Bitcoin News Update: Canaan's Shift Toward Bitcoin Mining Drives 18% Increase and Sets New Record in Holdings
- Canaan Inc. shares surged 18% pre-market after Q3 revenue jumped 104.4% to $150.5M, surpassing estimates. - Bitcoin mining revenue soared 241% to $30.6M, driven by 267 BTC mined and 10 EH/s computing power sold. - Company boosted crypto holdings to 1,610 BTC/3,950 ETH by October 2025 and secured a 50,000-unit mining machine order. - Q4 revenue guidance ($175-205M) exceeds $148. 3M estimates, but risks include U.S. tariffs and regulatory shifts. - Analysts maintain "buy" ratings with a $3.00 price target
Canaan Inc. (NASDAQ: CAN) saw its shares jump 18% in pre-market trading on Tuesday, fueled by a sharp improvement in its financial results and an unprecedented increase in its
The improvement in gross profit signaled a major turnaround for
Looking forward, Canaan
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oil concerns and tensions with Iran send Asian markets tumbling, as Korea’s KOSPI suffers the steepest decline
TRX Gold Reports 2026 Annual Meeting Voting Results

From startup seedling to cannabis powerhouse, Verano has navigated the industry’s ups and downs
Reflecting on the fourth quarter earnings of property and casualty insurance stocks: Mercury General (NYSE:MCY)