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Canaan CFO Resigns Citing 'Personal Reasons'

The company's director of finance will serve as acting CFO.

By Zack Voell
Updated Dec 12, 2022, 12:54 p.m. Published Feb 9, 2021, 4:33 p.m.
Canaan mining machine
Canaan mining machine

Publicly traded mining machine manufacturer Canaan Inc.https://hashrateindex.com/stocks/can (CAN) announced the resignation of CFO Quanfu Hong and named Tong He as acting CFO.

  • Hong's resignation was due to "personal reasons," the Beijing-based company said.
  • Acting CFO He has served as the company's director of finance since July 2020.
  • A date for the Nasdaq-listed company's earnings has not been set yet.
  • Shares of Canaan have gained 8% so far in 2021, currently trading around $7.25. Bitcoin rose over 50% in the same period.
Bitcoin MiningNasdaqCanaan Creative

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BlackRock Files for Staked Ethereum ETF

By Helene Braun, AI Boost|Edited by Stephen Alpher
53 minutes ago
The BlackRock company logo is seen outside of its NYC headquarters. (Photo by Michael M. Santiago/Getty Images)

The iShares Ethereum Staking Trust marks a bold push into on-chain yield exposure, as the SEC's tone has shifted under new leadership.

What to know:

  • BlackRock has officially filed for a staked Ethereum ETF, marking its first formal move toward SEC approval.
  • The filing reflects a shift in SEC policy under new Chair Paul Atkins after earlier pushback on staking features.
  • BlackRock’s existing Ethereum fund holds $11B in ETH, but the new ETF would offer separate staking exposure.
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