After exiting the AI sector, Canaan finalized a pilot production run of Bitcoin mining ASICs in the US, prioritizing supply-chain flexibility over cost efficiency.

Canaan will shut down its AI chip unit, which made up 15% of its 2024 operating expenses, while adding only $0.9 million in revenue. The move is part of a strategy to concentrate on bitcoin mining ...

Canaan plans to discontinue its non-core artificial-intelligence semiconductor business unit to focus more on its primary business operations. The Singapore-based crypto miner said Monday that the ...

Former New Canaan school cafeteria worker — like sister — pleads guilty in $500K theft, avoids trial By Pat Tomlinson, Staff Writer Updated June 27, 2025 9:09 a.m.

Canaan Inc. (CAN), the Singapore-based manufacturer of bitcoin mining machines, will wind down its artificial intelligence (AI) semiconductor business to refocus on its core crypto operations ...

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SINGAPORE, June 23, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has commenced a strategic realignment aimed ...

Blockchain hardware supplier Canaan announced on June 24, 2025, that it will officially terminate its AI chip business development and return to focusing on cryptocurrency mining machines.

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Investing.com - Benchmark reiterated its buy rating and $2.00 price target on Canaan Inc . (NASDAQ: CAN) on Friday. The research firm maintained its positive outlook on the cryptocurrency mining ...