Tag: Canaan

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Canaan Posts $88.7M Net Loss in Q1 2026 as Bitcoin Prices Weigh on Mining Revenue

Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and...

Canaan (CAN) Wins Contract To Supply Crypto Mining Heat To Nordic District Heating Network

Canaan Inc. (NASDAQ: CAN), the Bitcoin mining equipment manufacturer, has secured a contract to provide heat-recovery computing infrastructure to a district heating network in...

Bitcoin Miner Canaan Buys Cipher’s Texas Stake, Boosts AI Plans

Canaan (CAN) has acquired Cipher Mining Technologies Inc.’s (NASDAQ: CIFR) 49% stake in three fully operational West Texas mining projects, marking a significant step...

Canaan expands U.S. mining operations with purchase of Cipher’s Texas JV stake

Canaan Inc. (CAN), a manufacturer of bitcoin mining hardware and an operator of crypto mining infrastructure, said it bought a 49% equity interest in...

Canaan Acquires Cipher Mining’s 49% Stake in Texas Mining Facilities

Bitcoin mining hardware maker Canaan has purchased Cipher Mining’s 49% interest in a trio of Texas mining projects for $39.75 million, expanding its mining...

Canaan Receives Nasdaq Deficiency Notice After Shares Dip Below $1.00

Canaan disclosed it received a Nasdaq deficiency notice on Jan. 14, 2026, after its American depositary shares traded below $1.00 for 30 consecutive business...

Nasdaq Tells Canaan to Boost Share Price or Face Delisting

Crypto mining hardware maker Canaan Inc., which has seen its shares down 63% in the last 12 months, has received a warning from Nasdaq...

Nasdaq Warns Bitcoin Hardware Maker Canaan About Delisting

In brief Canaan must raise its share price above $1 for 10 consecutive days by July to avoid Nasdaq delisting. The company's stock trades at $0.79,...