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home / news releases / DIDI - Elizabeth Warren and Chinese Regulators Sink Crypto Miner Canaan Down 25%

DIDI - Elizabeth Warren and Chinese Regulators Sink Crypto Miner Canaan Down 25%

DiDi Global Inc. American Depositary Shares (each four representing one Class A)

Crypto miners as a whole are seeing a tremendous amount of selling pressure today. Right now, one of the biggest losers in this sector is Canaan (NASDAQ: CAN) , down nearly 25% as of 12:30 p.m. ET. At today's lows, Canaan dropped more than 28%.

As a China-based crypto miner, Canaan has been hit very hard this year. Currently, Canaan is down nearly 85% from its 52-week high, mainly on news of continued Chinese regulatory crackdowns on crypto mining.

However, today's news that Didi (NYSE: DIDI) has been asked to delist by Chinese authorities has sent nearly all Chinese-based, U.S.-listed companies lower today.

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Elizabeth Warren and Chinese Regulators Sink Crypto Miner Canaan, Down 25%
Stock Information
Company Name: DiDi Global Inc. American Depositary Shares (each four representing one Class A)
Stock Symbol: DIDI
Market: NYSE
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