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canaan News and Articles



Canaan

Canaan sells Genesis Digital Assets miners for about $94M

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Chinese manufacturer Canaan Creative has announced a strategic partnership with Genesis Digital Assets to supply the mining company with $ 93.63 million worth of Bitcoin mining devices. We are talking about ASIC miners of the AvalonMiner A1246 model. According to the statement, after the order is...

Canaan

Canaan introduces immersion cooled Bitcoin miner

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One of the oldest manufacturers of ASIC equipment, Canaan Creative, has introduced a miner with an immersion cooling system - Avalon A1066I. #AvalonMadeLeveraging a mechatronics hardware design, the Avalon Immersion Cooling Miner offers a high degree of integration within single mining modules,...

canaasn shares lows

Shares of mining giant Canaan hit historic lows

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Shares of the mining giant Canaan on the Nasdaq exchange have updated their historical low, closing below $2 on Monday, June 15th. This is evidenced by Yahoo Finance. On this day, the stock fell to $1.98, losing 3.9% during the trading session. Thus, since November last year, Canaan quotes fell 78%...

Canaan Creative

Canaan reported a net loss of $148 million for 2019

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Chinese mining corporation Canaan Creative proclaimed a net loss of $148.6 million for 2019. On Thursday, April 9, the organization published its initial income report since the IPO on the Nasdaq Stock Exchange in November. After an IPO of $90M, the value of the company's shares fell significantly...

Canaan mining

A class-action lawsuit filed against Canaan Creative

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Rosen Law Firm filed a class-action lawsuit against Canaan Creative on account of buyers of its securities. The manufacturer of bitcoin miners was accused of manipulating information during an IPO. According to a press release, investors intend to recover from Canaan Creative losses incurred after...

Canaan mining stock

Shares of mining giant Canaan have fallen by almost 40%

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Since listing on Nasdaq last month, Canaan, a Chinese mining company, has dipped by nearly 40%. In November, Canaan Creative raised $90 million during an IPO, posting 10 million US depositary receipts for $9. Оn December 13, the securities of a mining company are trading at around $5.71. In a...

Canaan Inc. IPO

Canaan Inc. raised $90 million in the US IPO

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BTC mining engines building corporation Canaan gathered $90 million after rating its US IPO at the ground of its marketed range. The Hangzhou exchanged American depositary shares for $9 apiece and gathered $10 million on Wednesday. As to records of the US SEC, the shares had been traded for $9-11....

Bitcoin mining devices maker Canaan

Canaan Inc. lost Credit Suisse as a lead in its IPO

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Bitcoin mining devices maker Canaan Inc. lost the lead for its US IPO and has scaled back its offering. According to the information the corporation reported to the US SEC, it intends to offer 10 million American depository shares at $9 to $11 apiece to raise about $110 million. Previously, Canaan...

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