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Latest CAN News From Around the Web
Below are the latest news stories about Canaan Inc that investors may wish to consider to help them evaluate CAN as an investment opportunity.
Hello from the midst of Disrupt 2020: after this short piece for you I am wrapping my prep for a panel with investors from Bessemer, a16z, and Canaan about the future of SaaS. Luckily, The Exchange this morning is on a very similar topic. The Exchange explores startups, markets and money. Read it every morning on […]
Cryptocurrency mining maker company Canaan Creative recently announced a share buyback worth $10 million. The NASDAQ-listed company’s shares
Canaan (CAN) +10% to repurchase up to $10M of its outstanding American depositary shares each representing 15 Class A ordinary shares, and/or Class A ordinary shares.The company plans to fund the repurchases from its existing cash balance and will run from September 22 until the next 12 months....
China-based Canaan raked in $90 million from a 2019 IPO in the US. Now, it's using its capital to buy back shares while the price is near a historical low.
Listed on the Nasdaq exchange last year, Canaan's board of directors has approved a share repurchase program of about 3.3% of its outstanding shares.
Canaan will try to drive up its Nasdaq-listed stock from the $2 price mark.
Investment Thesis During the second quarter of 2020, Canaan Inc. (CAN) benefitted from a favorable Bitcoin price and surging demand for mining machines post halving, which more than offset the negative impact of COVID-19. CAN stock price reaction was muted on the earnings announcement, and the valuation gap versus Bitcoin...
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three […] The post Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak appeared first on Bitcoin News .
Decentralized exchange volumes climb for a third straight month, Tezos settled a class action and Coinbase added a16z and DoorDash executives to its board.
FXNEWS24 |Blockchain Bites: Patoshi's Patterns, Canaan's Losses, DeFi's 'Weird' Moment | UK Forex Reviews
Blockchain Bites: Patoshi's Patterns, Canaan's Losses, DeFi's 'Weird' Moment | UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News