$Canaan Inc.(CAN)$is a Chinese company that makes and sells microprocessing solutions for crypto mining. As Beijing crackdowns on crypto operations in the country, the firm has expanded in markets overseas, reporting a 538% year-on-year growth in revenue over the first three months of 2021 despite government pressures. The company is ranked twelfth on our list of 12 best cryptocurrency stocks to invest in 2021.
On June 16, Canaan Inc. (NASDAQ: CAN) announced that it had signed a deal with crypto mining firm Genesis Digital Assets to supply 10,000 mining machines by the end of the month. The company’s shares have offered investors returns exceeding 392% over the course of the past twelve months.
At the end of the first quarter of 2021, 9 hedge funds in the database of Insider Monkey held stakes worth $47 million in Canaan Inc. (NASDAQ: CAN), up from 4 the preceding quarter worth $3.8 million.
Just like Coinbase Global, Inc. (NASDAQ: COIN), Tesla, Inc. (NASDAQ: TSLA), and Square, Inc. (NYSE: SQ), Canaan Inc. (NASDAQ: CAN) is one of the best cryptocurrency stocks to invest in 2021.
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- cheger68·2021-06-28这个股票就是一坨臭狗屎1Report