Canaan: New Hardware Rollout And Bitcoin Rally Combine As Catalysts

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da-kuk Bitcoin ( BTC-USD ) mining hardware manufacturers see increased backlogs around and after the Bitcoin halving event. If they are strategic and deliver upgraded products timely, this boosts their overall financials. Canaan Inc.

( NASDAQ: CAN ) began the rollout and bulk Analyst’s Disclosure: I/we have a beneficial long position in the shares of CAN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha).



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