ChainCatcher news, according to PR Newswire, Canaan Creative has launched the Avalon A15 series product A 1566.It is reported that this upgraded Bitcoin miner has an energy efficiency ratio of 18.5J/T, a computing power of 185T, and a power consumption of 3420W.

ChainCatcher news, according to PRNewswire, Bitcoin mining machine manufacturer Canaan Creative today announced its operational and financial summary for the fourth quarter of 2023 and the full year of 2023. The data shows that Canaan Creative's revenue in the fourth quarter of last year was $49.1 million, while the revenue for the third quarter of 2023 was $33.3 million, and the revenue for the same period in 2022 was $58.3 million; the mining revenue for the last quarter was $3.7 million, an increase of 13.6% compared to $3.3 million in the third quarter of 2023, and a decrease of 65.5% compared to $10.7 million in the same period of 2022.In addition, Canaan Creative's total sales hash rate for the full year of 2023 was 19.6 million Thash/s, a year-on-year increase of 29.6% compared to 15.1 million Thash/s in 2022; the total revenue for the year was $211.5 million, down from $651.5 million in 2022; mining revenue was $34 million, compared to $32.5 million in 2022.

According to ChainCatcher, a report submitted by Bitcoin miner manufacturer Canaan Creative to the U.S. SEC recently shows that it has raised $50 million through the sale of preferred shares, which were purchased by an undisclosed institutional buyer.

ChainCatcher news, Canaan Creative announced that it has secured follow-up purchase orders in collaboration with Cipher Mining and Stronghold Digital Mining. These orders involve the purchase of over 17,000 Bitcoin mining machines, building on the existing relationships between Canaan Creative and Cipher and Stronghold.The joint venture of Cipher has purchased 16,700 units of the A1466 model Avalon mining machines, while the previously purchased 11,000 units of the A1346 model Avalon mining machines have been delivered and installed at Cipher's Odessa facility.Stronghold has purchased 1,100 units of the A1346 model Avalon mining machines, with the previously purchased 2,000 units delivered and installed at Stronghold's Patha Creek facility.

ChainCatcher news, Canaan Creative announced the completion of the first round of its previously announced preferred stock financing, successfully raising a total of $25 million.On November 27, 2023, Canaan Creative signed a securities purchase agreement with an institutional investor, under which Canaan Creative will issue and sell up to 125,000 shares of Series A convertible preferred stock to the investor at a price of $1,000 per share. In the first round of preferred stock financing, Canaan Creative issued 25,000 shares of preferred stock at a price of $1,000 per share and delivered 8,000,000 American Depositary Shares (ADS) through BNY Mellon, with each ADS representing 15 shares of Canaan Creative's Class A common stock, priced at $0.00000075 per ADS.Canaan Creative plans to use the net proceeds from this securities sale for research and development, expanding production capacity, and other general corporate purposes.

ChainCatcher news, according to the financial report for the second quarter of 2023 released by Canaan Creative, the total revenue for Q2 was $73.9 million, a 33.7% increase compared to $55.2 million in the first quarter of 2023; the company's total computing power sold in the second quarter of 2023 was 6.1 million TH/s, a 44.2% increase compared to the first quarter of 2023.Among them, the revenue from mining machine sales was $57.8 million, and the revenue from mining was $15.9 million; the company holds 1,125 bitcoins and has cash and cash equivalents of $66.1 million. The company expects total revenue for the third quarter of 2023 to be approximately $30 million.

ChainCatcher news, Canaan Creative announced its unaudited financial report for the first quarter of 2023, with first-quarter revenue of $55.2 million, compared to $58.3 million in the fourth quarter of 2022 and $201.8 million in the same period of 2022.Mining revenue was $11.1 million, an increase of 3.3% from $10.7 million in the fourth quarter of 2022 and an increase of 130.2% from $4.8 million in the same period of 2022. The quarter-on-quarter growth was mainly driven by the rebound in Bitcoin prices. The year-on-year growth was primarily attributed to the increase in computing power that powers mining. (source link)

ChainCatcher news, Bitcoin mining hardware manufacturer Canaan Inc. (NASDAQ: CAN) announced its financial results for the fourth quarter and the full year of 2022. In the fourth quarter of 2022, revenue was $56.8 million, a decrease of 59.9% compared to $141.9 million in the third quarter of 2022, with a net loss of $63.6 million in the fourth quarter of 2022.Additionally, Canaan's full-year financial report showed that total revenue for 2022 was $634.9 million, down 12.1% from $723 million in 2021. The full-year profit for 2022 was $253.4 million, a decrease of 38.8% compared to $413.7 million in 2021. (Source link)