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home / news releases / CAN - Covid Bites Canaan In First Quarter But Advance Orders Bode Well For Second

CAN - Covid Bites Canaan In First Quarter But Advance Orders Bode Well For Second

Canaan Inc.
  • Canaan shares surged after Q1 results despite the company missing its own revenue guidance.
  • With bitcoin’s price down nearly 40% since the start of April, things have been less rosy in the current quarter.
  • Canaan is also under the eye of the U.S. securities regulator for its China roots.
  • However, the company has sufficient cash to weather any difficult periods.

For further details see:

Covid Bites Canaan In First Quarter, But Advance Orders Bode Well For Second
Stock Information
Company Name: Canaan Inc.
Stock Symbol: CAN
Market: NASDAQ
Website: canaan-creative.com
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