The new venture is expected to increase revenue and "optimize" its product
Canaan shares have gained 230% so far in February.
The company's director of finance will serve as acting CFO.
The company says a "majority" of the ASICs are already deployed.
Delivery of the new machines is set to start in May.
Mining companies are soaring as bitcoin hits record highs.
Mining hardware manufacturer Canaan Creative reported a Q3 net loss of $12.7
million, or 54 cents per share, more than quadruple the size of Q2's $2.38
million loss, or 10 cents per share.