Today's Latest Price: $2.18 USD

0.23 (11.79%)

Updated Oct 30 4:00pm

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Ranked of 30 in Technology - Hardware

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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.

Which 5 cloud startup categories are the hottest?

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 […]

TechCrunch | September 17, 2020

Miner Hardware Maker Canaan Announced $10 Million worth Share Buyback

Cryptocurrency mining maker company Canaan Creative recently announced a share buyback worth $10 million. The NASDAQ-listed company’s shares

InsideBitcoins | September 9, 2020

Canaan +10% on $10M share buyback program

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....

Seeking Alpha | September 8, 2020

Bitcoin Mining Company Spending $10M to Buy Back Shares - Decrypt

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.

Decrypt | September 8, 2020

Bitcoin Mining Equipment Maker Canaan Sets $10M Buyback Program - CoinDesk

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.

CoinDesk | September 8, 2020

Chinese mining giant Canaan announces $10 million share buyback

Canaan will try to drive up its Nasdaq-listed stock from the $2 price mark.

Cointelegraph | September 8, 2020

Quick Take On The Second-Quarter Results Of Canaan Inc.

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...

KGR Ventures on Seeking Alpha | September 7, 2020

Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak

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 . News | September 3, 2020

Blockchain Bites: Patoshi's Patterns, Canaan's Losses, DeFi's 'Weird' Moment - CoinDesk

Decentralized exchange volumes climb for a third straight month, Tezos settled a class action and Coinbase added a16z and DoorDash executives to its board.

CoinDesk | September 1, 2020

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

FXNews24 | September 1, 2020

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