Texas mining sites for $40M
Canaan acquires a stake in three operating Texas mining facilities with 120 MW of power and 4.4 EH/s hashrate as it expands beyond hardware into infrastructure…
Crypto
Crypto miner Canaan sinks 7% despite strongest quarter in 3 years
Canaan's fall on Tuesday sent its share price to $0.56, falling further from the $1 it must reclaim by July to avoid a potential Nasdaq delisting.
Crypto
Crypto miner manufacturer Canaan receives Nasdaq delisting warning
The Nasdaq-listed Canaan must get its share price to close above $1 for at least 10 trading days in a row to avoid being removed from the exchange.
Energy
Bitcoin miner Canaan plans adaptive green-energy mining platform
Canaan has been steadily investing in renewable energy projects, with a gas-to-computing pilot in Canada and a deal to deploy miners at a wind-powered data cen…
Crypto
Canaan stock surges as Q3 revenue doubles on Bitcoin miner demand
Shares in Canaan jumped 20% on Tuesday as the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year.
Crypto
Canaan to supply Bitcoin mining rigs for Japan's electric grid stability project
Canaan will supply 4.5 megawatts of water-cooled Bitcoin mining ASICs to a Japanese engineering firm for real-time grid balancing and energy optimization.
Markets
Monday's ETF Movers: BLOK, OIH
In trading on Monday, the Amplify Transformational Data Sharing ETF is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing parti…
Crypto
Bitcoin ASIC producer Canaan pilots US production, exits AI business
. Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations..
Crypto
Chinese Bitcoin ASIC makers to begin US production amid tariff pressure
. Bitmain, Canaan and MicroBT - producing over 99% of global Bitcoin mining ASICs - are launching US-based production units in response to tariffs..
