Canaan Stock Jumps 25% on Largest Bitcoin Miner Order in 3 Years
Canaan Inc., a Singapore-based cryptocurrency mining equipment manufacturer, announced Wednesday it has landed its largest order in three years: more than 50,000 Avalon A15 Pro Bitcoin mining machines from an unnamed U.S. customer. The firm's shares, listed on Nasdaq under the ticker CAN, quickly spiked in price to a recent mark of $1.30, per Yahoo Finance—a 25% jump on the day, and the highest price seen since February. The purchase order, disclosed in a company statement, marks a notable milestone for ...