5 Crypto Stocks To Avoid During The SEC Crackdown

2. Canaan Inc. (NASDAQ:CAN)

Number of Hedge Fund Holders: 8

As of June 7, shares of Canaan Inc. (NASDAQ:CAN) are down by 49.34% over the past year.

Canaan Inc. (NASDAQ:CAN) designs integrated circuit final mining equipment products for Bitcoin mining. It has operations in the US, Australia, Canada, China, and internationally.

Eight hedge funds were long Canaan Inc. (NASDAQ:CAN) in the first quarter. Their total stake value was $8.5 million.

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