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Benzinga

Business

Henry Khederian

Why Bitcoin-Related Stock Canaan Is Skyrocketing

Canaan Canaan Inc Nasdaq

Shares of cryptocurrency-related company Canaan Inc - ADR (NASDAQ:CAN) are trading higher by 16.24% at $3.65 after the company reported first-quarter earnings results.

Canaan says total computing power sold was 4.3 million Thash/s, representing an increase of 119.1% from 2.0 million Thash/s in the same period of 2021.

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