Canaan Buys 49% Stake in 3 Texas Mining Sites for $40 million
Canaan (EXCHANGE: CAN) has expanded its Texas footprint by snapping up Cipher Mining’s 49% stake in three existing mining operations, broadening its exposure to low-cost,...
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Canaan Acquires Cipher Mining’s 49% Stake in Texas Mining Facilities
Bitcoin mining hardware maker Canaan has purchased Cipher Mining’s 49% interest in a trio of Texas mining projects for $39.75 million, expanding its mining interests....
Canaan stock surges over 25% on record US Bitcoin mining rig order
Canaan Inc. shares jumped more than 26% in early trading Thursday after the crypto mining firm landed a 50,000-rig order. Canaan said that a US-based company...
Canaan Mines 89 BTC in July Amid Global Strategy Shift
Key Highlights Canaan mined 89 BTC in July 2025. The company exited Kazakhstan and ended a Texas hosting deal. Redeployment of mining machines and strategic...