Canaan Inc. (CAN) saw its shares drop sharply by 5.94% in pre-market trading on Monday, reflecting a broader downturn in the crypto sector.
The decline aligns with a sell-off in crypto-related stocks, as highlighted in recent market reports. Other major crypto stocks, including Hut 8, ETHZilla, and Bitfarms, also experienced significant losses, with Canaan down 8% in overnight trading.
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