Canaan Inc.Long
CAN on path to a Bitmain IPO valuation ~20B.
I call a cup & handle on log daily with clear bottom. Based on BTC mining performance HUTMF, HVBTF, NCTY, RIOT, BTBT, MGTI, capital should flow into Bitmain's competitor. CAN has RISC-V chip developments which will reduce power consumption greatly for BTC mining. Target is 1 year out - Another filing for Bitmain IPO will send CAN toward $100 - 200.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.