Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations. Bitcoin mining application-specific ...

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 ...

Pittsfield man arrested after late night chase in Hartland, Canaan area Sheriff’s deputies pursued Brett Johnson around Hartland, St. Albans and Canaan, ultimately boxing in his vehicle after ...

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.

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.

About Canaan Inc. Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing ...