5 Most Profitable Cryptocurrency Stocks

3. Canaan Inc. (NASDAQ:CAN)

Latest TTM Net Income: -$78 million

Canaan Inc. (NASDAQ:CAN) is a Singaporean backend cryptocurrency company that provides mining computers used to make Bitcoin. Its third quarter operating results reflected a recovery in the cryptocurrency sector as its computing power sales grew by 8.7% annually.

During this year’s third quarter, three out of the 910 hedge funds part of Insider Monkey’s database had bought and owned the firm’s shares. Canaan Inc. (NASDAQ:CAN)’s biggest investor among these is Douglas Harold Hart Polunin’s Polunin Capital due to its $2.5 million stake.

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