Canaan Inc - ADR (CAN) Sector
Information Technology

(Current) $1.12
-0.11 (-8.94%) Open Price: 1.22

 

Canaan Inc. is a China-based technology company that specializes in designing and manufacturing advanced hardware equipment for cryptocurrency mining. As a pioneer in the blockchain industry, Canaan is known for its innovative solutions that cater to the growing demand for computational power required by cryptocurrency networks.

 

Founded in 2013 and headquartered in Hangzhou, China, Canaan has played a significant role in shaping the cryptocurrency mining landscape. The company's primary focus is on producing high-performance Application-Specific Integrated Circuits (ASICs) and mining rigs that are optimized for mining popular cryptocurrencies like Bitcoin and Ethereum.

 

Canaan's products are designed to enhance efficiency and profitability for cryptocurrency miners by offering hardware solutions that deliver higher hash rates while consuming less energy. This technological edge has positioned the company as a preferred choice for miners seeking to maximize their returns on investment.

 

The company's global presence and partnerships have contributed to its market influence. Canaan's products are distributed to customers around the world, allowing miners to access cutting-edge hardware technology to stay competitive in the ever-evolving cryptocurrency mining ecosystem.

 

In addition to its hardware offerings, Canaan provides a range of services such as mining farm deployment and maintenance, offering comprehensive solutions to address the needs of its customers and contribute to the growth of the blockchain industry.

 



 

(06/17/24) $1.22
(06/18/24) $1.23
(06/18/24) (Qty.)12,030,098
(06/17/24) $1.02
(06/17/24) $1.25
(06/02/24) $0.93
(06/16/24) $1.27
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