About Canaan Inc. - American Depositary Shares (CAN)
Canaan Inc is a technology company primarily focused on the design and development of high-performance computing solutions, particularly in the field of blockchain technology. The company is best known for its innovative ASIC (Application-Specific Integrated Circuit) hardware, which is utilized for cryptocurrency mining. By leveraging cutting-edge technology and engineering expertise, Canaan aims to enhance operational efficiencies in blockchain networks, catering to the growing demand for computational power within the digital currency ecosystem. In addition to mining hardware, Canaan is also exploring diverse applications of its technology in various sectors, positioning itself as a key player in the evolving landscape of digital assets and blockchain innovation. Read More
Curious to know what's happening on the US markets in the middle of the day on Monday? Join us as we explore the top gainers and losers in today's session.
Brazil is becoming a new hotspot for cryptocurrency mining, thanks to a growing surplus of clean energy. Over the past years, the country has invested heavily in wind and solar power. Government incentives encouraged rapid growth in renewable energy projects, but the expansion of transmission infrastructure has not kept pace.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining around 0.2% on Thursday. The Dow traded up 0.20% to 46,532.02 while the NASDAQ rose 0.34% to 22,833.17. The S&P 500 also rose, gaining, 0.07% to 6,715.87.
