More Confusion with Canaan as Five Directors Removed Due to Contract Expiration

Aug 5, 2020

One of the largest Bitcoin mining hardware manufacturers in China, Canaan, has appointed four new members into its board of directors, according to an official statement from the company. And while new additions to an already large board of directors aren’t anything new, especially for a compa...

Rumors of a Power Grab in Canaan Intensify as Three Directors Removed From Official Company Registry

Jul 10, 2020

Canaan, one of the top three Bitcoin mining hardware manufacturers in China, is going through a rather turbulent period. The company has been shaken to the core by an internal power struggle going on between its founders and directors and the rumors currently surrounding the ongoing event aren’...

Chinese Bitcoin Miner Maker Ebang Hits Nasdaq with Expansion Blueprint

Jun 28, 2020

On June 26, Ebang International Holdings —  bitcoin mining equipment manufacturing company was listed in the Nasdaq market with ticker NASDAQ: "EBON".                     The first day of trading of NYSE : EBON, share closed nearly 14% down from ...

Bitmain and Canaan have lost share of Bitcoin Mining Industry, but MicroBT is winning

Jun 20, 2020

With the eyes of the world pointed at Bitcoin’s price movements, many forget that there’s an entire, multi-billion dollar industry powering the world’s largest cryptocurrency quietly operating in the shadows—ASIC manufacturing. Those in the business of producing Bitcoin mining hardwar...

Bitcoin Mining Manufacturer Canaan Sees Stock Hit Record Low as their Equipments Becomes Less Profitable

Jun 16, 2020

Canaan, one of the largest Bitcoin mining hardware manufacturers in the world, has had quite a busy and eventful year, continuing to compete for a larger part of the mining market against Bitmain, another Chinese manufacturing giant. Being one of the few companies in the crypto and blockchai...

Canaan Launches New Miner with Low Cost Performance While its Stock Price Surges

Jun 4, 2020

Chinese crypto miner maker Canaan launches two new mining machines: Avalon 1146Pro and Avalon 1166. The power consumption of these two mining machines is 40% higher than that of the Whatsminer’s M30S + + which has the smallest power consumption on the market, but the former’s computing po...

China Crypto Roundup: Canaan Reports $148mln Losses, Chinese Crypto Community on BCH Halving, OTC Transactions via WeChat Drop

Apr 13, 2020

In recent Chinese cryptocurrency news: Chinese bitcoin miner manufacture Canaan disclosed its 2019 financial results with $148.6 million losses; crypto community is somewhat quiet in face with the big event of the week - BCH halving; multinational companies are seeking blockchain opportunitie...

Chinese Bitcoin Miner Manufacturer Canaan Reported $148M Loss in 2019

Apr 10, 2020

Chinese bitcoin mining hardware manufacturer Canaan Creative has reported a net loss of $148.6 million for 2019, according to its latest financial results filed with the Securities and Exchange Commission (SEC). With its machines securing roughly 20% of the bitcoin network, Canaan is a...

Report: Canaan’s Stock Price is Undervalued, But the Gain in the Next Year is Limited

Apr 7, 2020

A research report from blockchain project risk rating agency Standard Consensus High showed in the future when there may be a slight slump of bitcoin miner maker Canaan’s share price as it has a high correlation with BTC price. Canaan announced that its growth of the first three quarters o...

Canaan to be Equipped with TSMC 5nm Mining Chip in Q1 2020

Dec 24, 2019

As Bitmain's 5nm chip testing succeeded, Canaan will also follow Bitmain’s pace, becoming the world-second crypto miner maker to be equipped with the 5nm chip in Q1 2020. After successful going public, Canaan gains more trust at the supply chain level, who will become the only mainstream ...