Canaan Technology Announces Strategic Reorganization, Focusing on Crypto Infrastructure and Bitcoin Mining
2025-06-24 09:19:27
According to official news, Canaan Technology announced that it has launched a strategic reorganization. Its chairperson and CEO Zhang Nangeng said that it will focus on crypto infrastructure and bitcoin mining, including bitcoin mining machine sales, proprietary mining business, and consumer-facing mining products. In addition, Canaan Technology disclosed that the revenue from the sale of edge computing products in fiscal 2024 was about 900,000 US dollars. Unaudited operating expenses related to this business accounted for about 15% of the company's total operating expenses in fiscal 2024.
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