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Stock impact report

Canaan Inc. Expands Self-Mining Footprint in North America

Canaan Inc. - American Depositary Shares (CAN) 
Company Research Source: PR Newswire
New mining partnerships to add ~4.7 EH/sMining machines to be hosted at facilities in Pennsylvania and TexasSelf-mining energization expected in coming monthsSINGAPORE, March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that wholly owned subsidiaries of Canaan have signed agreements that expand the Company's self-mining capabilities at two new partners' mining facilities in Pennsylvania and Texas.A three-year master colocation agreement has been entered into with Mawson Hosting LLC, an affiliate of Mawson Infrastructure Group Inc. (NASDAQ: MIGI), for its facility in Midland, Pennsylvania. This expansion in Pennsylvania, together with another r Read more
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