Bitcoin Mining Rig Maker Canaan Surges After Robust Outcomes and Steerage – CoinDesk

Hangzhou, China-based Canaan (CAN), one of many trade’s largest producers of crypto mining machines, noticed its inventory leap 16% in premarket motion after reporting income of $342.8 million within the fourth quarter of 2021, a rise of greater than 60% in comparison with the earlier quarter.