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Benzinga
Benzinga
Business
Henry Khederian

Why Bitcoin- And Ethereum-Related Stock Canaan Is Rising

Canaan CAN Canaan Inc

Canaan Inc - ADR (NASDAQ:CAN) shares are trading higher after the company reported fourth-quarter ADS and sales results were higher year-over-year and issued guidance.

Canaan reported quarterly earnings of $1.84 per share. The company also reported $342.80 million in sales this quarter, representing a marked increase over sales of $5.86 million the same period last year.

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