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great news out today
Canaan Inc's (NASDAQ: CAN) fourth-quarter FY21 revenue jumped 57 fold year-on-year to $342.8 million. Revenue increased 65.8% sequentially.
Total computing power sold increased 15.5% Q/Q to 7.7 million Thash/s, mainly driven by the solid market demand and the delivery of Bitcoin mining machines.
Products revenue grew 57 fold Y/Y to $340.4 million. Earnings per ADS was $1.07.
Canaan held $421.2 million in cash and equivalents.
Shaoke Li, the board Secretary, resigned due to personal reasons agreed to continue as a consultant. Lu Meng succeeded Li.
Nangeng Zhang, Chair and CEO, commented, "Against the backdrop of Bitcoin price fluctuations and challenging industry dynamics, we made encouraging progress in our operations and finished the year with a strong fourth-quarter performance."
Canaan (NASDAQ:CAN) reported quarterly earnings of $1.84 per share. This is a 2728.57 percent increase over losses of $(0.07) per share from the same period last year. The company reported $342.80 million in sales this quarter. This is a 5.75K percent increase over sales of $5.86 million the same period last year.
Anyone know why btc moved up $11k to over $56 and can sucking it??
Oversold. Btc gonna rise much higher despite China scare tactics.
5 days RED and you all talk about a dollar. hahahahaha. what a kneeslapper
* * $CAN Video Chart 06-01-2021 * *
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* * $CAN Video Chart 05-19-2021 * *
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* * $CAN Video Chart 04-21-2021 * *
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* * $CAN Video Chart 04-14-2021 * *
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* * $CAN Video Chart 04-13-2021 * *
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* * $CAN Video Chart 04-12-2021 * *
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Just bought at wrong time at 23.00 but I'm pretty confident with this one. I think I'll make a gain.
* * $CAN Video Chart 04-01-2021 * *
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* * $CAN Video Chart 03-30-2021 * *
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* * $CAN Video Chart 03-29-2021 * *
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* * $CAN Video Chart 03-25-2021 * *
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* * $CAN Video Chart 03-24-2021 * *
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* * $CAN Video Chart 03-23-2021 * *
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* * $CAN Video Chart 03-22-2021 * *
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* * $CAN Video Chart 03-15-2021 * *
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* * $CAN Video Chart 03-12-2021 * *
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* * $CAN Video Chart 03-11-2021 * *
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* * $CAN Video Chart 03-10-2021 * *
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* * $CAN Video Chart 03-09-2021 * *
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* * $CAN Video Chart 03-03-2021 * *
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ABSOLUTELY LOVE THIS STOCK!!!!
Just flipped a solid 3k gain since it touched $14.40....
anything bitcoin related is easy to peg price and channel flip, they will sink and rise with BTC everytime as well as market news this bodes well as traders we have more obvious trade markers guiding us! CAN will be making me a rich little stock monkey!
* * $CAN Video Chart 03-01-2021 * *
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* * $CAN Video Chart 02-22-2021 * *
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* * $CAN Video Chart 02-19-2021 * *
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* * $CAN Video Chart 02-17-2021 * *
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* * $CAN Video Chart 02-16-2021 * *
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* * $CAN Video Chart 02-11-2021 * *
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* * $CAN Video Chart 01-04-2021 * *
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To the MOON!
* * $CAN Video Chart 12-31-2020 * *
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Correct sir (or Madam). ;)
* * $CAN Video Chart 11-25-2020 * *
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* * $CAN Video Chart 11-20-2020 * *
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* * $CAN Video Chart 11-16-2020 * *
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Not sure. I am surprised the share price is so depressed.
According to Coindesk news four directors of CANAAN were dropped from the business registry of the Company.
Nangeng Zhang remained the sole CEO.
Jiaping Kong and Jiaxuan Li remained in the Core team
Qifey Sun is out.
What are the implications on the Company's future and the stoke price?
* * $CAN Video Chart 06-02-2020 * *
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