B. Riley lowered the firm’s price target on Canaan (CAN) to $2 from $2.50 and keeps a Buy rating on the shares. The revised price target reflects the company’s Q4 results and the acquisition of Cipher Mining’s (CIFR) 49% stake in three West Texas sites, the analyst tells investors in a research note. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on CAN: Disclaimer & DisclosureReport an Iss ...

Group 1 - Canaan Inc. has expanded its North American presence by acquiring a 49% equity interest in three West Texas mining projects from Cipher Mining for approximately $39.75 million, funded by issuing over 800 million Class A ordinary shares [1][2][5] - The acquisition includes 6,840 Avalon A15Pro mining rigs, providing Canaan with access to 120 MW of operational power capacity and an operating hashrate of approximately 4.4 EH/s, benefiting from low power costs averaging below 3 cents per kWh [2][5] - The partnership with WindHQ, which retains a 51% stake, allows Canaan to integrate its ASIC technology with localized energy infrastructure expertise, marking a strategic shift towards an asset-heavy energy model focused on direct US power applications [5][6]

每经AI快讯，纳斯达克中国金龙指数收涨1.36%，嘉楠科技涨15.90%，Tims中国涨8.57%，世纪互联涨 6.68%，小鹏汽车涨6.69%，大全新能源涨6.64%。 ...

Another consolidation move is unfolding in West Texas, and this time, it is reshaping ownership inside one of the region’s active Bitcoin (BTC) mining clusters. Canaan Inc. (NASDAQ: CAN), the Singapore-based manufacturer of Bitcoin mining hardware and operator of crypto infrastructure, has acquired a 49% equity interest in a joint venture tied to multiple mining projects in West Texas from Cipher Mining (NASDAQ: CIFR). Cipher is a U.S.-based Bitcoin miner that develops and operates large-scale data cent ...

（来源：吴说） Canaan Inc（CAN）宣布，以发行 8.064 亿股 A 类普通股（相当于 5380 万美国存托股份）收购 Cipher Mining（CIFR）在 ABC Projects（Alborz LLC、Bear LLC、Chief Mountain LLC）49% 股权，交易金额 3975 万美元，股份附带 6 个月锁定期。（CoinDesk） 来源：市场资讯 ...

来源：市场资讯 （来源：吴说） 吴说获悉，嘉楠科技（Canaan）宣布以约 3975 万美元对价收购 Cipher Mining（NASDAQ: CIFR）在 Alborz、Bear 与 Chief Mountain 三个矿场项目（ABC Projects）中的 49% 股权，相关项目位于美国德克 萨斯州西部，总电力容量 120 MW，当前运行算力约 4.4 EH/s。Canaan 同时购入 6840 台 Avalon A15Pro 矿机。 ...

forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.'s strategic and operational plans, contain forward-looking ...

格隆汇2月23日｜比特币一度跌破6.5万美元，美股市场加密货币概念股普跌。其中，Abits跌超26%， iPower跌超24%，明成集团跌16%，灿谷、BitGo Holdings、Nakamoto跌超6%，嘉楠科技、Bit Origin跌 超5%，Robinhood、Strive跌超4%。 来源：格隆汇APP | 代码 | 名称 | 涨跌幅 ^ | 总市值 | | --- | --- | --- | --- | | ABTS | (0) Abits | -26.27% | 651.77万 | | IbM | iPower | -24.62% | 324.01万 | | MSW | 明成集团 | -16.00% | 1362.38万 | | PURR | HYPERLIQUID STRATE | -10.84% | 4.74亿 | | CANG | 加戈 | -6.97% | 2.92亿 | | BTGO | BitGo Holdings | -6.90% | 11.31亿 | | NAKA | Nakamoto | -6.39% | 1.53亿 | | CAN | 嘉楠科技 | -5.93% | 2.84亿 ...

Core Insights - Bitcoin's mining difficulty surged approximately 15% to 144.4 trillion on February 20, reversing an earlier 11% decline, marking the sharpest drop since China's 2021 mining ban [1][3] - The increase in difficulty is attributed to a recovery in the US hash rate following disruptions caused by severe winter storms [1][2] Mining Difficulty and Hash Rate - Mining difficulty adjusts every 2,016 blocks, or roughly every two weeks, to maintain Bitcoin's 10-minute block production target [3] - The US hash rate, which is the total computing power securing the Bitcoin network, fell in late January due to freezing temperatures affecting power grids, with Foundry USA's computing power dropping from nearly 400 EH/s to around 198 EH/s before stabilizing [2][3] Impact on Miners - A higher difficulty level increases the computational effort required to earn block rewards, raising production costs per Bitcoin mined [5] - Many miners are already facing challenges in a tighter post-halving environment, with reduced block rewards and ongoing pressures from energy and capital costs [6] - At current difficulty levels, miners need to deploy more computing power to maintain output, with those having access to low-cost power and efficient hardware better positioned to absorb the changes [7] US Miners' Response to Disruptions - Despite the winter storms in January, many large US miners were able to mitigate revenue loss by participating in demand response programs or holding flexible power contracts, allowing them to sell electricity back to the grid during price spikes [8][11] - For instance, LM Funding America reported generating over a quarter of its typical quarterly energy and curtailment revenue during a single weekend by curtailing operations and redirecting power to the grid [9] Geographic Concentration and Its Implications - Since the 2021 mining crackdown in China, the US has become the largest Bitcoin-mining hub, accounting for over one-third of the global Bitcoin hash rate [13] - This concentration means that US weather patterns, grid dynamics, and regulatory conditions can significantly influence global mining metrics [14] - With the hash rate back online and difficulty at new highs, the focus for miners is shifting towards cost discipline and energy strategy, emphasizing the importance of operational flexibility [15]

Group 1: Robinhood - Robinhood shares fell approximately 8% in after-hours trading due to a fourth-quarter revenue miss, reporting net revenues of $1.28 billion, below Wall Street's expectation of $1.34 billion [2] - The revenue shortfall was primarily driven by a 38% year-over-year decline in crypto transaction revenue to $221 million, with trading volumes on the core app dropping 52% [2] - Bernstein analysts maintained an Outperform rating with a $160 price target, viewing the revenue weakness as temporary "crypto jitters" and highlighting record predictions markets and plans for tokenization [2] Group 2: Canaan - Canaan's shares dropped roughly 7% despite reporting its strongest quarter in three years, with revenue surging 121% year-over-year to $196.3 million [3] - The revenue increase was driven by a 60% rise in computing power sales and a 98.5% jump in mining revenue, while the company holds a record 1,750 bitcoin in its treasury [3] - Concerns about a potential Nasdaq delisting were exacerbated as the stock price slid to 56 cents, with a warning to raise the share price above $1 by July 13 to remain compliant [3] Group 3: Institutional Adoption - Goldman Sachs reduced its bitcoin ETF holdings by 40% in Q4, indicating a recalibration in its approach to digital assets [4] - Franklin Templeton and SWIFT executives emphasized the future of banking as "24/7 and natively on-chain," with a focus on tokenizing money market funds to lower operational costs [4] - Danske Bank opened access to bitcoin and ether ETFs from BlackRock and WisdomTree for its clients, marking a shift from its previous restrictive stance [4]