Latest news with #CAN
Yahoo
6 hours ago
- Business
- Yahoo
Canaan to Exit AI Chip Business, Double Down on Bitcoin Mining Amid Realignment
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. Despite the growing trend of bitcoin miners diversifying their revenue through AI-related businesses, building AI chips is likely very competitive and not cost-effective for smaller companies. Canaan said that its AI unit, which brought in just about $900,000 in revenue in 2024 (versus total revenue of $269.3 million) and accounted for 15% of company-wide operating expenses, failed to align with the firm's long-term strategy, the company said on Monday. 'Doubling down on our core strengths in crypto infrastructure and bitcoin mining is the most strategic path forward,' CEO Nangeng Zhang said in the statement. Before the move, the company said it began exploring options for the AI unit as far back as March 2022, including selling it or shutting it down entirely. Now, Canaan expects to complete the phase-out in the coming months and anticipates a sharp drop in costs once the exit is finalized. Canaan is best known for its Avalon mining rigs, one of the earliest brands of ASIC (application-specific integrated circuit) miners built for bitcoin. The firm went public on Nasdaq in 2019 and continues to develop mining hardware while also expanding into self-mining and consumer mining products. The decision, which comes after years of trying to diversify into edge computing chips, is hardly a surprise given the recent focus of miners and mining chip makers on "American Made" bitcoin after Trump's U.S. election win. Recently, Benchmark's Mark Palmer wrote in his research that rig maker's shares don't reflect upside potential from the expansion of the company's self-mining operations, especially in the United States. Canaan's shares were slightly down on Monday, while the broader digital assets and equities markets were mostly positive. The stock fell 71% this year, while a bitcoin mining ETF, WGMI, declined about 20%. CORRECTION (June 23, 17:17 UTC): Corrects 2024 total revenue number to $269.3 million.
Kuwait Times
7 hours ago
- Health
- Kuwait Times
CAN champions sports as tool for cancer prevention
KUWAIT: As part of the joint sports program between the National Cancer Awareness Campaign (CAN) and Haidu Academy, the Kuwait Amateur Cup for Academies concluded with strong participation and vibrant energy. The tournament was held under the golden sponsorship of CAN and organized with the support of the Public Authority for Sport (PAS) and the Kuwait Football Association (KFA). Dr Khalid Ahmed Al-Saleh, Chairman of the Board of Directors of CAN emphasized the powerful role of sports in promoting awareness and building immunity against chronic diseases, including cancer. He noted that the rise in cancer cases—estimated at 1 to 5 percent annually—can be mitigated through regular physical activity. 'Health development is closely tied to sports,' he said, stressing that simple routines like walking for an hour a day can burn between 200 to 300 calories depending on one's weight and speed, while also improving heart health, regulating blood pressure, and boosting immunity. He highlighted studies showing that consistent physical activity can reduce the risk of certain cancers by up to 30 percent. The month-long tournament featured 16 teams and over 100 amateur players, creating a lively and competitive atmosphere. The 'Haidu CAN' team clinched first place after an impressive final performance, while player Saud Matar received the 'Best Player of the Tournament' award for his exceptional skills. At the closing ceremony, Abdullah Al-Saleh, Chairman of the Organizing Committee, praised the initiative, stating that such tournaments are essential in raising awareness among youth about the importance of sports and fostering a healthy lifestyle in the community. He added that the Haidu CAN sports program will continue organizing year-round activities and tournaments for all age groups and both sexes, in alignment with CAN's mission to combat cancer through a healthy and active lifestyle. He encouraged young people to participate in upcoming events, especially during the summer, when swimming races are in full swing.
Yahoo
4 days ago
- Business
- Yahoo
Canaan Inc. (CAN) Reports Record Bitcoin Production in May
Canaan Inc. (NASDAQ:CAN) is one of the 13 Crypto Stocks with the Highest Upside Potential. Canaan Inc. (NASDAQ:CAN) reported record Bitcoin production in May 2025, attaining a notable 25% month-over-month growth. The growth materialized despite the increased tariffs on the company's Malaysia-made mining machines. A close up view of a final mining equipment used in bitcoin mining. Canaan Inc. (NASDAQ:CAN) mined a record 109 Bitcoins, taking its total holdings to 1,466 bitcoins, reaching new highs in operational and installed hash rates. The growth corresponds with the rising demand for Bitcoin mining machines across the globe, along with rising Bitcoin prices. These factors bolster Canaan Inc.'s (NASDAQ:CAN) strategic focus on shareholder value and sustainable growth. In other news, the company announced the termination of a $100 million preferred share financing agreement because of market conditions, along with a $30 million stock repurchase program. Canaan Inc. (NASDAQ:CAN) is a holding company that develops and sells Bitcoin mining machines and related services. It specializes in green mining. The company also designs, researches, and sells Integrated circuits (IC) and leases mining equipment by integrating IC products for Bitcoin mining and related components in China. While we acknowledge the potential of CAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
5 days ago
- Automotive
- Business Upturn
Toshiba Releases 2-Channel Automotive Standard Digital Isolators Compliant with AEC-Q100
Kawasaki, Japan: Toshiba Electronic Devices & Storage Corporation ('Toshiba') has launched a line of 2-channel high-speed standard digital isolators for automotive applications. The new 'DCM32xx00 Series' features four devices that support stable operation with high common-mode transient immunity (CMTI) of 100kV/μs (typ.)[1] and high data transmission rate of 50Mbps (max)[2]. All conform to the AEC-Q100 standard for the safety and reliability of automotive electronic components. Shipments start today. Advertisement This press release features multimedia. View the full release here: Toshiba: DCM32xx00 Series, automotive standard digital isolators compliant with AEC-Q100. The safety and reliability of on-board chargers (OBC) and battery management systems (BMS) in hybrid-electric vehicles (HEV) and electric vehicles (EV) require devices that ensure isolation and prevent noise-propagation. Automotive standard digital isolators provide solutions for the multi-channel high-speed communications and high CMTI these isolation devices require. The new isolators use Toshiba's proprietary magnetic coupling type isolated transmission method to achieve a high CMTI of 100kV/μs (typ.). This delivers high level resistance to electric noise between input and output in isolated signal transmission, enables stable control signal transmission and contributes to stable equipment operation. A low-pulse-width distortion of 0.8ns (typ.)[2] and a data-transmission rate of 50Mbps (max)[2] are also achieved. The new products are suitable for 2-channel high-speed communication applications such as I/O interfaces with CAN[3] communications. Toshiba already mass produces 4-channel automotive standard digital isolators, and has now extended its product lineup to 2-channel small SOIC8-N packages. Going forward, the company will expand its range of channels and packages for automotive and industrial equipment. It will continue to provide high-quality isolation devices and photocouplers that support the reliability and real-time data transmission required by automotive equipment. [1] Test conditions: VDD1=VDD2=4.5 to 5.5V, VCM=1500V, T opr =-40 to 125°C [2] Test conditions: VDD1=VDD2=4.5 to 5.5V, T opr =-40 to 125°C [3] CAN (Controller Area Network): A serial communications standard, primarily used for automotive communication networks. Applications Automotive equipment Battery management system (BMS) Automotive on-board charger (OBC) Inverter control Features High common mode transient immunity: CMTI=100kV/μs (typ.) [1] High-speed data rate: t bps =50Mbps (max) [2] =50Mbps (max) Low pulse width distortion: PWD=0.8ns (typ.) [2] 2-channel support (see Main Specifications for details on each device): One forward channel and one reverse channel; Two forward channels and no reverse channel Main Specifications (Unless otherwise specified, T opr =-40 to 125°C) Part number DCM321C00 DCM321D00 DCM320C00 DCM320D00 Number of channels (Forward directions: reverse directions) 2 (1:1) 2 (2:0) Default Output Low High Low High Input/Output Control None Package SOIC8-N Absolute Maximum Ratings Operation temperature range T opr (°C) -40 to 125 Storage temperature range T stg (°C) -65 to 150 Isolation voltage BV S (Vrms) t=1min, Ta=25°C Min 3000 Electrical Characteristics Common- Mode Transient Immunity CMTI (kV/μs) V DD1 =V DD2 = 4.5 to 5.5V, V CM =1500V Typ. 100 Data Rate t bps (Mbps) V DD1 =V DD2 = 4.5 to 5.5V Max 50 Pulse Width Distortion PWD (ns) Typ. 0.8 Propagation Delay t PHL, t PLH (ns) 10.9 Sample Check & Availability Buy Online Buy Online Buy Online Buy Online Related information Application Notes Follow the links below for more on the new products. DCM321C00 DCM321D00 DCM320C00 DCM320D00 Follow the link below for more on Toshiba's standard digital isolators Standard Digital Isolators To check availability of the new products at online distributors, visit: DCM321C00 Buy Online DCM321D00 Buy Online DCM320C00 Buy Online DCM320D00 Buy Online * Company names, product names, and service names may be trademarks of their respective companies. * Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice. About Toshiba Electronic Devices & Storage Corporation Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products. Its 19,400 employees around the world share a determination to maximize product value, and to promote close collaboration with customers in the co-creation of value and new markets. The company looks forward to building and to contributing to a better future for people everywhere. Find out more at View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
Business Wire
5 days ago
- Automotive
- Business Wire
Toshiba Releases 2-Channel Automotive Standard Digital Isolators Compliant with AEC-Q100
KAWASAKI, Japan--(BUSINESS WIRE)-- Toshiba Electronic Devices & Storage Corporation ("Toshiba") has launched a line of 2-channel high-speed standard digital isolators for automotive applications. The new "DCM32xx00 Series' features four devices that support stable operation with high common-mode transient immunity (CMTI) of 100kV/μs (typ.) [1] and high data transmission rate of 50Mbps (max) [2]. All conform to the AEC-Q100 standard for the safety and reliability of automotive electronic components. Shipments start today. The safety and reliability of on-board chargers (OBC) and battery management systems (BMS) in hybrid-electric vehicles (HEV) and electric vehicles (EV) require devices that ensure isolation and prevent noise-propagation. Automotive standard digital isolators provide solutions for the multi-channel high-speed communications and high CMTI these isolation devices require. The new isolators use Toshiba's proprietary magnetic coupling type isolated transmission method to achieve a high CMTI of 100kV/μs (typ.). This delivers high level resistance to electric noise between input and output in isolated signal transmission, enables stable control signal transmission and contributes to stable equipment operation. A low-pulse-width distortion of 0.8ns (typ.) [2] and a data-transmission rate of 50Mbps (max) [2] are also achieved. The new products are suitable for 2-channel high-speed communication applications such as I/O interfaces with CAN [3] communications. Toshiba already mass produces 4-channel automotive standard digital isolators, and has now extended its product lineup to 2-channel small SOIC8-N packages. Going forward, the company will expand its range of channels and packages for automotive and industrial equipment. It will continue to provide high-quality isolation devices and photocouplers that support the reliability and real-time data transmission required by automotive equipment. [1] Test conditions: VDD1=VDD2=4.5 to 5.5V, VCM=1500V, T opr =-40 to 125°C [2] Test conditions: VDD1=VDD2=4.5 to 5.5V, T opr =-40 to 125°C [3] CAN (Controller Area Network): A serial communications standard, primarily used for automotive communication networks. Applications Automotive equipment Battery management system (BMS) Automotive on-board charger (OBC) Inverter control Features High common mode transient immunity: CMTI=100kV/μs (typ.) [1] High-speed data rate: t bps =50Mbps (max) [2] Low pulse width distortion: PWD=0.8ns (typ.) [2] 2-channel support (see Main Specifications for details on each device): One forward channel and one reverse channel; Two forward channels and no reverse channel Related information Application Notes Basics of the standard digital isolators Digital Isolator EMC Application Notes Glossary of Standard Digital Isolator terms Follow the links below for more on the new products. DCM321C00 DCM321D00 DCM320C00 DCM320D00 Follow the link below for more on Toshiba's standard digital isolators Standard Digital Isolators To check availability of the new products at online distributors, visit: DCM321C00 Buy Online DCM321D00 Buy Online DCM320C00 Buy Online DCM320D00 Buy Online * Company names, product names, and service names may be trademarks of their respective companies. * Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice. About Toshiba Electronic Devices & Storage Corporation Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products. Its 19,400 employees around the world share a determination to maximize product value, and to promote close collaboration with customers in the co-creation of value and new markets. The company looks forward to building and to contributing to a better future for people everywhere. Find out more at
