Canaan Inc. (CAN): A Bull Case Theory

We came across a bullish thesis on Canaan Inc. (CAN) on Substack by WhiteHatDoc. In this article, we will summarize the bulls’ thesis on CAN. Canaan Inc. (CAN)'s share was trading at $2.25 as of Dec 5^th. CAN’s trailing P/E was 4.56 according to Yahoo Finance.

[caption id="attachment_1228685" align="aligncenter" width="768"] A close up view of a final mining equipment used in bitcoin mining.[/caption]

Canaan Inc. (CAN) is a key player in the digital gold rush, providing essential hardware for Bitcoin mining operations worldwide. Like the suppliers of tools during the...