About Canaan Inc. - American Depositary Shares (CAN)
Canaan Inc is a technology company primarily focused on the design and development of high-performance computing solutions, particularly in the field of blockchain technology. The company is best known for its innovative ASIC (Application-Specific Integrated Circuit) hardware, which is utilized for cryptocurrency mining. By leveraging cutting-edge technology and engineering expertise, Canaan aims to enhance operational efficiencies in blockchain networks, catering to the growing demand for computational power within the digital currency ecosystem. In addition to mining hardware, Canaan is also exploring diverse applications of its technology in various sectors, positioning itself as a key player in the evolving landscape of digital assets and blockchain innovation. Read More
While the unsolicited acquisition bid from Mobix Labs has placed Peraso Inc. (NASDAQ: PRSO) in the spotlight, the company's fundamental growth story —driven by military contracts, global expansion, and sector diversification—is far more compelling. Over the past year, Peraso has methodically scaled its operations, leveraging its proprietary 60 GHz mmWave technology to enter high-demand markets across defense, broadband, and education.
Synergy CHC Corp. (NASDAQ: SNYR) is capturing national attention with the announcement of a strategic distribution partnership with McKesson Canada, a division of McKesson Corporation (NYSE: MCK) . The agreement gives FOCUSfactor® direct access to thousands of pharmacies and health-focused retailers across Canada, igniting the next phase of its aggressive North American expansion.
Circle Internet Group’s shares saw a remarkable surge, rising over three times its opening price of $31 and bringing in $1.1 billion through its IPO . The fresh capital is expected to support the growth of Circle’s USDC stablecoin, which is tied directly to the value of the U.S. dollar and can be redeemed on a one-to-one basis.
Circle Internet Group’s shares saw a remarkable surge, rising over three times its opening price of $31 and bringing in $1.1 billion through its IPO . The fresh capital is expected to support the growth of Circle’s USDC stablecoin, which is tied directly to the value of the U.S. dollar and can be redeemed on a one-to-one basis.
Bitcoin mining just got a little easier, at least on paper. Data shows that Bitcoin’s mining difficulty dropped slightly from its all-time high . On June 15, the network recorded a small decrease in difficulty, going from 126.9 trillion (set on May 31) down to 126.4 trillion. While this might not seem like a big change, it’s actually a sign of important shifts happening in the mining world.
Canaan Inc. (NASDAQ: CAN) saw a 25% increase in bitcoin mining in May due to higher cryptocurrency prices. Analyst Kevin Cassidy reaffirms Buy rating and $5 price target, citing growth in US operations and a $30 million share buyback program.
A disturbing case in New York has brought new attention to a violent trend in the world of crypto crime . An Italian tourist was reportedly abducted, tortured, and held for weeks by individuals who were allegedly trying to force him to give up access to his digital wallet.
A disturbing case in New York has brought new attention to a violent trend in the world of crypto crime . An Italian tourist was reportedly abducted, tortured, and held for weeks by individuals who were allegedly trying to force him to give up access to his digital wallet.
Nebraska lawmakers have taken a firm stance on cryptocurrency mining by passing a new bill aimed at controlling the energy consumption of large-scale operations. The bill, LB 526, received unanimous support in the state legislature and now awaits action from Governor Jim Pillen. If he signs it, or takes no action within five legislative days (excluding Sundays), it will automatically become law, going into effect on October 1, 2025.
Canaan Inc – ADR (NASDAQ:CAN) shares traded lower by 6.3% to 76 cents Tuesday morning after the crypto mining hardware maker reported first-quarter revenue of $82.8 million, topping its own guidance of $75 million but missing analysts' expectations of $90.1 million.
The crypto sector has just hit its first major obstacle under Donald Trump’s second term after enjoying a period of unprecedented support in Washington. Senate Democrats recently blocked a crypto measure that had strong backing from the industry, signaling a shift in momentum on Capitol Hill. While the proposal isn’t entirely off the table, its path forward is uncertain, especially as political divisions deepen.
