canaan

Shares of Canaan Inc., a Singapore-based company that’s already on the Nasdaq, could rise at least five times, an analyst predicted. The company, which makes ASIC chips used for mining Bitcoin and is expanding its own self-mining operations, has seen its stock struggle recently. Despite this, even in the midst...

MetaBlock X welcomes you to a strategic analysis of Canaan Inc. (CAN), a key player in the cryptocurrency mining sector. Recently, Benchmark started covering Canaan and assigned a “Buy” rating. They established a price target of $3, suggesting a future $15 upside from the shares’ today’s stock of $0.60. With...

Canaan, the second largest manufacturer of ASICs like these, wants you to mine Bitcoin from the basement. Sounds great, right? Picture this—earning passive income from the comforts of your own home while powering the decentralized revolution. Stop right there, don’t go home and order a bitcoin mining rig just yet....

So Benchmark’s slapping a “Buy” rating and a 5X price target on Canaan (CAN) seems, um, premature at best. Particularly at a time when the crypto ecosystem just emerged from an historically tough crypto winter, and other experts like Cowen and Company are downgrading rivals like MARA. Creative brilliance in...

Canaan, a name long synonymous with the rise of crypto mining hardware, is at something of an inflection point. Their Bitcoin mining pivot in recent months seems the most like a play to shore up consistent revenue. In reality, it sounds like a losing, last gasp shot in the dark....

Canaan Inc., a company named after the biblical Promised Land and listed on the stock market as CAN.US, is ramping up its bitcoin mining operations. According to the Denver-based company’s most recent monthly report, the company minted a total of 90 bitcoins during the month of March. This is a...

Canaan. The name itself evokes biblical promise, a land of milk and honey. However, for the crypto mining machine maker, that promised land appears to be still far off. In short, Canaan found itself between a halving and a hard place. Its very aggressive decision to bet heavily on Bitcoin...