Canaan to Exit AI Chip Business, Double Down on Bitcoin Mining Amid Realignment

Aoyon Ashraf, AI Boost • June 24, 2025

Prior to the decision, the company said it had actively explored options for selling the AI chip business.

Canaan Inc. (CAN), the Singapore-based manufacturer of bitcoin mining machines, will wind down its artificial intelligence (AI) semiconductor business to refocus on its core crypto operations. Despi… [+1839 chars]

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Canaan to Exit AI Chip Business, Double Down on Bitcoin Mining Amid Realignment

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