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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Canaan Technology cuts AI business to focus fully on Bitcoin mining rigs and mining.
[Coin World] The listed mining rig manufacturer Canaan Creative has announced that it will cease its non-core AI semiconductor business to focus on core encryption-related businesses such as Bitcoin mining rig sales, self-mining, and consumer mining products. Canaan stated that this adjustment aims to streamline operations, improve capital efficiency, and reduce non-core expenditures. In fiscal year 2024, the revenue from the AI business was only about $900,000, yet it accounted for approximately 15% of operating expenses.