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Canaan Creative

Canaan Q4 revenue drops 80% as demand for block reward miners dips
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10 March, 2023

Canaan Q4 revenue drops 80% as demand for block reward miners dips

Canaan saw its total computing power sold dip 75% from Q4 2021, with revenue taking a similar dip, but its...
ASIC firm Canaan’s Q3 income plummets 90%
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18 November, 2022

ASIC firm Canaan’s Q3 income plummets 90%

Canaan’s Q3 revenue dropped by 41% while gross profit dipped by 75%, but the company says it will continue to...
Bitmain suspends new miner orders as supply booms
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25 June, 2021

Bitmain suspends new miner orders as supply booms

In freezing the sales, Bitmain says it is attempting to prevent customers from incurring losses on new machines, as well...
Block reward miner Northern Data weighs up $500M public offering
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28 February, 2021

Block reward miner Northern Data weighs up $500M public offering

German miner Northern Data is working with Swiss investment bank Credit Suisse on the plans, which would see the firm...
Layer1 accused of mischaracterizing people’s involvement in fundraising pitch: report
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28 August, 2020

Layer1 accused of mischaracterizing people’s involvement in fundraising pitch: report

Layer1 is reported to have exaggerated the role Liu Xiangfu plays within the company during the recent version for its...