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Canaan Inc.
Canaan Inc. announced the appointment of KPMG Singapore as its new independent auditor, effective October 19, 2026, replacing KPMG Huazhen LLP. This transition supports the company's global expansion and its energy-plus-compute strategy, with the new auditor tasked with auditing the financial statements for the fiscal year ending December 31, 2026.…more
Canaan Inc.
Canaan Inc. mined 44 BTC in September 2026, bringing its total holdings to 1,875 BTC, and successfully launched its Nordic district heating project. The company also monetized a portion of its digital assets to fund share repurchases, acquiring 13.6 million ADSs in late August and a total of 16.4 million ADSs year-to-date.…more
Canaan Inc.
Canaan Inc. sold its entire position of 3,952 ETH and 54 BTC in August 2026, generating approximately US$13.9 million in cash. The company utilized US$5.4 million of these proceeds to repurchase approximately 13.6 million ADSs by the end of August. Additionally, Canaan has commenced equipment installation for its compute heat recovery project in Canada.…more
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Canaan Reports 44 Bitcoins Mined in September, Total Holdings Reach 1,875…more
Canaan announced that it mined 44 Bitcoins during September, bringing its total balance sheet holdings to 1,875 Bitcoins. The company provided an update on its mining operations, including current hashrate metrics and power costs.…more
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Canaan reported a Q2 loss of $0.13 per share, missing analyst estimates, while revenue fell 68% year-over-year to $31.86 million. The significant shortfall in both earnings and sales highlights ongoing operational challenges for the company.…more
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