CAN: Buy the ATH. They sell the shovels for bitcoin miners. #hashwars

Canaan Inc provides supercomputing solutions through proprietary high-performance computing ASICs (Application Specific Integrated Circuit). ASICs are needed to compete and mine for bitcoin. I don't need to explain where bitcoin is going. Mining market has already surpassed traditional metal mining markets. Canaan will continue to compete with market leader Bitmain in producing the best ASICs to mine for bitcoin. The products will continue to be more advanced with higher price tags leading to increase in margins. Miners will happily pay the price to compete as they begin their fully fledged hash wars. Looking at the major chip manufactures, it's not likely that they will divert much attention to this as they deal with their open orders. You're buying the ATH however there's a ton of upside for this stock to run.

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CAN: Buy the ATH. They sell the shovels for bitcoin miners. #hashwars

bullish

Canaan Inc provides supercomputing solutions through proprietary high-performance computing ASICs (Application Specific Integrated Circuit). ASICs are needed to compete and mine for bitcoin. I don't need to explain where bitcoin is going. Mining market has already surpassed traditional metal mining markets. Canaan will continue to compete with market leader Bitmain in producing the best ASICs to mine for bitcoin. The products will continue to be more advanced with higher price tags leading to increase in margins. Miners will happily pay the price to compete as they begin their fully fledged hash wars. Looking at the major chip manufactures, it's not likely that they will divert much attention to this as they deal with their open orders. You're buying the ATH however there's a ton of upside for this stock to run.

read-time
< 1 min
27.29
Target Price
8/ 10
Confidence
1-3 Years
Timeframe
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Earnings Release
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News
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SEC
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