Canaan Technology has announced a strategic reorganization to concentrate on crypto infrastructure and Bitcoin mining. Chairman and CEO Zhang Nangeng outlined plans to enhance focus on Bitcoin mining machine sales, self-operated mining operations, and consumer-oriented mining products. The company also revealed that revenue from edge computing products reached approximately $900,000 in fiscal 2024, with related operating expenses comprising about 15% of total operating costs for the year. This shift underscores Canaan's commitment to strengthening its position in the cryptocurrency sector.