Canaan Inc. reported mining 109 bitcoins in the month of May. Now holding 1,466 BTC.

The mining hardware manufacturer has launched pilot production in the United States while withdrawing from the artificial intelligence chip market.

Canaan adopts Bitcoin as its primary reserve asset, aiming to hedge against inflation and strengthen its balance sheet with 1,484 BTC.

The Canaan Avalon Nano 3S brings Bitcoin mining to your home with improved performance, lower noise, and easy setup. While not as cheap as its predecessor, it delivers better efficiency, a useful display, and reliable operation, making it ideal for hobbyists…