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What’s Going On With Bitcoin-Related Canaan Inc Stock?

Published by
Benzinga

Canaan Inc. (NASDAQ: CAN) shares are trading higher Wednesday on continued upward momentum. The stock has gained more than 115% over the past five days. What To Know: Canaan shares are roaring higher on heavy trading volume Wednesday. According to data from Benzinga Pro, more than 31.4 million shares have been traded in the session, far exceeding the stock’s 100-day average volume of 5.015 million shares. Canaan, Inc. manufactures digital blockchain computing equipment, and company revenue is derived from the sales of Bitcoin mining machines and related parts. Investors are anticipating the po…

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