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Canaan
2026-09-08 15:29:20

Canaan Reports Q2 Revenue of $31.9M with $97.6M Net Loss, Bitcoin Reserves Reach 1,915 BTC

Canaan Inc. (NASDAQ: CAN) released its unaudited financial results for the three months ended June 30, 2026. Total Q2 revenue came in at $31.9 million, down sharply from $62.7 million in Q1 and $100.2 million in the year-ago quarter. The company posted a net loss of $97.6 million and a non-GAAP adjusted EBITDA loss of $74.9 million. Self-operated mining hashrate reached 10.05 EH/s, up 23.3% year-over-year, producing 243 BTC during the quarter. Crypto reserves stood at 1,915 BTC and 3,952 ETH. The company had repurchased approximately 16.4 million ADSs for a total of $7.4 million as of September 8, 2026.

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Canaan Reports Q2 Revenue of $31.9M with $97.6M Net Loss, Bitcoin Reserves Reach 1,915 BTC
DATs
2026-09-01 18:15:35

Market Cap of Digital Asset Treasury Companies Rises 10% to $340B, Still Below Peak

According to The Block data, the cumulative market capitalization of Digital Asset Treasury Companies (DATs) has risen 10% since mid-August, reaching approximately $340 billion. This remains well below the $490 billion peak recorded when Bitcoin hit an all-time high of around $126,000 in October-November last year. These companies buy and hold cryptocurrencies, raise funds at a premium, and use leverage to accumulate more tokens, with investors betting on amplified returns of the underlying assets.

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Market Cap of Digital Asset Treasury Companies Rises 10% to $340B, Still Below Peak
Bitcoin
2026-08-27 16:17:28

CZ Says Bitcoin Could Surpass Gold in the Next Bull Run

Binance founder Changpeng Zhao told a conference audience in Hong Kong that Bitcoin could overtake gold as soon as the next bull run, arguing that the main barrier is institutional rather than technical. Speaking during a Bitcoin Asia session titled "The Bitcoin Century," Zhao said countries already have long-established systems for valuing and holding gold, and replacing those frameworks will take time. He added that the market value gap between gold and Bitcoin has narrowed to roughly tenfold. Zhao also said he regularly advises governments to build crypto reserves. His suggested framework is to exclude stablecoins, take the five largest remaining cryptocurrencies, and weight them by market capitalization—an approach he said would result in roughly 50% Bitcoin, 10% to 20% Ethereum, and an allocation to BNB. On AI, Zhao said he expects agents to transact in crypto, beginning with stablecoins, and that trading is likely to adopt AI faster than payments because reacting to information and news at speed creates a larger efficiency gain. He also discussed capital demands facing top AI companies, saying 1 gigawatt of compute can cost $30 billion to $50 billion, with some firms seeking hundreds of gigawatts in coming years. Zhao closed by saying Bitcoin reaching $1 million would be "a good thing" and would happen in less than 25 years, though he added utility matters more than price.

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CZ Says Bitcoin Could Surpass Gold in the Next Bull Run
CZ
2026-08-27 07:33:20

CZ says global crypto compliance is advancing despite a slow and uneven path

Binance founder Changpeng Zhao, widely known as CZ, said at the Bitcoin Asia 2026 conference that global crypto adoption at the regulatory level remains difficult, with only a small number of countries having formal frameworks in place. He said some government officials understand Bitcoin, but they are still in the minority in many jurisdictions, especially where older leadership tends to move more slowly on new technologies and consumes traditional media that often portrays crypto negatively. Still, CZ said he has seen a clear shift. According to his remarks, political leaders and policymakers in many countries are increasingly acknowledging that crypto is a new technology they cannot ignore. He said current policy discussions often center on centralized exchanges and, in many countries, stablecoins as well. He added that some governments are also considering crypto reserves, domestic stablecoin issuance, and putting national currencies onchain to capture and improve liquidity in their own currencies. Beyond stocks and traditional financial instruments, he said tokenized assets such as rare earths, real estate, cultural artworks, and intellectual property are also drawing growing interest from countries looking to attract capital or broaden access to local assets.

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CZ says global crypto compliance is advancing despite a slow and uneven path
Kazakhstan
2026-07-23 03:07:32

Kazakhstan approves strategic digital mining rules tied to national crypto reserves

Kazakhstan has approved rules for what it calls strategic digital mining, linking the program directly to the buildout of a national crypto reserve. Under the new framework, eligible companies can receive electricity allocations at a capped tariff for as long as 10 years. In return, participating miners must transfer part of the crypto assets they produce to the Astana Hub autonomous cluster fund. Those assets will then be placed under the entrusted management of a national investment company operating under the National Bank of Kazakhstan and used to strengthen the country’s strategic crypto reserves. The rules also lay out a formal application path. Mining companies must apply through the E-licensing system, obtain approval from a dedicated commission, sign an agreement with Astana Hub within five working days, and conclude a power purchase contract with a generating company before joining the program.

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Kazakhstan approves strategic digital mining rules tied to national crypto reserves