Canaan | ForkLog

ForkLog 4 26.05.2023

Canaan’s quarterly loss narrows to $84.4 million

For the first quarter, the mining equipment maker Canaan reported a net loss of $84.4 million after a loss of $91.6 million in the previous period.

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ForkLog 15 19.05.2023

Canaan unveils immersion-cooled Avalon Made A1366I Bitcoin miner

The company Canaan unveiled the Avalon Made A1366I miner model for mining the first cryptocurrency with immersion cooling.

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ForkLog 11 09.05.2023

Cipher Mining to Buy 11,000 Bitcoin Miners From Canaan

Cipher Mining announced the purchase of 11,000 Bitcoin miners A1346 from Canaan.

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ForkLog 7 07.03.2023

Canaan’s fourth-quarter 2022 revenue falls 60%

Canaan's revenue in Q4 2022 was $56.8 million, down 59.9% from the prior quarter.

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ForkLog 14 14.11.2022

Canaan’s Q3 profit plunges 90%

For the third quarter, bitcoin miner Canaan posted net profit of 61.1 million yuan ($8.6 million). The figure fell by 90% from the prior period.

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ForkLog 6 24.10.2022

Canaan unveils new generation of Bitcoin miners

Canaan unveiled two new Avalon Made 13-series Bitcoin miners.

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ForkLog 8 29.07.2022

Canaan to begin Bitcoin mining in the United States

Bitcoin mining equipment maker Canaan plans to open a cryptocurrency mining facility in the United States. This was disclosed by the company's vice president Edward Lu in an interview with Forkast.

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ForkLog 5 19.05.2022

Canaan posts 327% jump in quarterly profit in Q1 2022

For the first quarter of 2022, the Chinese manufacturer of mining equipment Canaan posted gross profit of $130.9 million. Compared with the same period last year, the figure rose by 327.2%.

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ForkLog 5 06.05.2022

SEC puts Canaan on preliminary delisting list.

The U.S. Securities and Exchange Commission (SEC) has placed Canaan, a maker of miners, on the preliminary list of Chinese companies subject to delisting from U.S. exchanges.

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ForkLog 9 11.04.2022

Canaan unveils new Bitcoin ASIC miner

Canaan unveiled a new ASIC Bitcoin miner in the A12 series, delivering a hashrate of 100 TH/s.

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ForkLog 3 17.03.2022

Canaan to spend up to $100m on share buyback

The Chinese company Canaan announced a buyback of its shares on the open market. The mining equipment maker will spend up to $100 million on this purpose.

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ForkLog 9 03.03.2022

Canaan reports fourth-quarter and full-year 2021 results

The cryptocurrency mining equipment manufacturer Canaan reported revenue of $342.8 million for the fourth quarter of 2021. The figure is 67% higher than in the prior reporting period.

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