Canaan Expands to US, Abandons AI to Refocus on Bitcoin Mining
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Canaan Expands to US, Abandons AI to Refocus on Bitcoin Mining

June 23, 2025
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Bitcoin ASIC manufacturer Canaan has completed a successful pilot production run in the United States, marking a major shift in its manufacturing strategy. Alongside this move, the company has officially exited its artificial intelligence (AI) chip business, citing a strategic pivot back to its core strengths: Bitcoin mining and crypto

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