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Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. The Company also offers AI ASIC chip design services to its customers. It operates in two segments: IC Design Consulting and ASIC Chips Sales. Its IC solution products include chipset, application specific integrated circuits (ASIC), and underlying server I/O for the purpose of building solutions for cloud data centers and fixed network communications which support cryptocurrency mining applications.
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