Canaan

Canaan sues AGM's Bitcoin ASIC chip designer for alleged patent infringement

Canaan sues AGM’s Bitcoin ASIC chip designer for alleged patent infringement

advertisement Bitcoin mining hardware manufacturer Canaan has filed a lawsuit in China against HighSharp, the chip design partner of AGM Holdings, a new Bitcoin ASIC chip manufacturer in the market. According to court filings, Canaan is suing Shenzhen HighSharp and Sichuan Yinbimei for making and selling Bitcoin mining chips and hardware allegedly based on designs …

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Bitcoin Miner Maker Canaan Lost $148 Million in 2019

Bitcoin Miner Maker Canaan Lost $148 Million in 2019

Chinese bitcoin miner manufacturer Canaan Creative has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million, reflecting a declining profitability over the past three years. On Thursday, the firm released its first unaudited earnings report since it went public in the U.S. last November. Canaan said it sold computing power …

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