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CAN Technology Announces Strategic Restructuring, Focusing on Cryptocurrency Infrastructure and Bitcoin Mining Sector
Summary: According to reports, CAN Technology has announced the initiation of a strategic restructuring, with Chairman and CEO Zhang Nangeng stating a focus on cryptocurrency infrastructure and the Bitcoin mining sector, including Bitcoin mining machine sales, self-operated mining business, and consumer-oriented mining products. Additionally, CAN Technology disclosed that revenue from the sale of edge computing products ...
According to reports, CAN Technology has announced the initiation of a strategic restructuring, with Chairman and CEO Zhang Nangeng stating a focus on cryptocurrency infrastructure and the Bitcoin mining sector, including Bitcoin mining machine sales, self-operated mining business, and consumer-oriented mining products. Additionally, CAN Technology disclosed that revenue from the sale of edge computing products in the 2024 fiscal year amounted to approximately $900,000. Unaudited operating expenses related to this business accounted for about 15% of the company's total operating expenses in the 2024 fiscal year.
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Link: CAN Technology Announces Strategic Restructuring, Focusing on Cryptocurrency Infrastructure and Bitcoin Mining Sector [Copy]
