After exiting the AI sector, Canaan finalized a pilot production run of Bitcoin mining ASICs in the US, prioritizing supply-chain flexibility over cost efficiency.

New Canaan's $181 million budget, about a 3.5% increase from the current year, includes about $43.8 million for the town's operating expenses and $113.8 million for the Board of Education.

Canaan will shut down its AI chip unit, which made up 15% of its 2024 operating expenses, while adding only $0.9 million in revenue. The move is part of a strategy to concentrate on bitcoin mining ...

Canaan plans to discontinue its non-core artificial-intelligence semiconductor business unit to focus more on its primary business operations. The Singapore-based crypto miner said Monday that the ...

Sheriff’s deputies pursued Brett Johnson around Hartland, St. Albans and Canaan, ultimately boxing in his vehicle after using a spike mat to slow him down, the Somerset County Sheriff’s Office ...

New Canaan's Silver Hill Hospital gets $5.5M anonymous donation, the largest in its 94-year history By Mollie Hersh , Staff Writer Updated June 26, 2025 12:59 p.m. Silver Hill Hospital in New ...

Investing.com - Benchmark reiterated its buy rating and $2.00 price target on Canaan Inc . (NASDAQ: CAN) on Friday.The research firm maintained its positive outlook on the cryptocurrency mining ...

Canaan Inc. (CAN), the Singapore-based manufacturer of bitcoin mining machines, will wind down its artificial intelligence (AI) semiconductor business to refocus on its core crypto operations ...

SINGAPORE, June 23, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has commenced a strategic realignment aimed ...

Canaan Inc. (NASDAQ:CAN) mined a record 109 Bitcoins, taking its total holdings to 1,466 bitcoins, reaching new highs in operational and installed hash rates.

Dr.Li: Canaan’s commitment to decentralization goes back to 2013, when our founder, NG Zhang, introduced the world’s first ASIC Bitcoin miner — the Avalon1 — and open-sourced its chip design.

Canaan Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to ...