Streetbeat News

CAN

Canaan Inc.

Industry

Computer Hardware

Canaan Inc. engages in the research, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of artificial intelligence products, as well as mining business. The company has operations in the United States, Australia, Kazakhstan, Canada, Indonesia, Mainland China, Malaysia, Thailand, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.

Open

1.08

Mkt cap

304M

Volume

8.2M

High

1.13

P/E Ratio

-0.81

52-wk high

3.27

Low

1.07

Div yield

N/A

52-wk low

0.72

Canaan Inc. (CAN) has secured follow-on purchase orders for over 17,000 Bitcoin mining machines from Cipher Mining Inc. (CIFR) and Stronghold Digital Mining, Inc. (SDIG). Cipher's JV entities bought 16,700 A1466 model Avalon Miners, while Stronghold purchased 1,100 A1346 model Avalon Miners. Both companies have previously installed Canaan's machines at their facilities, and the new orders will be delivered in 2024. The CEOs of Canaan, Cipher, and Stronghold expressed positive sentiments about the partnerships and the performance of Canaan's mining technology.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:35 pm

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:17 pm

LumiraDx Limited (NASDAQ:LMDX) shares dropped by 20% in pre-market trading following the announcement of selling its point-of-care technology platform to Roche. Other stocks experienced significant movements in pre-market trading, with various companies listed as gainers and losers based on their recent performance and news.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 1:08 pm

In Tuesday's pre-market session, several information technology stocks showed significant movement. Gainers included Signing Day Sports (SGN), TeraWulf (WULF), Canaan (CAN), Marathon Digital Holdings (MARA), BTCS (BTCS), and Bit Origin (BTOG), with increases ranging from 13.73% to 32.7%. Conversely, Alpine 4 Holdings (ALPP), Oblong (OBLG), ARB IOT Group (ARBB), MMTEC (MTC), and Applied Optoelectronics (AAOI) experienced declines between 4.25% and 26.5%.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 1:05 pm

Several cryptocurrency-related stocks are experiencing gains in Tuesday's pre-market session, attributed to the strength in Bitcoin. Companies like Marathon Digital Holdings, HIVE Digital Technologies, and others have seen their share prices increase. The overall U.S. stock futures, however, were slightly lower, with Dow Jones futures down about 10 points.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 10:56 am

Fisker Inc. (NYSE:FSR) shares surged over 20% after the company reported a 300% increase in deliveries from Q3 to Q4, with total deliveries around 4,700, primarily of the Fisker Ocean One launch edition. Other stocks also showed significant movement in Friday's mid-day session, with notable gainers and losers across various sectors.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 6:03 pm

Whale activity in the Information Technology sector has been detected, indicating large transactions in options for several companies. The activity includes both bullish and bearish sentiments for different stocks, with varying expiration dates and strike prices. Notable transactions were observed for CAN, MARA, MSFT, CIFR, NVDA, RIOT, AMD, INTC, MSTR, and CLSK. The details of the transactions, such as the type of option (CALL or PUT), sentiment, expiration date, strike price, total trade price, open interest, and volume, provide insights into potential market movements.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 5:35 pm

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 4:48 pm

Global Mofy Metaverse Limited (GMM) shares plummeted by 37.2% after announcing a $10 million follow-on offering. Other stocks also experienced declines, including Canaan Inc., Bitdeer Technologies Group, TeraWulf Inc., Applied Optoelectronics, Inc., and several others. Notably, Hut 8 Corp. received court approval to proceed with mining operations amid Celsius Network's bankruptcy, and Coinbase Global's director sold over 100k shares. Lyft shares dropped after a Nomura downgrade and insider selling by the CAO.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 3:45 pm

FLJ Group Limited's shares soared 94.8% in pre-market trading after completing a $180 million cash purchase of Alpha Mind Technology and terminating an equity acquisition agreement with Lianlian Holdings Inc. Other stocks such as Oculis Holding AG, Cipher Mining Inc., Coherus BioSciences, Inc., AMTD Digital Inc., Rexford Industrial Realty, Inc., Bit Digital, Inc., Cronos Group Inc., and Canaan Inc. also saw gains in pre-market trading.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 10:40 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.