Canaan Inc.

Canaan, Inc. provides computing solutions to solve problems. Currently, the firm is focused on the research and development of technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. It also provides a suite of AI service solutions. The company was founded by Li Jia Xuan, Liu Xiang Fu and Zhang Nan Geng in 2013 and is headquartered in Beijing, China.

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Canaan Inc. Q1 2023 Sees Revival in Bitcoin Mining Demand

Canaan Inc. Q1 2023 reflects a resilient performance in the bitcoin mining industry, with a focus on innovation, global expansion, and financial stability. Despite ongoing challenges, the company is well-positioned to capitalize on opportunities for revenue growth and market share expansion.

Canaan Inc. reports record high mining revenue in Q2 2023

Canaan Inc. reported strong financial performance in Q2 2023, with record high mining revenue and increased total revenue. The company remains committed to R&D, product diversification, and global sales expansion despite challenges in Bitcoin price trends and mining difficulty. While facing inventory write-downs, Canaan Inc. maintains a focus on operational efficiency and cost management.

CAN reports resilient Q3 performance amidst Bitcoin price decline

CAN's Q3 performance reflects resilience amid market challenges, with total revenue exceeding guidance. The company's proactive approach to funding R&D expansion and the announcement of future contracts for mining machines indicate a focus on long-term growth. However, the impact of declining Bitcoin prices and the need for operational efficiency are key considerations.

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Canaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. It focuses on the development of green mining. The company was founded by Jia Xuan Li, Xiang Fu Liu and Nan Geng Zhang in 2013 and is headquartered in Singapore.

RADNOR, Pa., May 3, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) ("Canaan") on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021 , inclusive (the "Class Period").

Important Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Canaan Inc. Investors of Deadline in Securities Fraud Class Action Lawsuit

Canaan stock looks very cheap as a Bitcoin mining equipment maker. CAN stock is worth $16.99, or at least 32% more, based on company forecasts and a 10 times forward P/S multiple.

Buy Cheap Cryptocurrency Miner Canaan Stock Before It Climbs To $17

NEW YORK--(BUSINESS WIRE)-- #CANstock--The suit alleges defendants issued false statements concerning Canaan business and prospects, resulting in its stock trading at inflated prices.

Robbins Geller Rudman & Dowd LLP Announces Lead Plaintiff Deadline in the Canaan Inc. Class Action Lawsuit

Radnor, Pennsylvania--(Newsfile Corp. - May 1, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Canaan Inc. (NASDAQ: CAN) ("Canaan") that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021, inclusive (the "Class Period").Investor Deadline Reminder: Investors who purchased or acquired Canaan ADRs during the...

Kessler Topaz Meltzer & Check, LLP Reminds Canaan Inc. Investors of Important Deadline in Securities Fraud Class Action Lawsuit

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Canaan Inc. (NASDAQ: CAN) between February 10, 2021 and April 9, 2021, inclusive (the “Class Period”), of the important June 14, 2021 lead plaintiff deadline. SO WHAT: If you purchased Canaan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To joi

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Canaan Inc. Investors with Losses to Secure Counsel Before Important Deadline – CAN

Marathon Digital Holdings

Riot Blockchain

Shares of several stocks with cryptocurrency exposure such as Marathon Digital Holdings, Inc. (NASDAQ:MARA), Riot Blockchain, Inc. (NASDAQ:RIOT) and Canaan Inc. (NASDAQ:CAN) are trading higher amid an increase in the price of Bitcoin. Bitcoin-related stocks have been extremely volatile recently as the stocks continue to move in sympathy with bitcoin.

Why Bitcoin-Related Stocks Are Trading Higher Again Today

New York, New York--(Newsfile Corp. - April 30, 2021) - Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Canaan Inc. ("Canaan" or "the Company") (NASDAQ: CAN) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Canaan securities between February 10, 2021 and April 9, 2021, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the...

CAN Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Canaan Inc. Investors of Class Action and Encourages Investors to Contact the Firm

The stock price of Canaan Inc. (Nasdaq: CAN) fell 10.45% as it went from a previous close of $14.54 to $13.02 today. This is why it happened.

CAN Stock: From $14.54 To $13.02 Explanation

Radnor, Pennsylvania--(Newsfile Corp. - April 29, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Canaan Inc. (NASDAQ: CAN) ("Canaan") that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021, inclusive (the "Class Period").Investor Deadline Reminder: Investors who purchased or acquired Canaan ADRs during the Class...

CAN EQUITY ALERT: Kessler Topaz Meltzer & Check, LLP Announces that a Securities Fraud Class Action Lawsuit was filed on Behalf of Investors of Canaan Inc.

The company is doing a stock offering to raise cash.

Why Canaan Stock Was Crushed Today

BEIJING, April 29, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of approximately $170.0 million of its American Depositary Shares (“ADS”), each ADS representing 15 Class A ordinary shares of the Company, par value US$0.00000005 per share (the “Class A Ordinary Shares”), or US$12.60 per ADS. The Company has also agreed to issue to the investors warrants (the “Warrants”) to purchase up to an aggregate of 4,047,620 ADSs (representing 60,714,300 Class A Ordinary Shares), at an exercise price of $16.38 per ADS, which Warrants will have a term of three years from the date of issuance. The offering is expected to close on or about May 3, 2021, subject to customary closing conditions.

Canaan Announces Entry into Agreement for Registered Direct Placement of Approximately US$170.0 Million of its ADSs and Warrants

BEIJING, April 28, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has entered into a long-term strategic partnership with Genesis Digital Assets Limited (“Genesis Digital Assets”) and secured a purchase order (the “Order”) from Genesis Digital Assets valued at up to US$93.63 million. As part of the Order, Canaan will deliver its A1246 AvalonMiner mining machines to Genesis Digital Assets throughout 2021, adding 117MW in next-generation Bitcoin computing capacity to Genesis Digital Assets' current capacity of 140MW.

Canaan Announces Order for Bitcoin Mining Machines of up to US$93.63 Million via Long-term Partnership with Genesis Digital Assets

RADNOR, Pa., April 27, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) ("Canaan") on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021 , inclusive (the "Class Period").

Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Canaan Inc. (CAN)

NEW YORK--(BUSINESS WIRE)--Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Canaan Inc. ("Canaan" or "the Company") (NASDAQ: CAN) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Canaan securities between February 10, 2021 and April 9, 2021, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.c

CAN Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Canaan Inc. Shareholders of Class Action and Encourages Investors to Contact the Firm

BlackBerry

Express

The stocks of Canaan Inc. (NASDAQ:CAN), BlackBerry Limited (NYSE:BB), and Express, Inc. (NYSE:EXPR) are all trading below important resistance levels. This could keep a top on their prices.

3 Popular Reddit Stocks With Bearish Charts

NEW YORK, April 26, 2021 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Canaan Inc. (NASDAQ: CAN) between February 10, 2021 and April 9, 2021, inclusive (the "Class Period"), of the important June 14, 2021 lead plaintiff deadline. SO WHAT: If you purchased Canaan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Canaan Inc. Investors with Losses Exceeding $100K to Secure Counsel Before Important Deadline - CAN

Radnor, Pennsylvania--(Newsfile Corp. - April 23, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) ("Canaan") on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021, inclusive (the "Class Period").Investor...

Class Action Alert: Kessler Topaz Meltzer & Check, LLP Reminds CAN Investors for Securities Fraud Class Action Lawsuit

NEW YORK, April 23, 2021 /PRNewswire/ --  Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Canaan, Inc. (NASDAQ: CAN) American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021, inclusive (the "Class Period"). All investors who purchased the ADR's of Canaan, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com  or (800) 575-0735 or (212) 545-4774.

CANAAN, INC. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan, Inc.

Computing solutions provider, Canaan Inc (NASDAQ: CAN), has partnered with Cathay Tri-Tech, Inc to introduce Canaan's AI facial recognition module, which utilized its Kendryte K210 AI chip to the Japanese market. Canaan's international customer base now encompassed the U.S., Japan, South Korea, Germany, Israel, and other countries under the arrangement.

Canaan, Cathay Tri-Tech Partner To Introduce AI Facial Recognition Module In Japan

BEIJING, April 23, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has entered into a partnership (the “Partnership”) with Cathay Tri-Tech., Inc. (“Cathey”) to introduce its AI facial recognition module, which utilizes its Kendryte K210 AI chip, to the Japanese market. Since establishing the partnership, Canaan's international customer base now covers the United States, Japan, South Korea, Germany, Israel, and other countries across the globe.

Canaan Announces Partnership with Cathay to Launch AI Facial Recognition Module and AI Chip in Japan

RADNOR, Pa., April 22, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ:  CAN) ("Canaan") on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021 , inclusive (the "Class Period").

Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Canaan Inc.

BEIJING, April 22, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it entered into a contract to provide 11,760 bitcoin mining machines to Mawson Infrastructure Group Inc. (“Mawson”). Under the contract, Canaan will ship and install its A1246 ASIC AvalonMiners throughout 2021, adding a total of 1.05EH to Mawson's global mining operations.

Canaan Announces Significant Customer Order of 11,760 Bitcoin Mining Machines

Cryptocurrency stocks are recovering today, but Canaan did have some good news to report.

Why Canaan Stock Spiked Higher Today

SAN DIEGO & HANGZHOU, China--(BUSINESS WIRE)---- $CAN #ClassAction--Shareholder rights law firm Robbins LLP announces that a purchaser of Canaan Inc. (NASDAQ: CAN) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities Exchange Act of 1934 between February 10, 2021 and April 9, 2021. Canaan designs, manufactures and sells bitcoin mining machines, primarily in the People's Republic of China. If you suffered a loss due to Canaan Inc.'s misconduct, cli

SHAREHOLDER ALERT: Robbins LLP Announces That Canaan Inc. (CAN) is Being Sued for Misleading Shareholders

LOS ANGELES--(BUSINESS WIRE)---- $CAN #CLASSACTION--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Canaan Inc. (“Canaan” or the “Company”) (NASDAQ: CAN) American Depositary Receipts (“ADRs”) between February 10, 2021 and April 9, 2021, inclusive (the “Class Period”). Canaan investors have until June 14, 2021 to file a lead plaintiff motion. If you suffered a loss o

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Canaan Inc. (CAN) Investors

News for Canaan Inc. Stock (CAN)