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Canaan Inc provides supercomputing solutions through proprietary high-performance computing ASICs (Application Specific Integrated Circuit). The Company provides a holistic AI (Artificial Intelligence) solution to customers, including AI chips, algorithm development and optimization, hardware module, end-product and software services.

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Canaan Inc > CAN .... LoL...Bitcoin up this down

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Post by Iseneschal on Dec 27, 2021 3:36pm

CAN .... LoL...Bitcoin up this down

Even after this..............

Canaan Secures Follow-on Purchase Order of 30,000 Bitcoin Mining Machines

2021-12-15 03:00 ET - News Release

As Genesis Digital Assets Exercised the First Phase of the Purchase Option

BEIJING, Dec. 15, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has secured a purchase order (the "Order") from Genesis Digital Assets Limited ("Genesis Digital Assets"), a leading Bitcoin mining firm with extensive experience in building and operating industrial-scale Bitcoin mining data centers, for 30,000 units of its Avalon Bitcoin mining machines.

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