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CAN - Canaan: China Bitcoin Crackdown Spells Short-Term Trouble
Canaan Inc.
Canaan is a Bitcoin mining equipment company and their revenues have been extremely volatile as they follow the craze of cryptocurrencies.
Even as longer-term prospects of product offerings and diversification remain possible, the current operating environment doesn't warrant a serious investment look.
I maintain my neutral to bearish stance on the company's 12-month prospects.