币界网报道：Canaan Inc., the Singapore-based Bitcoin mining hardware manufacturer, announced it will phase out its AI semiconductor business to concentrate on core crypto operations, citing misalignment with long-term strategy. The AI unit generated only $900,000 revenue in 2024 (1% of total $88.8M) while consuming 15% of operating costs. CEO Nangeng Zhang stated refocusing on crypto infrastructure and Bitcoin mining represents the most strategic path forward. The company had explored divestment options since March 2022 and expects significant cost reductions after completing the wind-down in coming months. Canaan, known for its Avalon miners and 2019 Nasdaq listing, abandons its multi-year edge computing diversification effort amid the industry's renewed focus on U.S.-based mining operations post-election. Shares declined slightly Monday amid broader market gains, continuing a 71% year-to-date drop that outpaces the 20% decline in Bitcoin mining ETFs.