Canaan Technology to discontinue its AI semiconductor business
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币界网报道：Listed mining machine manufacturer Canaan Inc. announced that it will stop its non-core AI semiconductor business to focus on core crypto-related businesses such as Bitcoin mining machine sales, self-operated mining and consumer mining products. Canaan said the adjustment is aimed at streamlining operations, improving capital efficiency and reducing non-core expenses. In fiscal 2024, the AI business revenue was only about US$900,000, but accounted for about 15% of operating expenses. [Wu said]
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