Auto Added by WPeMatico
Nasdaq-listed bitcoin mining rig manufacturer Canaan Inc. has secured a $72 million strategic investment from BH Digital, the crypto division of Brevan Howard, alongside Galaxy Digital and Weiss Asset Management.…
Canaan revealed it has inked a 4.5-megawatt deal to deploy its Avalon A1566HA hydro-cooled mining servers in Japan to help balance and stabilize the nation’s power grid. Canaan’s Avalon Systems…
Canaan Inc. has pulled the curtain back on its next-generation Avalon A16 series bitcoin miner, revealing the A16XP model at the Blockchain Life 2025 summit in Dubai. The new ASIC-powered…
CAN is back above the $1 mark after trading below it for months. With a landmark 50,000-unit ASIC order and new partnerships with SLNH and Luxor, sentiment is shifting fast.…
Canaan Inc. announced the launch of a gas-to-computing pilot in Calgary, Alberta, that converts wellhead natural gas into low-cost power for high-density computing — a neat way to turn waste…
Soluna Holdings and Canaan Inc. signed a hosting deal to deploy 20 megawatts of Avalon A15 XP bitcoin miners at Soluna’s wind-powered Project Dorothy site in Briscoe County, Texas. Canaan’s…
Canaan Inc. has partnered with Luxor Technology Corporation to provide financing for bitcoin mining machines, beginning with a deal that enabled an unnamed U.S. institutional miner to acquire more than…
Canaan Inc. announced Wednesday that subsidiaries have signed agreements to expand self-mining operations at facilities in Pennsylvania and Texas, adding approximately 4.7 exahash per second (EH/s) to its computing power.…
Canaan Inc. reported $269.3 million in revenue for 2024, with bitcoin mining revenue surging 312% year-over-year to $44 million. The company also expanded its North American mining footprint, securing new…
Canaan, a bitcoin application-specific integrated circuit (ASIC) mining rig manufacturer, unveiled the Avalon Mini 3 and Avalon Nano 3S, bitcoin mining devices that also function as home heaters, at CES…