Despite 82% drop in quarterly revenue, Bitcoin mining hardware manufacturer Canaan remains optimistic

Ad Canaan, a Chinese manufacturer of application-specific integrated circuit (ASIC) mining machines for Bitcoin, reported an 82% drop in revenue in Q4 2022, according to a filing with the United State...

Mining Hardware Manufacturer Canaan Revenue Drops 82%

Canaan crypto stock reported a revenue drop of 82.1% to $56.8 million in the fourth quarter of 2022 and may fall further. Canaan, the China-based mining hardware manufacturer, reported revenue of RMB ...

Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4

According to a new filing with the U.S. Securities and Exchange Commission on Mar. 7, Canaan, a Chinese Bitcoin (BTC) miner and manufacturer of application-specific integrated circuit (ASIC) mining ma...

Peugeot, Jeep Manufacturer Stellantis Reports Record Full-Year 2022 Earnings, Announces Massive Shareholder Payout

Automotive corporation Stellantis targets global BEV sales of 5 million by 2030 following its commendable full-year results.  Stellantis recently posted its full-year 2022 earnings results, which show...

To Succeed, Every Manufacturer Must Become A Lean, Mean Strategic Machine

Fast forward to today and, for the majority of manufacturing companies, the need to maximize … [+] efficiency, especially in light of ongoing economic and geopolitical uncertainty, remains a top...

BINANCE COIN ON THE RISE AMID NEW PARTNERSHIP WITH GERMAN CAR MANUFACTURER BMW, FILECOIN TURNS GREEN AS FIL RECORDS GAINS ON THE DAILY AND WEEKLY CHARTS, SNOWFALL PROTOCOL BOASTS A SUCCESSFUL PRESALE RUN WITH A RECORD OF OVER 200M TOKENS SOLD

Binance Coin (BNB) and Filecoin (FIL) are leading the charge as the majority of the crypto market recovers in the early days of 2023. Snowfall Protocol (SNW) is also making headlines. While the latter...

Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India – Metaverse Bitcoin News

Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its customer retail experience to the metaverse. The company announced on Jan. 1, it would launch a VR (vi...

Electric car manufacturer in China breached, hacker wants $2.25 million in Bitcoin

NIO, the leading electric vehicle manufacturer in China, reported that a hacker had taken certain basic user information and data on vehicle sales dated before August 2021. The manufacturer also repor...

United Airlines Ordered 200 Boeing Planes, Breathing New Life Into Plane Manufacturer

| Getty Images Key Takeaways United Airlines ordered 200 planes from Boeing. The order shows a vote of confidence from a major airline. An order of this size also reveals United Airlines’ overal...

Automobile Manufacturer Fiat’s Metaverse Store Launched

Customers now will be able to virtually test drive the New 500 La Prima by Bocelli. The showroom will provide a 360-degree sight of the automobile model. One of the world’s top ten vehicle manufacture...

Chairman, Vice Chairman At China Manufacturer Investing $916 Million In Ohio Under Police Surveillance

Yunnan Energy New Materials shares have declined nearly 14% at the Shenzhen Stock Exchange this … [+] week. Photographer: Qilai Shen/Bloomberg © 2019 Bloomberg Finance LP The chairman and vice c...

Fisker (FSR) Manufacturer Foxconn all set to enter the EV Market

Taiwanese electronics manufacturing giant Foxconn has showcased its growing interest in the Electronic Vehicle (EV) sector lately. In a recent event, the company once again reportedly seems to be feel...

Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With up to 130 Terahash – Mining Bitcoin News

On Monday, bitcoin mining rig manufacturer Canaan Inc., announced the launch of the company’s latest high-performance bitcoin miners called the A13 series. Canaan has revealed two models in the A13 se...

Toy Manufacturer Mattel and Cryptoys Announce Masters of the Universe NFT Collection – Blockchain Bitcoin News

This week, in celebration of the 40th anniversary of the Masters of the Universe (MOTU) franchise, the toy manufacturing company Mattel announced the launch of the official MOTU digital toy collection...

Binance freezes the accounts of an arms manufacturer

The exchange Binance has decided to freeze the cryptocurrency wallet of a Russian user, specifically an arms manufacturer, Vladislav Lobaev. The Security Service of Ukraine (SSU) has, in fact, stated ...

Leading Hardware Wallet Manufacturer Ledger Aims To Raise $100 Million

As per the latest reports from Bloomberg, Ledger seeks to raise funds worth $100 Million in funding. Founded in 2015, Ledger is a well-known manufacturer of hardware wallets. Éric Larchevêque and Thom...

Ledger, Crypto Wallet Manufacturer, Sells NFTs, stood first at Open Sea  –

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Prominent Automobile Manufacturer ‘KIA’ Unveils New NFT Collection

27 seconds ago | 2 mins read NFT News A 30-second advertisement will be shown during the TV campaign. There will be 10,100 Kia-themed goods in the marketing campaign and NFT collection. KIA, a promine...

Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer – Bitcoin News

Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...

Hyundai Becomes the First Car Manufacturer to Release Community NFTs

Hyundai Motor Company will become the first automaker to hop on the community non-fungible token (NFT) market. The organization will launch 30 limited digital collectibles in collaboration with the NF...

Here’s How to Ride the Wave With Lithium Manufacturer Livent

News broke Wednesday afternoon. It appears that President Biden is preparing to invoke the Defense Production Act to help improve U.S. availability of lithium, nickel, cobalt, graphite, and manganese....

Spacecraft manufacturer Terran Orbital LLAP begins trading on the NYSE

Spacecraft manufacturer Terran Orbital began trading on the New York Stock Exchange on Monday after closing its SPAC merger, going public with over $200 million in outstanding orders. Terran trades un...

Things You Need to Know About the Ethereum Chip Mining Machine Manufacturer

Mar 25, 2022 at 12:41 // News Since January 9th, 2009, when the Genesis Block went live, the global blockchain industry has been developing for 13 years so far. From the nascent stage to bloom i...

ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program – Mining Bitcoin News

The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in ...

This Manufacturer Keeps On Rolling

President Barack Obama delivers remarks to Allison Transmission workers and guests at one of the … [+] company’s plants in Indianapolis, Friday, May 6, 2011. Obama toured the facility and ...

Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country.  The Nasdaq-li...