Canaan Technology announced a strategic restructuring to focus on encryption infrastructure and Bitcoin mining.

2025-06-24 09:16:47

[Jiangnan Technology announces strategic restructuring, focusing on encryption infrastructure and Bitcoin mining] According to official news, Jiangnan Technology has announced the launch of a strategic restructuring. Its chairman and CEO, Zhang Nangen, stated that the company will focus on encryption infrastructure and Bitcoin mining, including Bitcoin Mining Rig sales, self-operated mining business, and consumer-oriented mining products. In addition, Jiangnan Technology disclosed that the revenue generated from the sale of Edge Computing products for the fiscal year 2024 is approximately $900,000. The unaudited operating expenses related to this business account for about 15% of the company’s total operating expenses for the fiscal year 2024.

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