Canaan - Bitcoin Mining Hardware Solutions and AI Chip Maker

Leveraging off the surge in Bitcoin popularity, Canaan is an interesting company that focuses on pure horsepower for CPUs processing Bitcoin and more importantly AI.

Big recovery today after getting back to a good support area, with quite a bit of upside to old highs. At $20 a share could be a good target for retail investors particularly to push.

From their website: Canaan Creative, known simply as Canaan, is a China-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessor solutions for use in bitcoin mining. Initially, Canaan mainly developed FPGA products based on the SHA-256 algorithm

TradingView Description: "Canaan, Inc. provides high-performance computing solutions to efficiently solve complex problems. Currently, the company is focused on the research and development of advanced technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. Using the AI chip as its base, Canaan has established an intellectual value chain. The company also provides a suite of AI service solutions and is able to tailor these solutions to the needs of its partners."

Worth keeping an eye on.

Comment:

15% move so far with plenty of upside remaining in theory.