Canaan jumps to seven-month high on largest order in three years

Canaan

02/10/2025 17:08

** Shares of BTC mining machine maker Canaan Inc CAN.O jump ~26% to a seven-month high of $1.35

** Co receives order from a U.S.-based bitcoin miner for over 50,000 Avalon A15 Pro mining machines

** CAN says the purchase order represents its largest in the past three years

** YTD, the stock has risen about ~23%, including session's moves

 (Reporting by Krisha Bhatt)

 ((Krisha.Bhatt@thomsonreuters.com;))