Canaan Inc. Announces Strategic Shift to Focus on Core Cryptocurrency Businesses, Discontinues AI Semiconductor Unit

Reuters

06/23

Canaan Inc. Announces Strategic Shift to Focus on Core Cryptocurrency Businesses, Discontinues AI Semiconductor Unit

Canaan Inc. Announces Corporate Reorganization to Focus on Crypto SINGAPORE, June 23, 2025 - Canaan Inc. $(CAN)$, a leader in cryptomining technology, has announced a strategic realignment to concentrate on its core businesses related to bitcoin mining. As part of this reorganization, Canaan will discontinue its non-core AI semiconductor business, which was involved in ASICs for edge computing applications. This decision aligns with Canaan's goal to enhance its focus on bitcoin mining machine sales, self-mining operations, and consumer mining products. By reallocating resources and leadership attention, the company aims to drive sustainable growth and strengthen its position in the global crypto ecosystem. The realignment is expected to significantly reduce operating expenses and enhance capital efficiency, while reinforcing Canaan's leadership in the digital asset economy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN15865) on June 23, 2025, and is solely responsible for the information contained therein.

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Announces Strategic Shift to Focus on Core Cryptocurrency Businesses, Discontinues AI Semiconductor Unit","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Canaan Inc. Announces Strategic Shift to Focus on Core Cryptocurrency Businesses, Discontinues AI Semiconductor Unit\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Canaan Inc. Announces Corporate Reorganization to Focus on Crypto SINGAPORE, June 23, 2025 - Canaan Inc. <a href=\"https://laohu8.com/S/CAN\">$(CAN)$</a>, a leader in cryptomining technology, has announced a strategic realignment to concentrate on its core businesses related to bitcoin mining. As part of this reorganization, Canaan will discontinue its non-core AI semiconductor business, which was involved in ASICs for edge computing applications. This decision aligns with Canaan's goal to enhance its focus on bitcoin mining machine sales, self-mining operations, and consumer mining products. By reallocating resources and leadership attention, the company aims to drive sustainable growth and strengthen its position in the global crypto ecosystem. The realignment is expected to significantly reduce operating expenses and enhance capital efficiency, while reinforcing Canaan's leadership in the digital asset economy.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: CN15865) on June 23, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAN","symbol_name":"嘉楠科技","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250623:nNDL4XWXYX:1","article_id":"2545413691","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545413691","pubTimestamp":1750674639,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Canaan Inc. 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