Bitdeer, Canaan Mint Hedges Against Crypto Volatility In AI

News Snapshot:

BlackJack3D What do you do with your business model after the latest hot trend in cryptocurrencies goes cold? You turn to the next hot area, in this case artificial intelligence ('AI'). At least that’s the latest approach coming from two of the crypto-related companies we follow, Canaan Inc. (CAN) and Bitdeer Technologies Holding Co. (BTDR). After getting burned by gyrations in digital asset prices, the latest forays by each of these companies looks reasonably prudent. Such moves may even look relatively moderate compared with drastic business transformations many Chinese ventures often undergo when their original businesses come under fire. Last...