Cryptonews.com
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19:36 Jun 23, 2025
Canaan has exited the AI chip market after costly misalignment with its goals, freeing resources for core Bitcoin-mining hardware. It has completed a US pilot production run of rigs to serve North American clients faster while monitoring tariffs and costs for future scaling. The post Bitcoin ASIC Manufacturer Canaan Drops AI Chips, Bets Big on U.S. Bitcoin Mining – Here’s Why appeared first on Cryptonews.