Canaan stated it’s going to debut a “groundbreaking, industry-redefining product that may form the way forward for Bitcoin mining” on Sept. 12 at a gala celebrating its tenth anniversary.
“Anticipate an unforgettable occasion with {industry} insights, knowledge-sharing, and networking alternatives,” the corporate wrote in an official announcement. “Esteemed {industry} leaders will information partaking discussions on cutting-edge traits and pivotal subjects throughout the Bitcoin mining sector,” it added.
Canaan is well-known within the Bitcoin mining sector for growing ASIC mining {hardware}. It reported a troublesome fourth-quarter and full-year monetary outcomes for 2022 — with a giant decline towards the tip of final yr.
Canaan’s inventory value has declined by greater than 15% over the previous month however is up practically 28% year-to-date.
