canaan

Canaan, a name long synonymous with the rise of crypto mining hardware, is at something of an inflection point. Their Bitcoin mining pivot in recent months seems the most like a play to shore up consistent revenue. In reality, it sounds like a losing, last gasp shot in the dark....

Canaan Inc., a company named after the biblical Promised Land and listed on the stock market as CAN.US, is ramping up its bitcoin mining operations. According to the Denver-based company’s most recent monthly report, the company minted a total of 90 bitcoins during the month of March. This is a...

Canaan. The name itself evokes biblical promise, a land of milk and honey. However, for the crypto mining machine maker, that promised land appears to be still far off. In short, Canaan found itself between a halving and a hard place. Its very aggressive decision to bet heavily on Bitcoin...