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Bitcoin mining rig maker Canaan delivered a dramatic fourth-quarter turnaround, with revenue more than doubling as bitcoin miners rushed back into the market for new hardware, signaling renewed confidence after a sluggish stretch earlier in the year. Mining Hardware Demand Powers Canaan’s Fourth-Quarter Comeback Canaan Inc. reported fourth-quarter revenue of $196.3 million, a 121.1% increase … Read more
Canaan disclosed it received a Nasdaq deficiency notice on Jan. 14, 2026, after its American depositary shares traded below $1.00 for 30 consecutive business days. Regulatory Compliance and Disclosure The high-performance computing solutions and crypto mining hardware provider, Canaan, announced on Jan. recently disclosed it had received a formal deficiency notice from the Nasdaq Stock … Read more
Nasdaq-listed bitcoin mining rig manufacturer Canaan Inc. has secured a $72 million strategic investment from BH Digital, the crypto division of Brevan Howard, alongside Galaxy Digital and Weiss Asset Management. Canaan Attracts Institutional Confidence According to Canaan (Nasdaq: CAN), the investment was made through the purchase of about 63.7 million American depositary shares (ADSs) at … Read more
Canaan revealed it has inked a 4.5-megawatt deal to deploy its Avalon A1566HA hydro-cooled mining servers in Japan to help balance and stabilize the nation’s power grid. Canaan’s Avalon Systems to Power Japan’s Sustainable Energy Effort The Singapore-headquartered company, Canaan Inc. (Nasdaq: CAN), said the project will support grid reliability by dynamically adjusting frequency, voltage, … Read more
Canaan Inc. has pulled the curtain back on its next-generation Avalon A16 series bitcoin miner, revealing the A16XP model at the Blockchain Life 2025 summit in Dubai. The new ASIC-powered machine flexes 300 terahash per second (TH/s) with a lean energy efficiency rating of 12.8 joules per terahash (J/TH). Canaan Launches 300 TH/s Avalon A16 … Read more
CAN is back above the $1 mark after trading below it for months. With a landmark 50,000-unit ASIC order and new partnerships with SLNH and Luxor, sentiment is shifting fast. So is this a smart entry point now? The following guest post comes from BitcoinMiningStock.io, a public markets intelligence platform delivering data on companies exposed … Read more
Canaan Inc. announced the launch of a gas-to-computing pilot in Calgary, Alberta, that converts wellhead natural gas into low-cost power for high-density computing — a neat way to turn waste into watts. Canaan Pilots Containerized Data Modules at Canadian Wellheads Canaan‘s initiative operates through a joint mining agreement with Calgary-based Aurora AZ Energy Ltd., which … Read more
Soluna Holdings and Canaan Inc. signed a hosting deal to deploy 20 megawatts of Avalon A15 XP bitcoin miners at Soluna’s wind-powered Project Dorothy site in Briscoe County, Texas. Canaan’s Avalon A15 XP Rigs Head to Soluna’s Wind Farm in Briscoe County Announced on Tuesday, the agreement positions Canaan to place roughly 1 exahash per … Read more
Canaan Inc. has partnered with Luxor Technology Corporation to provide financing for bitcoin mining machines, beginning with a deal that enabled an unnamed U.S. institutional miner to acquire more than 5,000 Avalon A15 Pro rigs in August. Canaan Taps Luxor for Non-Dilutive Financing as Institutional Miner Buys 5,000+ Rigs Canaan disclosed on Monday that the … Read more
Canaan Inc. announced Wednesday that subsidiaries have signed agreements to expand self-mining operations at facilities in Pennsylvania and Texas, adding approximately 4.7 exahash per second (EH/s) to its computing power. Canaan Eyes U.S. Growth with Pennsylvania, Texas Mining Sites Canaan (Nasdaq: CAN) entered a three-year colocation agreement with Mawson Infrastructure Group affiliate Mawson Hosting LLC … Read more
