Finally starting to become formalized

According to reports by Wu, Canaan Creative has announced the cessation of its non-core AI semiconductor business to focus on Bitcoin mining machine sales, self-mining, and consumer mining products. This move aims to streamline operations, improve capital efficiency, and reduce non-core expenditures. In the fiscal year 2024, AI business revenue is only about $900,000, yet it accounts for approximately 15% of operating expenses.