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Canaan ( (CAN) ) just unveiled an announcement.
In February 2025, Canaan Inc. reported significant progress in its bitcoin mining operations for January 2025, expanding its customer base, launching new consumer products, and enhancing its self-mining capacity. The company increased its bitcoin holdings and achieved higher hash rates, while maintaining competitive power costs. Canaan introduced innovative home bitcoin mining products at CES 2025, aimed at democratizing cryptocurrency mining.
More about Canaan
Canaan Inc., established in 2013, is a technology company specializing in ASIC high-performance computing, chip design, and development, along with computing equipment production and software services. The company is recognized for its expertise in ASIC technology for cryptocurrency mining, marked by the launch of the first ASIC-powered bitcoin mining machines. Canaan went public on the Nasdaq Global Market in 2019.
YTD Price Performance: -19.37%
Average Trading Volume: 19,834,583
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $478.8M
For a thorough assessment of CAN stock, go to TipRanks’ Stock Analysis page.
