canaan News and Articles

The Chinese company Canaan has announced a share buyback from the market. For these purposes, the manufacturer of mining equipment will spend up to $100 million. During the year, the company's shares sank by 85%. The company attributed such dynamics to the impact of the coronavirus pandemic and...

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...

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,...

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%...

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...

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...

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...

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 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...