Canaan Inc. reported a record 11% year-on-year improvement in its North American bitcoin mining fleet efficiency, reaching 17.9 J/TH in May 2026. The company mined 90 BTC from its self-mining operations and holds a cryptocurrency treasury of 1,867 BTC and 3,952 ETH. Despite wildfire disruptions at a joint venture site, production remained strong, and restoration is underway. Canaan also expanded its hash-to-heat technology in the Nordic region, demonstrating new uses for its mining infrastructure beyond bitcoin mining, positioning itself for growth in energy-efficient computing and AI demand.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
