Canaan Q2 income surge amid volatile electronic currency marketplace
Canaan earnings

Canaan Q2 income surge amid volatile electronic currency marketplace

Canaan Inc. (NASDAQ: CAN), a Beijing-based hardware manufacturer of digital currency mining equipment, reported a record second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million. The NASDAQ-listed company said in a quarterly earnings report that it sold 5.9 million terahashes per second (TH/s) of hashing power during the quarter representing a 126.9% Y/Y increase from 2.6 million…

Canaan inks new deals injecting capital into firm
Canaan deals

Canaan inks new deals injecting capital into firm

Canaan Inc. (NASDAQ: CAN) has had a busy week. The NASDAQ-listed and Hangzhou, China-headquartered blockchain mining hardware maker announced this week that it entered a purchase order agreement with Genesis Digital Assets Limited valued at up to $93.63 million.  The firm agreed to supply block reward miner Genesis Digital Assets with its A1246 AvalonMiner mining…