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Tag Archives: Canaan

Canaan in Record Over 200% YoY 2021 Sales Increase

Mar 4, 2022

Olusegun Ogundeji

China-based chip producer, Canaan, has shown in its 2021 unaudited full-year financial results that it sold a total computing power of 22.3 million Thash/s which equates to a year-over-year increase of 238.5%. The huge leap from 2020’s 6.6 million Thash/s total sale - impacted by the global p...

Canaan, Bitmain Record More Miner Deployments to Lead Supply

Jan 6, 2022

Olusegun Ogundeji

Regardless of China's ban on crypto-related mining activities within its borders, top miner makers in the country continue their drive to meet market demands and sustain their operations. Canaan this week announced the deployment of another 8,000 Avalon Miner units for its joint mining opera...

ASIC Miner Maker Canaan Diversifies Into Crypto Mining

Jun 24, 2021

Olusegun Ogundeji

Renowned for having invented the world’s first application-specific integrated circuit (ASIC)-powered Bitcoin mining machine, Canaan has announced its business' first diversification attempt into crypto mining in Kazakhstan with their latest Avalon Miner units already in operation. The m...

China’s Code Chain Takes HQ, Crypto Mining to Dubai

Apr 23, 2021

Olusegun Ogundeji

The move by China’s Code Chain to meet the demands of its mission of cryptocurrency expansion is taking the company to the United Arab Emirates (UAE), its recently-appointed Chief Strategy Officer, Ryan Xu, has confirmed. He said they have decided to move their head office to Duba...