Canaan
Canaan’s Turnaround Gains Steam as Benchmark Doubles Price Target to $4
With Nasdaq compliance restored and momentum building in its Avalon mining rigs and self-mining operations, the broker sees renewed upside for Canaan’s shares.
Canaan Shares Jump Over 12% as it Lands Largest U.S. Order in 3 Years
The machines will ship in the fourth quarter of 2025, the company said, while keeping the buyer unnamed.
FG Nexus Debuts with $200M Raise and Ether Treasury Strategy on Ethereum's 10th Birthday
The company plans to use the proceeds of the raise to accumulate ether as its primary reserve asset.
Canaan to Exit AI Chip Business, Double Down on Bitcoin Mining Amid Realignment
Prior to the decision, the company said it had actively explored options for selling the AI chip business.
Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst
Benchmark's Mark Palmer initiated coverage on the firm's roughed-up shares with a buy rating and $3 price target.
Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary
The machines will be installed in two tranches, one my mid-May and the second by mid-June.
Crypto Mining Rig Maker Canaan's Q4 Revenue Sunk 82% to $56.8M
The firm reported Q4 net loss per ADS of 38 cents compared to $1 for the same period in 2021.
Canaan Q3 Net Income Drops 88% as Bitcoin Mining Declines
Negative market dynamics have caused a reduction in net income, revenue and computing power sold in the third quarter of this year.
Crypto.com Reportedly Reduces Workforce Since Initial Layoff Announcement; Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
Crypto exchange Crypto.com has laid off hundreds more employees since the initial layoffs in June, according to The Verge. Bitcoin mining rig maker Canaan said tougher market conditions will hurt its financial performance near-term after a difficult second quarter. Cowen analyst Stephen Glagola downgrades his rating on bitcoin miner Stronghold Digital.
Bitcoin Mining Rig Maker Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
CEO Nangeng Zhang cited a slumping bitcoin price and COVID-19 lockdowns in China.
