Seeking Alpha
2021-06-08 14:00:00

Canaan: China Bitcoin Crackdown Spells Short-Term Trouble

Canaan is a Bitcoin mining equipment company and their revenues have been extremely volatile as they follow the craze of cryptocurrencies.Even as longer-term prospects of product offerings and diversification remain possible, the current operating environment doesn't warrant a serious investment look.I maintain my neutral to bearish stance on the company's 12-month prospects.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer