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Canaan CEO Is Bullish on Bitcoin Mining Ahead of Earnings
Canaan founder and CEO Nangeng Zhang has reason to be chipper. His Beijing-based company is reporting earnings on Monday, when it will disclose Q4 and full 2020 results, and the outlook is rosy. Canaan has filled its order book for Bitcoin and crypto mining machines well into 2022, its share price has risen almost 1000% in the past six months, and institutional investors are increasingly interested in his industry. “Canaan has secured a large number of pre-sale orders for its mining machines,” he recently told Decrypt in an exclusive interview. He said that listed companies, large-scale miners and fund managers ... (full story)