Canaan | ForkLog

ForkLog 368 14.10.2025

Canaan Unveils Eco-Friendly Mining Solution, Shares Surge by 40%

Shares of Canaan rose by 40% as the company announced a project to convert APG into electricity for mining and AI workloads.

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ForkLog 27 20.07.2025

Canaan Expands Bitcoin Miner Production in the US

Canaan’s American division has signed a contract to supply approximately 6,840 Avalon A15Pro miners to Cipher Mining during the third quarter. 🚨 NEW: We’re delivering 6,840 Avalon A15Pro miners to @CipherInc’s Black Pearl facility 🇺🇸⚙️ 💥 221 TH/s⁰⚡ 16.6 J/TH⁰🏭 Built in the U.S. & Malaysia Big step for domestic #Bitcoin mining infrastructure. Full release: […]

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ForkLog 25 23.06.2025

Canaan Initiates ASIC Miner Production in the United States

ASIC miner manufacturer Canaan has completed a pilot production launch in the United States, a company representative told Cointelegraph. The company has also abandoned the development of AI chips. Canaan described this move as a “strategic restructuring to enhance focus.” “I believe that focusing on our core strengths in crypto infrastructure and Bitcoin mining is […]

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ForkLog 25 13.02.2025

US Customs Halts Import of Bitmain ASIC Miners

The US Customs and Border Protection (CBP) is detaining bitcoin mining devices upon entry into the country at the request of the Federal Communications Commission (FCC), reports Blockspace. Confiscations of imported ASIC miners Antminer S21 and T21 from Bitmain began as early as autumn 2024. This is presumably linked to the use of AI chips […]

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ForkLog 26 09.01.2025

Canaan unveils heaters for home bitcoin mining

Canaan has launched the Avalon Mini 3 and Nano 3S, devices that mine bitcoin while heating homes. ? Live from CES 2025! Witness history as our Chairman and CEO, Mr. NG Zhang, officially unveils the Avalon Mini 3 to the world. ? https://t.co/zwFPrYXH0R Compact, powerful, and accessible, this device is designed to revolutionize #Bitcoin mining […]

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ForkLog 6 12.11.2024

MicroStrategy Shares Hit Record High, Coinbase Reaches Peak Since November 2021

On November 11, MicroStrategy’s stock price reached a new all-time high of $351.73, marking a year-to-date growth of 438.3%. The surge was driven by a cryptocurrency market rally following Donald Trump’s victory in the U.S. presidential election. Daily chart of MSTR. Data: Finviz. MicroStrategy’s market capitalization jumped by 25.7% to $68.9 billion. According to Bloomberg […]

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ForkLog 20 09.05.2024

Canaan Unveils New Line of Bitcoin Miners

At the Bitcoin Asia 2024 exhibition, Canaan introduced its flagship next-generation device for mining the premier cryptocurrency — the A1566 from the Avalon A15 series. The Bitcoin miner delivers a hash rate of 185 TH/s with a power consumption of 3240 W. The device’s energy efficiency is 18.5 J/TH. The top model from the previous […]

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ForkLog 14 26.01.2024

Canaan Secures $50 Million in Equity Capital

The mining equipment manufacturer Canaan secured $50 million through the issuance and sale of convertible preferred shares. According to a report to the SEC, the firm reached an agreement with an unnamed institutional investor in November 2023. The funding was received in two equal tranches in December and January. “The company intends to use the […]

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ForkLog 13 28.11.2023

Canaan secures Bitcoin mining licence in Kazakhstan

In mid-November, the mining company Canaan received a licence in Kazakhstan to carry out cryptocurrency mining.

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ForkLog 7 12.09.2023

Canaan unveils next-generation Bitcoin miner

Canaan Technology released the new immersion-cooled mining rig A1466I, according to reporter Colin Wu.

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ForkLog 7 29.08.2023

Canaan miner revenue up 43% in Q2

For the second quarter of 2023, Canaan's revenue from cryptocurrency mining amounted to $15.9 million, up 43.3% from the previous reporting period.

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ForkLog 7 18.08.2023

Canaan suspends Bitcoin mining in Kazakhstan

Canaan temporarily halted its Bitcoin mining capacity in Kazakhstan after mandatory licensing requirements came into force.

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