Bitcoin Miner Canaan Soars 16% After Shock 104% Revenue Spike, Defying Bitcoin’s Crash
November 18, 2025
Canaan’s stock surged on Tuesday after the Bitcoin mining chipmaker delivered its strongest quarterly performance in years, posting a 104% jump in revenue and a return to positive gross profit despite a steep downturn in the broader crypto market. The rally sent shares of Canaan up roughly 16% by mid-morning, …
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