Bitcoin Mining Rig Maker Canaan Surges After Strong Results and Guidance

Bitcoin Mining Rig Maker Canaan Surges After Strong Results and Guidance

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Hangzhou, China-based Canaan (CAN), one of the industry’s largest manufacturers of crypto mining machines, saw its stock jump 16% in premarket action after reporting revenue of $342.8 million in the fourth quarter of 2021, an increase of more than 60% compared to the previous quarter.



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