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.
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