Canaan ( (CAN) ) just unveiled an update.
Canaan Inc. announced an expansion of its self-mining capabilities in North America through agreements with new partners in Pennsylvania and Texas, expected to add approximately 4.7 EH/s to its computing power by the second quarter of 2025. This strategic move aligns with Canaan’s goal to enhance its presence in the U.S. market, leveraging favorable regulatory policies and creating long-term value through partnerships with companies like Mawson Infrastructure Group Inc.
More about Canaan
Canaan Inc., established in 2013, is a technology company specializing in ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. The company is known for its pioneering work in ASIC technology for bitcoin mining machines and is listed on the Nasdaq Global Market.
YTD Price Performance: -51.35%
Average Trading Volume: 15,404,927
Technical Sentiment Signal: Strong Buy
Current Market Cap: $308.5M
Find detailed analytics on CAN stock on TipRanks’ Stock Analysis page.