Canaan Inc.

CAN

US1347481020

Computer Hardware

Real-time Estimate Cboe BZX Other stock markets 12:26:48 2024-04-26 pm EDT			5-day change	1st Jan Change
0.886 ^USD	-4.73%		+18.36%	-61.46%

Apr. 25	Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Lower in Thursday Trading	MT
Apr. 23	Technology Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Higher in Tuesday Trading	MT

Canaan Expands Crypto Mining Capabilities in Kazakhstan

January 04, 2022 at 06:32 am EST

By Chris Wack

Canaan Inc. on Tuesday said it entered into strategic collaboration agreements with multiple crypto mining firms for a joint-mining business in Kazakhstan.

The company said that on Dec. 22, it launched the last batch of mining machines online under its first phase of deployment in Kazakhstan.

As of Dec. 31, Canaan had 10,300 AvalonMiner units in mining operations in the country, and continues to deploy additional computing power according to its mining business expansion plan.

Canaan shares were up 4% to $5.46 in premarket trading.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

01-04-22 0632ET

Latest news about Canaan Inc.

Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Lower in Thursday Trading	Apr. 25	MT
Technology Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Higher in Tuesday Trading	Apr. 23	MT
Asian Equities Traded in the US as American Depositary Receipts Open Week Higher	Apr. 22	MT
ADRs Slump; Canaan Declines 18%	Apr. 19	DJ
Asian Equities Traded in the US as American Depositary Receipts Fall Again in Friday Trading	Apr. 19	MT
ADRs End Lower; Genetic Technologies Declines 23%	Apr. 18	DJ
Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Thursday Trading	Apr. 18	MT
Canaan Files $300 Million Mixed Shelf	Apr. 17	MT
Canaan Inc. announced that it expects to receive $132 million in funding	Apr. 16	CI
Asian Equities Traded in the US as American Depositary Receipts Fall in Tuesday Trading	Apr. 02	MT
Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading	Apr. 01	MT
Asian Equities Traded in the US as American Depositary Receipts Nudge Lower in Thursday Trading	Mar. 28	MT
Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Slightly Lower in Friday Trading	Mar. 22	MT
ADRs End Higher; XTL Biopharmaceuticals Climbs 129%	Mar. 20	DJ
Asian Equities Traded in the US as American Depositary Receipts Higher in Wednesday Trading	Mar. 20	MT
Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading	Mar. 19	MT
Asian Equities Traded in the US as American Depositary Receipts End Week Lower in Friday Trading	Mar. 15	MT
Asian Equities Traded in the US as American Depositary Receipts Higher in Friday Trading	Mar. 08	MT
Asian Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading	Mar. 05	MT
Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Higher in Thursday Trading	Feb. 29	MT
Bank, Auto Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Sharply Lower Wednesday	Feb. 28	MT
ADRs End Higher; Gaotu Techedu Climbs 31%	Feb. 27	DJ
Asian Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading	Feb. 27	MT
Earnings Flash (CAN) CANAAN Reports Q4 Revenue $49.1M	Feb. 27	MT
Transcript : Canaan Inc., Q4 2023 Earnings Call, Feb 27, 2024	Feb. 27

Canaan Inc provides supercomputing solutions through proprietary high-performance computing ASICs (Application Specific Integrated Circuit). The Company provides a holistic AI (Artificial Intelligence) solution to customers, including AI chips, algorithm development and optimization, hardware module, end-product and software services.

Sector

Computer Hardware

Calendar

2024-05-23 - Q1 2024 Earnings Release (Projected)

More about the company