About Canaan Inc. - American Depositary Shares (CAN)
Canaan Inc is a technology company primarily focused on the design and development of high-performance computing solutions, particularly in the field of blockchain technology. The company is best known for its innovative ASIC (Application-Specific Integrated Circuit) hardware, which is utilized for cryptocurrency mining. By leveraging cutting-edge technology and engineering expertise, Canaan aims to enhance operational efficiencies in blockchain networks, catering to the growing demand for computational power within the digital currency ecosystem. In addition to mining hardware, Canaan is also exploring diverse applications of its technology in various sectors, positioning itself as a key player in the evolving landscape of digital assets and blockchain innovation. Read More
Brazil is becoming a new hotspot for cryptocurrency mining, thanks to a growing surplus of clean energy. Over the past years, the country has invested heavily in wind and solar power. Government incentives encouraged rapid growth in renewable energy projects, but the expansion of transmission infrastructure has not kept pace.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining around 0.2% on Thursday. The Dow traded up 0.20% to 46,532.02 while the NASDAQ rose 0.34% to 22,833.17. The S&P 500 also rose, gaining, 0.07% to 6,715.87.
Canaan Inc. (NASDAQ: CAN), a leading global manufacturer of cryptocurrency mining equipment, has seen its stock price surge following the announcement of a significant order for over 50,000 of its latest-generation Avalon A15 Pro mining machines. This landmark deal, secured from a U.S.-based bitcoin miner, marks Canaan's
Canaan Inc – ADR (NASDAQ:CAN) is trading higher Thursday morning after the Bitcoin (CRYPTO: BTC) mining machine manufacturer announced a landmark sales order.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ), a global leader in disinfection and decontamination, announced a significant expansion commitment from Trauma and Casualty Team (T.A.C.T.), a nationwide franchise network specializing in biohazard cleanup. The initiative underscores TOMI’s mission to create safer, healthier environments by neutralizing dangerous pathogens, mold, and toxins that threaten public health.
Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, and Canaan Inc. (Nasdaq: CAN) ("Canaan"), an innovator in crypto mining, today announced a strategic hosting agreement to deploy 20 megawatts (MW) of Avalon® A15 XP Bitcoin miners at Soluna’s Project Dorothy in Briscoe County, Texas.
U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Thursday. Shares of Stitch Fix, Inc. (NASDAQ: SFIX) dipped 7.6% to $5.21 in pre-market trading following the release of fourth-quarter results.
