Streetbeat News

CAN

Canaan Inc.

Industry

Computer Hardware

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.

Open

1.51

Mkt cap

452M

Volume

16M

High

1.68

P/E Ratio

-1.06

52-wk high

3.50

Low

1.43

Div yield

N/A

52-wk low

0.72

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

NeoGenomics, Inc. (NASDAQ:NEO) shares dropped 16.4% after losing a preliminary injunction in a patent lawsuit against its RaDar test. Other stocks also moved lower, including Calliditas Therapeutics, Wheels Up Experience, Hut 8 Corp, Iris Energy, Conduit Pharmaceuticals, Canaan Inc, Cipher Mining, Marathon Digital Holdings, Energy Fuels, Aspen Aerogels, and Riot Platforms, with various reasons such as FDA approvals, financial updates, and Bitcoin's pullback.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 3:53 pm

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:48 pm

Despite the Dow Jones index gaining around 40 points on Tuesday, several stocks recorded losses. ZIM Integrated Shipping Services, Luther Burbank Corporation, Qurate Retail, Teekay Tankers, Nordic American Tankers, Lexeo Therapeutics, Canaan Inc., B. Riley Financial, CleanSpark, and Marathon Digital Holdings all saw their share prices fall. The decline in Bitcoin's value contributed to the losses experienced by Canaan Inc., CleanSpark, Inc., and Marathon Digital Holdings, Inc.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 3:16 pm

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