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Category Canaan

MainNewsCanaan
Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst

Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst

Benchmark's Mark Palmer initiated coverage on the firm's roughed-up shares with a buy rating and $3 price target.
Canaan Advances North American Mining Strategy via New Agreements

Canaan Advances North American Mining Strategy via New Agreements

Canaan Inc. announced Wednesday that subsidiaries have signed agreements to expand self-mining operations at facilities in Pennsylvania and Texas, ...
Canaan’s Mining Revenue Surges 312% As BTC Holdings Reach 1,292 BTC

Canaan’s Mining Revenue Surges 312% As BTC Holdings Reach 1,292 BTC

Canaan Inc. reported $269.3 million in revenue for 2024, with bitcoin mining revenue surging 312% year-over-year to $44 million. The company also e...
Canaan Mines 82 Bitcoin in February, Surpasses Q4 Revenue Guidance with $89M

Canaan Mines 82 Bitcoin in February, Surpasses Q4 Revenue Guidance with $89M

Canaan mined 82 Bitcoin in February, boosting holdings to 1,355 BTC, while surpassing Q4 revenue guidance with $89M, driven by operational upgrades...
Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

Canaan, a bitcoin application-specific integrated circuit (ASIC) mining rig manufacturer, unveiled the Avalon Mini 3 and Avalon Nano 3S, bitcoin mi...