Canaan, a Bitcoin mining equipment maker, announced a $20 million initial share buyback under a $100 million authorization after its mining machine revenue fell 96% year-over-year to $4.8 million in Q3. The company plans to fund the buyback using cash and proceeds from cryptocurrency sales, having already sold $13.9 million worth of Bitcoin and Ethereum. Despite a $42.9 million operating loss, Canaan reported an $8 million net profit due to gains from cryptocurrency holdings. The company is also advancing energy projects in Texas and plans a reverse stock split to improve its share structure.
Canaan's recent financial moves come amid a cryptocurrency market where 14 of 50 major cryptocurrencies traded on Pluang rose while 35 fell as of Nov 12, 2026, 15:11 WIB. Notable price changes include ONE (Harmony) up 7.13% at Rp31 with a typical hold time of 153 days and Pluang order activity showing 41% Sell / 59% Buy, AAVE (Aave) down 4.72% at Rp2,120,151 with 36% Sell / 64% Buy, and UNI (Uniswap) down 4.06% at Rp111,664 with 75% Sell / 25% Buy. This market snapshot provides context for readers following Canaan's developments.
Conow, a digital energy ecosystem brand developed with Tuya Smart, is launching a major Black Friday sale from November 7 to December 5, 2026, in Germany. The promotion includes discounts on its award-winning Atlas 6000 AC energy storage system and o...
Diversified Energy PLC repurchased 596,358 of its common shares between November 5 and 11, 2026, at a volume-weighted average price of $13.2454 per share. These shares will be cancelled, reducing the total shares outstanding to 70,122,642. This buyba...
FLSmidth has introduced its Accelerate '31 strategy aimed at driving profitable growth, margin expansion, and improved cash conversion by 2029. The plan focuses on expanding commercial coverage to the top 1,000 mines globally, growing its service net...
Space42 reported an 11% increase in revenues to USD 404 million and a 30% rise in normalized EBITDA to USD 194 million for the first nine months of 2026. Growth was driven by strong performances in both Space Services, boosted by a major government c...
YYForce Inc. has issued a revenue guidance of $70 million for the fiscal year ending December 31, 2026, representing an approximate 22% increase from the audited $57.2 million revenue in fiscal 2025. This growth is attributed to rising demand for its...
