Canaan | ForkLog

ForkLog 15 03.06.2021

Canaan defends Bitcoin mining in China

The mining equipment maker Canaan Creative has spoken out against the indiscriminate crackdown on mining in China, Reuters reports.

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ForkLog 6 01.06.2021

Overseas customers accounted for 78% of Canaan’s revenue

During January–March 2021, the revenue of the Chinese mining equipment maker Canaan Creative rose 5.9x year-over-year to 402.8 million yuan ($61.5 million). The share of overseas device sales rose from 4.9% to 78.4%, according to the financial report.

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ForkLog 7 27.05.2021

Chinese ASIC-miner manufacturers to boost shipments to Kazakhstan and Canada

Chinese crypto-mining equipment manufacturers are shifting their supply focus to Central Asia and North America amid tougher government statements on mining.

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ForkLog 10 29.04.2021

Canaan to supply Genesis Digital Assets with miners worth nearly $93.63 million

Chinese manufacturer Canaan Creative announced a strategic partnership with Genesis Digital Assets under which it will supply the Bitcoin-mining company with devices valued at $93.63 million. The #AvalonMade footprint continues to expand across the globe. We're thrilled to announce that we've recently partnered with Genesis Digital Assets who've signed purchase orders valued at US$93.63 million…

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ForkLog 16 21.04.2021

Canaan Creative to supply Mawson Infrastructure with 11,760 ASIC miners

The U.S. division of Mawson Infrastructure Group (formerly Wize Pharma) has agreed with Canaan Creative to supply and install 11,760 AvalonMiner A1246 during 2021. CoinDesk reports.

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ForkLog 17 16.04.2021

Investors file class-action lawsuit against Canaan, maker of mining hardware

Robbins Geller Rudman & Dowd LLP filed a class action in the Southern District of New York against Chinese mining hardware maker Canaan. The firm accuses the company of violating U.S. securities laws.

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ForkLog 16 12.04.2021

Canaan reports $33 million loss for 2020

The Chinese mining-hardware manufacturer Canaan posted a net loss of $33 million for 2020, according to the company's financial statements.

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ForkLog 11 07.03.2021

Canaan Sells 8,400 ASIC Miners to U.S. Firm Blockcap

The American mining company Blockcap announced the acquisition of 8,400 Avalonminer 1246 Bitcoin miners from the Chinese manufacturer Canaan.

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ForkLog 9 03.02.2021

Core Scientific to receive 6,000 ASIC miners from Canaan

The Chinese manufacturer of mining equipment Canaan Creative will supply 6,000 Avalonminer A1246 units to the American blockchain-hosting provider Core Scientific.

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ForkLog 12 09.01.2021

Canaan unveils immersion-cooled Bitcoin miner

One of the oldest ASIC hardware manufacturers, Canaan Creative, has unveiled an immersion-cooled miner—the Avalon A1066I.

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ForkLog 106 01.12.2020

Mining giants’ shares rise as Bitcoin climbs toward $20,000

As Bitcoin price nears the $20,000 mark, mining companies Riot Blockchain, Marathon Patent Group and Canaan posted significant gains.

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ForkLog 20 11.09.2020

Bitcoin miners face equipment shortage as Chinese manufacturers exhaust stock

Leading Chinese ASIC-miner manufacturers MicroBT, Canaan and Ebang sold through their inventories this year, while Bitmain faced supply difficulties due to a founders' dispute. As a result, bitcoin miners faced a shortage of supply of new devices, according to 8btc, citing its own source.

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