Thursday, March 03, 2022 7:15:17 AM
Total computing power sold increased 15.5% Q/Q to 7.7 million Thash/s, mainly driven by the solid market demand and the delivery of Bitcoin mining machines.
Products revenue grew 57 fold Y/Y to $340.4 million. Earnings per ADS was $1.07.
Canaan held $421.2 million in cash and equivalents.
Shaoke Li, the board Secretary, resigned due to personal reasons agreed to continue as a consultant. Lu Meng succeeded Li.
Nangeng Zhang, Chair and CEO, commented, "Against the backdrop of Bitcoin price fluctuations and challenging industry dynamics, we made encouraging progress in our operations and finished the year with a strong fourth-quarter performance."
New York Yankees and Duke Basketball
Recent CAN News
- Canaan Inc. to Report First Quarter 2024 Financial Results on May 17, 2024 • PR Newswire (US) • 05/10/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 10:05:08 AM
- Canaan Unveils the New Avalon A1566 Mining Machines at Bitcoin Asia • PR Newswire (US) • 05/09/2024 10:00:00 AM
- Canaan debuts Avalon A15 New Product Series • PR Newswire (US) • 05/09/2024 05:44:00 AM
- Canaan debuts Avalon A15 New Product Series • PR Newswire (US) • 05/09/2024 05:08:00 AM
- AKT Token Skyrockets on Upbit Listing, IBIT Holds Strong in Top 10 ETFs, and More Crypto News • IH Market News • 04/23/2024 04:34:08 PM
- Canaan Announces Proposed Share Purchase by Management • PR Newswire (US) • 04/22/2024 10:00:00 AM
- Canaan Makes Statement Regarding Shelf Registration Submission • PR Newswire (US) • 04/19/2024 02:12:00 PM
- Canaan Shines at Blockchain Life 2024 in Dubai • PR Newswire (US) • 04/18/2024 03:11:00 PM
- Canaan Shines at Blockchain Life 2024 in Dubai • PR Newswire (US) • 04/18/2024 03:02:00 PM
- Canaan Shines at Blockchain Life 2024 in Dubai • PR Newswire (US) • 04/18/2024 02:53:00 PM
- Canaan Inc. Files 2023 Annual Report on Form 20-F • PR Newswire (US) • 04/17/2024 08:28:00 PM
- カナンのRISC-Vベース・エッジAIoT SoCが、ベリシリコンのISPとGPU IPを採用 • Business Wire • 03/14/2024 02:49:00 PM
- RISC-V-basiertes Edge-AIoT-SoC von Canaan setzt ISP und GPU IPs von VeriSilicon ein • Business Wire • 03/14/2024 12:08:00 PM
- Le SoC AIoT de Canaan basé sur RISC-V adopte les PI ISP et GPU de VeriSilicon • Business Wire • 03/14/2024 12:08:00 PM
- 嘉楠以RISC-V為基礎的端側AIoT SoC採用了芯原的ISP IP和GPU IP • Business Wire • 03/14/2024 11:10:00 AM
- 嘉楠基于RISC-V的端侧AIoT SoC采用了芯原的ISP IP和GPU IP • Business Wire • 03/14/2024 12:00:00 AM
- Canaan’s RISC-V based edge AIoT SoC adopted VeriSilicon’s ISP and GPU IPs • Business Wire • 03/14/2024 12:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/27/2024 12:49:46 PM
- Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results • PR Newswire (US) • 02/27/2024 12:47:00 PM
- Canaan Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024 • PR Newswire (US) • 02/20/2024 10:00:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 01:02:10 AM
- Crypto: Bitcoin Surpasses $42K on Friday, Canaan Raises $50 Million for Expansion and R&D, and More • IH Market News • 01/26/2024 07:42:52 PM
- ADRs Advance; Evaxion Biotech A/S Climbs 36% • Dow Jones News • 01/23/2024 10:08:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/19/2024 09:02:16 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
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Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM