Come meet Canaan, Learn about our Announcements
In addition to announcing the acquisition of ProofOfExistence.com, an Investment round of $43 Million USD to support growth and an updated price for AvalonMiner A741 @ $714, Canaan will be at Consensus 2017 in New York City, Monday May 22 until Wednesday May 24. Find one of us Canaanites wearing a Canaan blue t-shirt and get lucky with a free shirt from us while they last 🙂
Also, for members of the press we will be in a specific Canaan media suite on Monday, May 22 and Tuesday, May 23 from 10 am to 6 pm at the New York Marriott Marquis (4th – 7th Floors), 1535 Broadway New York, NY 10036.
See you at #Consensus2017!
Canaan acquires blockchain services company Proof-of-existence #growtheblockchain
HONG KONG, May 21, 2017 – Canaan.io the Hong Kong based subsidiary of Canaan-Creative announced that it has acquired Proof-of-Existence from Manuel Araoz and retained the founder as an advisor on future product developments and other blockchain related services. Proof-of-Existence was launched 4 years ago on May 21, 2013. It has processed thousands of documents supplying customers with immutable proof of existence for their assets.
Canaan, known for it’s ASIC design and manufacturing expertise has recently closed a round of financing for $43 Million to support its upcoming 7nm designs and to enter the AI market with its first Knowledge Processing Unit (KPU). The Proof-of-Existence acquisition signals the company’s intention to include blockchain services in its growing product portfolio.
Xiangfu Liu, co-founder of Canaan, said “The blockchain space offers us opportunities on the hardware side and on the services side. We make the hardware that secures the blockchain; and now with the acquisition of Proof-of-Existence, we will also build services on top of the tamper proof features of the blockchain.” As a part of the acquisition, Araoz has agreed to continue on and advise the company in improvements to the product as well as other software services. The agreement ensures that there will be no interruptions in services and no changes in the API.
As Araoz explains, “I’m really happy to close this deal with Canaan. First and foremost because they understand blockchain technology. They’ve been around for years, and they expend hard dollars to build the chips that secure the blockchain. I’m looking forward to enhancing the product, and exploring other blockchain services.”
Founded in 2013, Canaan (Canaan Creative) is the worldwide leader in producing Blockchain servers and designing ASIC microprocessor solutions . Canaan products are sold globally. From the very first SHA-256 based upon FPGA technology to the Avalon Blockchain ASIC, Canaan continues to innovate by producing custom designed ASIC microprocessors.
Canaan.io operates global sales and marketing from Hong Kong.
FOR IMMEDIATE RELEASE
Beijing, September 29, 2016 — Canaan today announced that is 100% focused on growing and building innovations for customers. In June 2016 Canaan announced it had received an offer to be acquired by Chinese electronics manufacturer, Luyitong (LYT) as an opportunity to receive resources to accelerate growth. Canaan received news from the Shenzhen Stock Exchange that the LYT acquisition deal would take substantially more administrative work and time to move forward. Today, Canaan announced from www.canaan.io its decision to choose innovation over acquisition.
“Canaan takes all opportunities seriously that will improve the strength of our company,” said Canaan CEO, N.G. Zhang. “Today’s choice proves that Canaan is a global innovator. While Canaan spent time and resources pulling together this deal, those efforts are not wasted. They are contributions to our future. Internally Canaan strengthened its management structure, refreshed our public image, and have our product pipelines flowing to deliver solid reliable and efficient bitcoin technology solutions worldwide.”
Canaan’s CEO renewed the company’s committment to the world that it is focused on “growing the blockchain” and “keeping the faith” in bitcoin. Also, Mr Zhang wrote, “Canaan is now three years old. We are a 100 person team that has outlasted several competitors. We cannot stop pushing innovation forward or be distracted with anything less than bringing the best high quality products with the best service to the world. You will hear from us very soon…”
Founded in 2013, Canaan (Canaan Creative) is the worldwide leader in producing Blockchain servers and designing ASIC microprocessor solutions. Canaan products are sold globally. From the very first SHA-256 based upon FPGA technology to the Avalon Blockchain ASIC, Canaan continues to innovate by producing custom designed ASIC microprocessors. With the efforts of its highly skilled development team, Canaan strives to bring in new thoughts to the area of advanced technology ASIC processors and beyond.
For more information
Yes, Canaan is being acquired. We are committed to bringing your more innovations…
Hello World! We are Canaan. Yes, it is true. Canaan is being acquired by LYT, an electronics company. This deal is a vote of confidence in the three years of products and services we invented and released. This acquisition and investment provides us the necessary resources and autonomy to make even better products and innovations that our customers expect. Canaan’s expertise as an integrated circuit (IC) design company is strengthened.
These are big times for the blockchain, technology and innovation in the world. Amazingly, Canaan is based in Beijing, not Silicon Valley. We are a growing team of 100 working hard to bring great products and services to support people. We, like many of you, believe strongly in Open Source, the Decentralized Web, trying new things, building our families, eating good food, being healthy and making the world a better place.
I am N.G. Zhang, pronounced EN-GEE-JON-G, the founder and CEO of Canaan Creative. I am known for my fun technology projects which eventually led to making the repetition ASIC chips, blockchain hardware computers all the way up to our successful Avalon6 product. And, we are not finished! We have new products and innovations coming, deeper than integrated circuits and beyond the blockchain.
Do you have any questions about Canaan? Are you interested in writing a story about the Avalon product line? This is an invitation to journalists, technologists and enthusiasts to please write to us at firstname.lastname@example.org. Also, keep reading here for the latest updates, and follow us on twitter. Let’s work together to Grow the Blockchain.