Filecoin Foundation Unveils Decentralized Cloud; Canaan Reports Strong Earnings with Record Bitcoin Holdings

Filecoin Foundation Unveils Decentralized Cloud; Canaan Reports Strong Earnings with Record Bitcoin Holdings

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The Filecoin Foundation and FilOz have launched a decentralized cloud solution aimed at building more resilient and customizable applications, coinciding with a major Cloudflare outage. Meanwhile, Canaan Technology saw its shares rise significantly following a turnaround in gross profit, doubled revenue, and a reported increase in its bitcoin holdings, attributing its strong Q4 outlook to new A16 bitcoin mining hardware and North American expansion.

The public launch coincided with a major Cloudflare outage on Tuesday that has brought down key crypto frontends.

Canaan is leaning on new A16 bitcoin mining hardware and North American expansion to support a stronger Q4 outlook.