Canaan Expands its Mining Operations with Deployment of Over 10,000 Mining Machines - Aliens: AI Crypto News & Markets Updates
Logo
Logo

Feed

Coins

About

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

Canaan Expands its Mining Operations with Deployment of Over 10,000 Mining Machines

PublisherPublisher
PR Newswire

Tue, Jan 04, 2022

Banner

Aliens TLDR

(NASDAQ: CAN ) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has entered into strategic collaboration agreements with multiple crypto mining firms for joint-mining business in Kazakhstan.

Joining hands with mining firms, we are excited to leverage each of our respective strengths and resources to maximize profits and capitalize on the growth of the digital assets industry." About Canaan Inc. Established in 2013, Canaan (NASDAQ: CAN ), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production and software services.

In 2018, Canaan released the world's first 7nm ASIC chip, providing energy efficient computing equipment to the cryptocurrency mining industry.

Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.'s strategic and operational plans, contain forward-looking statements.

Canaan Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.

Statements that are not historical facts, including statements about Canaan Inc.'s beliefs and expectations, are forward-looking statements.

A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the Bitcoin industry and the price of Bitcoin; the Company's expectations regarding demand for and market acceptance of its products, especially its Bitcoin mining machines; the Company's expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company's investment plans and strategies; fluctuations in the Company's quarterly operating results; competition in its industry in China; and relevant government policies and regulations relating to the Company and cryptocurrency.

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Terra’s 'vortex of death' brings scrutiny from South Korean regulators

South Korean regulators are mulling plans for the crypto industry following Terra's collapse this month.
The Block
·

1h

Altcoin

Recommended Stories

Article

Get in the loop on whether the signs for Loopring [LRC] are bullish or bearish

Article

Half Billion SHIB Destroyed, But Burn Rate Drops 27%: Report

Article

Four-month-old Doppel is helping some of the biggest NFT projects spot scams

Article

With Bitcoin below $30K, here’s the new metric you should watch instead

Article

Dogecoin-Ethereum Bridge for DeFi Use Remains on Track: DOGE Developer

Article

Uniswap Hits Massive Milestone, Eclipsing $1 Trillion in Trading Volume

Article

BTC, ETH and XRP Price Analysis for May 24

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise