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Canaan

Yes We CANCanaan Inc. (CAN) has had several bullish developments recently. The company continues to focus on expanding its bitcoin mining operations and strengthening its balance sheet through strategic financing and share purchases. Some key highlights include: Operational Growth: Canaan's bitcoin mining capacity increased significantly, with a 58% boost in computing power by May 2024, reaching a total of 4.0 Exahash/s. This growth comes from re-energizing machines in Kazakhstan and other projects. Strategic Investments: The company's CEO and CFO announced plans to personally invest no less than $2 million in Canaan’s shares, signaling confidence in the firm’s long-term growth potential. This can provide a positive signal to investors. Preferred Share Financing: Canaan completed a third tranche of preferred share financing in September 2024, further bolstering its financial position and liquidity​ In addition to these specific catalysts, there has been a broader rotation into Chinese tech stocks as investors are seeing opportunities in undervalued sectors like crypto and AI amidst China's economic reopening and government support for technology innovation. Canaan, as a leading player in bitcoin mining hardware, is poised to benefit from this renewed interest. These factors collectively provide a bullish outlook for Canaan in both the short and long term.
NASDAQ:CANLong
by TheTraderAndy
Canaan - long position - 60 % profit (NEW) Canaan stock has been in a downtrend since 2021. Canaan is one of the top Bitcoin Mining Companies. The price is approaching our buy zone. We expect one more drop and next the accumulation phase before the explosive move up. If we see one more drop, probably RSI on the weekly timeframe will be even more oversold. In our opinion this stock is very undervalued now. Once crypto market starts recovering, we expect this stock to recover as well. Bottom for crypto market may be not far away (Many analysts believe that the bottom on BTC will be around 10k-12k $) therefore accumulating CAN may be a good idea too.
NASDAQ:CANLong
by vf_investment
3
Canaan reversal coming soon. Technicals: RSI is oversold and looks like it is reversing. The price has also reached a long term support of around $4.6. Fundamentals: Canaan stock has a high correlation with the price of Bitcoin as they produce the hardware to mine Bitcoin. The market cap is under $850 million. The bullish news is the sale of 30000 of their flagship Avalon mining kits to Genesis Digital Assets (buried in their latest SEC filing investor.canaan-creative.com). The price of the latest Avalon miner is between $6500-$8500 (cryptominer.deals). This equates to around $180 million in sales (if we use a lower end cost of $6000 per miner). Genesis Digital Asset also has the option to purchase an additional 150000 units in the future (the total options are for 180000 units minus the purchase of the recent 30000 units). If that sale goes through, its an additional $900 million in sales which could make this stock highly undervalued. The rise in bitcoin price will cause the stock price to also rise alongside. This may be a good long term hold. Price target: $15+ Note: This is not financial advise. Please do your own research.
NASDAQ:CANLong
by CryptoPaily
CAN trade shortThe analysis is as follows We have made a head and shoulders and broken the neckline It appears that we are making an abc to the downside. The wave A and B have finished and were incredibly clear. Currently we are in the developing wave 3 of the wave C, and I assume that this will take us down to the 10$ mark. This 20 dollar mark is the 1.618 of the wave one of the wave C and the 0.8 fib retracement of the greater wave. 10 Is also an incredibly strong psychological number, hence why I assume it will move down to here. I am assuming that it will move down to here by the end of the week. Assuming this channel holds, we will see a minimum 11.64. A break from this channel could possibly discredt my wave count. My only concern would be that the wave 5 of the wave 3 doesn't go as low as expected, but judging by the volume behind the earnings drop, I am going to assume that there is lots of bearish momentum behind this stock. Longterm target is around the 5$ mark.
NASDAQ:CANShort
by Mika_k
Mr. West Daily notes Report no. 6Trending up: CAN, DENN, ZNGA, GE, NIO, SNE, PBI, BOTZ, HERO, MICT, Trending down: SAVE, JBLU, CRON, NKLA, Consolidating: REKR, DASH, ROKT, AESE, JETS, NCLH, ABNB, UA, ACB, MVIS, On this date, January 4th, 2021 is the first year the U.S. economy has had severe virus that has taken many lives. It has also crippled many businesses. However, many other businesses became big brands and provided a service for many people to thrive online. Looking at this past year, I have learned a lot. I have learned that there are many ways of investing. The goals of capturing the real estate parcels and invest capital into rental properties was ideal. However, getting the capital is difficult to collect. So, by investing in the stock market, crypto market, and day trading in the stock market is a way to expand the money routine of gaining capital wealth. Looking at the morning market list, most of the stocks have been consolidating for this first week of January. The market has been trending up in certain sectors like the Cryptocurrency. The company Canaan Inc. (CAN) has shown great signs of an up trend due to Bitcoin surging past 32,000 a coin. Since CAN is a crypto mining software company that creates instruments to mine cryptocurrency helps this stock in sales when the crypto market is surging. Needless to say I predict that CAN will rise more and more by the end of this week. Pre-marketed at 7.22 a share, this company has shown many attributes of gaining a support over 7.50 a share.
NASDAQ:CANShort
by Grantw04
EBON (EBANG makes BTC Mining Hardware)EBON (EBANG makes BTC Mining Hardware) This will go up but what puzzles me is that it's competitor has a lower price and it is still dropping - both EBANG and CAN should be the same price and the y both will climb but both are finding that price as i write this. I am hopeful we will have a longer chart in the future with more to see. Once the BTC price jump everyone will wonder what these mining companies do - they make mining equipment and i would think they also are mining bitcoin so they will be profitable.
NASDAQ:EBONLong
by altcoinnerd