Reported about 6 hours ago
Canaan Inc. (NASDAQ:CAN) achieved record Bitcoin production in May 2025, mining 109 bitcoins—a 25% increase from the previous month. This surge comes despite the impact of increased tariffs on its Malaysian-made mining machines and aligns with global demand for Bitcoin mining equipment and rising prices. The company's total Bitcoin holdings now stand at 1,466. Additionally, Canaan announced the termination of a $100 million preferred share financing due to market conditions.
Source: YAHOO