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Canaan Inc Reports Q3 Diluted EPS US$0.41
Canaan Announces Up To $20 Mln New Share Repurchase Program
Canaan Says Q2 Revenue Rose 507.3% To RMB 1.082 Billion
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.
1-2/F,Qianfang Science Bldg C,Bldg No.27
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Beijing's new blanket ban on all cryptocurrency trading and mining - the broadest yet by a major economy - has sent crypto exchanges and service providers scrambling to sever business ties with mainland Chinese clients.
Bitcoin mining company Genesis Digital Assets said on Tuesday it had raised $431 million in a funding round led by crypto-focused investment firm Paradigm, taking advantage of rising investor interest in the cryptocurrency sector.
A major Chinese maker of bitcoin mining machines argued against an indiscriminate crackdown on cryptocurrency mining in China, saying the business helps make better use of electricity and contributes to employment and the local economy.
A crackdown by Beijing is rapidly accelerating a shift in focus by makers of machines that 'mine' cryptocurrencies like bitcoin from China to North America and Central Asia as Chinese clients face an uncertain future.
China will crack down on bitcoin mining and trading activities as part of efforts to fend off financial risks, the State Council's Financial Stability and Development Committee said on Friday.
The Chinese capital city of Beijing is conducting a check on data centres involved in cryptocurrency mining to better understand their impact on energy consumption, according to sources and a document seen by Reuters.
Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector.
Concise insights on global finance in the Covid-19 era.
Lufax, one of China's largest online wealth management platforms backed by financial giant Ping An Insurance Group <2318.HK> <601318.SS>, is seeking a U.S. initial public offering as early as this year, people with direct knowledge told Reuters.
* NORTHERN DATA AND CANAAN INC ANNOUNCE COOPERATION ON BLOCKCHAIN-TECHNOLOGY AND AI Source text for Eikon: Further company coverage: (Gdansk Newsroom)
The world's biggest cryptocurrency asset manager said on Tuesday it was seeing efforts to shift bitcoin production to North America from China, which dominates digital coin mining.
Citigroup Inc <C.N> and Credit Suisse Group AG <CSGN.S> have dropped out of the U.S. initial public offering of Chinese shared workspace provider Ucommune, baulking at its desired valuation, two people with direct knowledge of the matter said.
China's bitcoin miners now control two-thirds of the crypto network's processing power, research showed on Wednesday, a growing share that is likely to benefit the country's miners.
The old image of bitcoin miners is of young techies in their bedrooms, hunched over laptops that solve maths puzzles to earn new coins. Now they're more likely to be savvy startups with ultra-high-speed chips and massive, power-guzzling machines.
WEEKLY TOTAL $9.6bn – IPO $993m – ABB/BLOCK $6.3bn – FOLLOW-ON $1.65bn – CB $705m Monday
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.