Canaan Inc. Expands its Self-mining Footprint in Texas and Pennsylvania
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
Plans to install Avalon A14 and A15 mining machines at joint mining sitesTakes significant steps toward 10 EH/s capacity in North America by mid-2025SINGAPORE, Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that its wholly owned subsidiary, Beet Digital LLC., has entered into a strategic joint mining agreement with Luna Squares Texas LLC ("LS Texas"), a West Texas Bitcoin mining firm, to collaborate on mining activities at LS Texas' mining site. The agreement is part of the Company's plan to reach 10 exahash per second (EH/s) capacity in North America by mid-2025. Under the agreement, each party will be allocated a portion of the BTC revenue less electricity, maintenance, and operating costs. For revenue generated from Canaan's Avalon A14 Series, each party will receive 50%. For revenue generated from any Avalon A15 Series deployed to the site, to accelerate recovery of Can
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CAN
News
- Canaan Inc. (NASDAQ: CAN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- Canaan Inc (CAN) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth Amid ... [Yahoo! Finance]Yahoo! Finance
- Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Canaan Inc. Reports Unaudited Third Quarter 2024 Financial ResultsPR Newswire
- Canaan Inc. Announces the Execution of a Securities Purchase AgreementPR Newswire
CAN
Earnings
- 11/20/24 - In-Line
CAN
Sec Filings
- 11/20/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/20/24 - Form 6-K
- CAN's page on the SEC website