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Canaan Inc. headquarters with financial data visualizations.
Canaan Inc

Canaan Inc. Secures $30 Million in Series A-1 Preferred Stock Financing

Canaan Inc. has completed a $30 million Series A-1 preferred stock financing deal, marking a significant milestone for the company's financial position and strategic initiatives. The transaction de...

ASIC MinersHIVE Digital expands operations with new Avalon ASIC miners.

Hive Digital Expands Bitcoin Mining Operations with 11,500 New Miners

HIVE Digital enhances its mining capabilities with the acquisition of 11,500 Avalon A15-194T ASIC miners in November. This strategic move aims to boost operational efficiency and strengthen its pos...

Canaan Inc.Canaan Inc. financial results Q3 2024 report graphic

Canaan Inc. Reports Q3 2024 Revenue Surge of 120.9%

Canaan Inc. (NASDAQ: CAN) announced its Q3 2024 financial results, showing a substantial revenue increase to $73.61 million. The company also reported mining revenue of $8.96 million, highlighting ...