Canaan Inc. - American Depositary Shares (CAN)
2.0700
-0.1600 (-7.17%)
Canaan Inc is a technology company primarily focused on the design and development of high-performance computing solutions, particularly in the field of blockchain technology
The company is best known for its innovative ASIC (Application-Specific Integrated Circuit) hardware, which is utilized for cryptocurrency mining. By leveraging cutting-edge technology and engineering expertise, Canaan aims to enhance operational efficiencies in blockchain networks, catering to the growing demand for computational power within the digital currency ecosystem. In addition to mining hardware, Canaan is also exploring diverse applications of its technology in various sectors, positioning itself as a key player in the evolving landscape of digital assets and blockchain innovation.
Documents Reveal US Regulators Only Warned Banks About Crypto, Didn’t Issue Hands-Off Order
Recently released documents show that the Federal Deposit Insurance Corporation (FDIC) advised financial institutions to temporarily halt direct involvement in cryptocurrency activities but didn’t mandate the cessation of banking services to crypto firms, contrary to claims of nationwide “debanking” within the industry.
Via CryptoCurrencyWire · January 10, 2025
An Analysis of the Tech Bosses That Poured Money into the Recent US Elections
Silicon Valley contributed a staggering $394.1 million to the 2024 U.S. presidential election, based on Federal Election Commission (FEC) data analysis. Much of this came from Elon Musk, who reportedly donated $243 million to Trump’s campaign.
Via CryptoCurrencyWire · December 13, 2024
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024...
Via Newsfile · November 21, 2024
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024...
Via Newsfile · November 21, 2024
US Hacker Gets 5-Year Jail Sentence for Billions’ Worth of Bitcoin Theft
A hacker tied to one of the biggest crypto thefts in history has been given a five-year sentence in a United States jail for money laundering. Ilya Lichtenstein admitted his guilt last year in a case involving the 2016 hacking of the Bitfinex exchange which resulted in the theft of almost 120,000 bitcoins.
Via CryptoCurrencyWire · November 19, 2024
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024...
Via Newsfile · November 11, 2024
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024...
Via Newsfile · November 11, 2024
CleanSpark Increases Efficiency with New Immersion-Cooled Canaan Bitcoin Miners
In a recent expansion that is intended to boost operational efficiency, CleanSpark Inc. has made a major purchase. The prominent bitcoin mining and energy technology company bought a new batch of 3,800 Avalon A1566I bitcoin miners from the Chinese tech manufacturer Canaan Inc. (NASDAQCAN) . Beyond just benefiting CleanSpark by helping it grow its mining capacity, the collaboration marks a significant step in the firm’s mission to develop a more energy-efficient and sustainable mining fleet.
Via Investor Brand Network · November 5, 2024
Cryptocurrency Exchange Gemini Announces Imminent Exit from Canada
Cryptocurrency exchange Gemini is preparing to shut down all customer accounts in Canada by the close of 2024. In an email sent to its Canadian users on Sept. 30, 2024, the exchange notified customers that accounts would be terminated on Dec. 31, 2024. Users have been given a 90-day window to withdraw their assets.
Via CryptoCurrencyWire · October 9, 2024
Crypto Expert Calls for Congressional Action to Steer Industry Forward
For years, the U.S. financial markets have thrived as some of the most innovative globally, due in part to balanced and clear legal systems. These include regulations for capital markets, enforced by bodies such as the U.S. Securities and Exchange Commission (SEC).
Via CryptoCurrencyWire · September 16, 2024
Institutional Investors Currently Own 26% of Crypto Equipment Maker Canaan Inc.
Knowing who is in control of Canaan Inc. (NASDAQCAN), a well-known crypto equipment manufacturer, is key to understanding the strategic direction of the company. At the moment, institutional investors own 26% of the China-based manufacturers’ shares, representing a portion of the confidence they have in the company. However, this only represents a portion of the whole.
Via Investor Brand Network · September 9, 2024
Institutional Investors Currently Own 26% of Crypto Equipment Maker Canaan Inc.
Knowing who is in control of Canaan Inc. (NASDAQCAN), a well-known crypto equipment manufacturer, is key to understanding the strategic direction of the company. At the moment, institutional investors own 26% of the China-based manufacturers’ shares, representing a portion of the confidence they have in the company. However, this only represents a portion of the whole.
Via Investor Brand Network · September 4, 2024
The GOP Feels Betrayed After Crypto PAC Endorses Democrats
A major procrypto political organization has injected substantial funding into major senate races in Arizona and Michigan, supporting Democratic candidates in opposition to those endorsed by Republican presidential candidate Donald Trump. This move has frustrated key Republicans, who have traditionally seen the crypto industry as an ally rather than an adversary.
Via CryptoCurrencyWire · August 23, 2024
TRM Labs Analysis Shows Russian Ransomware Rakes in $500M in Crypto
Russia has emerged as a hub for ransomware-related activities . According to TRM Labs’ analysts, Russian-speaking ransomware groups were responsible for almost 70% of all cryptocurrency earnings from ransomware attacks in 2023. This statistic reveals Russia’s increasing involvement in these illegal activities, with the groups reportedly generating around $500 million in cryptocurrency profits.
Via CryptoCurrencyWire · August 2, 2024
German Government’s $2B in BTC Holdings Making Investors Jittery
For the past few weeks, the government of Germany has been offloading a significant amount of Bitcoin, contributing to the crypto’s recent downturn. In June, the Federal Criminal Police Office (BKA) started selling Bitcoin, originally seized from a defunct movie piracy website, from a wallet they control. The BKA sold 900 Bitcoins last month, valued at around $52 million. Additionally, last week, the government sold 3,000 Bitcoins worth approximately $172 million, and just this Monday, another 2,739 Bitcoins were sold for about $155 million.
Via CryptoCurrencyWire · July 12, 2024
Analysts Say Approval of Ethereum ETFs Could Trigger More Momentum for Cryptos
The U.S. Securities and Exchange Commission (SEC) recently announced that it had approved a regulation change allowing ether spot ETFs to be traded in the United States. Following the news, both Bitcoin and Ethereum prices saw a modest increase, with crypto-related stocks experiencing a notable rise.
Via CryptoCurrencyWire · May 31, 2024
Penny stocks are back in focus after meteoric surges in AMC and GME. The question is, which of these five meme stocks has what it takes to keep rising?
Via MarketBeat · May 16, 2024
Crypto mining companies are using their high-performance computing power to diversify into artificial intelligence, creating a new growth model.
Via MarketBeat · May 14, 2024
Binance’s CZ’s Sentence Highlights Stark Differences with FTX’s Bankman-Fried
The long-standing feud between former crypto giants concluded recently in a federal courtroom in Seattle, where Changpeng Zhao (CZ), the founder of Binance, received a four-month prison sentence. Contrastingly, Sam Bankman-Fried of FTX was sentenced to 25 years in prison a month earlier in Manhattan.
Via CryptoCurrencyWire · May 10, 2024
Arkham Data Suggests US Government Has Significant BTC Holdings
The U.S. government, along with Germany and the United Kingdom, rank among the major holders of cryptocurrency worldwide, according to Arkham, a platform specializing in decrypting blockchain entitie. Arkham recently released a dashboard highlighting governments with significant cryptocurrency holdings. Through the new tracking feature, users can obtain up-to-date information about governments’ crypto balances and transaction histories.
Via CryptoCurrencyWire · April 22, 2024
VeriSilicon (688521.SH) today announced the integration of its Image Signal Processor (ISP) IP ISP8000, DeWarp Processor IP DW200, and 2.5D Graphics Processor Unit (GPU) IP GCNanoV into Canaan’s K230 chip, the world’s first commercial mass production edge AIoT chip supporting the RISC-V Vector 1.0 standard. This collaboration marks a significant advancement in the high-precision, low-latency edge AIoT solutions for a wide range of intelligent products, such as large-model and multimodal input edge terminals, 3D-structured light perception modules, interactive robots, open-source hardwares, as well as hardwares for smart manufacturing, smart home solutions and AI education.
By VeriSilicon · Via Business Wire · March 13, 2024
BBB Says Crypto Fraud Is Riskiest Con Consumers Face
Crypto and investment frauds rank as the most perilous schemes in the United States presently, according to the Better Business Bureau (BBB). These fraudsters often deceive their victims, resulting in substantial financial losses, as revealed in the BBB’s annual report on the prevalent scams of 2023, compiled from approximately 67,000 reported incidents.
Via CryptoCurrencyWire · March 13, 2024
Canaan Inc. (NASDAQ: CAN) is One of Tuesday Morning’s Most Active Stocks
Canaan Inc. (NASDAQCAN) is one today’s most active stocks by volume. So far today, approximately 31.22M shares of Canaan Inc. have been exchanged, as compared to an average 30-day volume of 24.88M shares.
Via Investor Brand Network · February 27, 2024
BlackRock CEO Hints at XRP ETF Feasibility
BlackRock has sparked curiosity within the crypto community by suggesting the possibility of introducing an exchange-traded fund (ETF) based on XRP. Although there’s no official confirmation of immediate plans for an XRP spot ETF filing, speculations have surged after enigmatic remarks from BlackRock CEO Larry Fink along with its association with other crypto ETF proposals.
Via CryptoCurrencyWire · February 23, 2024
Canaan Inc. (NASDAQ: CAN) is One of Thursday Morning’s Most Active Stocks
Canaan Inc. (NASDAQCAN) is one today’s most active stocks by volume. So far today, approximately 12.76M shares of Canaan Inc. have been exchanged, as compared to an average 30-day volume of 25.2M shares.
Via Investor Brand Network · February 15, 2024