2019-3-12 10:00 |
Canaan Creative, the maker of Avalon miners, has closed a significant funding round, valuing the firm at over $1 billion, according to a report.
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The new venture is expected to increase revenue and "optimize" its product offering structure.
The company's director of finance will serve as acting CFO.
Mining hardware manufacturer Canaan Creative reported a Q3 net loss that is more than quadruple its Q2 loss.
Canaan shares are down 23% in August.
Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, fell below $2 Monday, their lowest after going public last year.
Китайская компания Canaan Creative в первом квартале 2020 года оснастит свое оборудование для майнинга 5-нм чипами. Новости криптовалют.
В майнерах Canaan появятся 5-нм чипы
Coinspeaker After IPO Canaan’s Stock Loses about 35% of Its ValueCanaan's stock prices has fallen after IPO as the cryptocurrency mining equipment manufacturer is struggling to survive its business.
