Category Archives: Canaan

Canaan Adds 180 BTC to Reserves, Posting Better Than Expected Figures

China-based tech firm Canaan has boosted its Bitcoin holdings by 180 to a total of 346 BTC despite the market downturn. The firm, which makes cryptocurrency mining equipment, reported sales of 1.65 billion yuan (around $238 million), a year-over-year growth of 52.8%.  At the same time, the company’s net profit reached 608.9 million yuan (close to… Read More »