Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, and Mr. James Jin Cheng, Chief Financial Officer of Canaan, informed the Company their intention to use their personal funds to jointly purchase no less than US$2 million of the Company's Class A ordinary shares represented by American depositary shares ("ADSs"), each ADS representing 15 of the Comp

Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has filed a universal shelf registration statement on Form F-3 (File No. 333-278762) with the United States Securities and Exchange Commission (the "SEC") on April 17, 2024.

Canaan Inc. (Nasdaq: CAN), the creator of ASIC Bitcoin miners, captured the spotlight at the highly anticipated Blockchain Life 2024 event in Dubai, UAE, on April 15th-17th. Canaan introduced its cutting-edge One-Stop Mining Solutions, flagship Avalon miners, the eye-catching Avalon Nano 3 which designated to revolutionize accessible Bitcoin mining for all. Canaan also emphasized strategies of green mining of Bitcoin in the Middle East.

Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC") on April 17, 2024. The annual report on Form 20-F can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at https://investor.canaan-creative.com/.

Roughly every four years, Bitcoin (BTC-USD) mining companies eagerly anticipate the halving event. According to the latest estimates, the nearest one may take place in April 2024 and will put pressure on the margins of mining companies as the miners’ rewards will be cut twice. This can also lead to a drop in the value of the main cryptocurrency, which in turn can negatively affect crypto stocks to sell before bitcoin halving. Hut 8 (HUT-USD) Source: rafapress / Shutterstock.comThe magnificent la

Crypto miners are expected to take a hit to their earnings after the Bitcoin (BTC-USD) halving event is completed in April this year. Crypto miners get rewarded with newly minted bitcoin for contributing computing power to validate transactions on the blockchain network. However, every four years, the Bitcoin protocol cuts in half the reward miners receive for mining new blocks, an event known as “halving.” The next halving will reduce the per-block subsidy miners receive from 6.25 BTC to 3.125

Last week, Bitcoin’s (BTC-USD) meteoric rise to new all-time highs shifted attention to crypto miner stocks as cryptocurrency inflows rose. Holding crypto miner stocks is seen as another way to profit from a potential ongoing rise in Bitcoin prices. A simple approach is to invest in crypto-related stocks that will likely report higher profits as Bitcoin’s price rises. Another way to gain indirect exposure to Bitcoin while mitigating some risks is through crypto mining suppliers. As Bitcoin’s pri

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Canaan ( NASDAQ:CAN ) Full Year 2023 Results Key Financial Results Revenue: US$211.5m (down 67% from FY 2022). Net...

Canaan Inc. (NASDAQ:CAN) Q4 2023 Earnings Call Transcript February 27, 2024 Canaan Inc. misses on earnings expectations. Reported EPS is $-0.55 EPS, expectations were $-0.3. Canaan Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you […]