Canaan Inc. American Depositary Shares (CAN)

Canaan's stock dropped over 9% due to cryptocurrency market volatility, macroeconomic uncertainties, and potential shifts in AI and data center investments.

Bitcoin reached a new all-time high of $125,750, signaling growing optimism in digital assets. The Federal Reserve will release minutes and Powell will speak, while a potential government shutdown might disrupt jobs data reporting.

Dataprana has launched a 30MW immersion-cooled data center in La Marque, Texas, supporting digital asset mining operations with 1,280 Whatsminer M66S units across 10 Intelliflex pods, marking a significant milestone in their infrastructure development.

Canaan (CAN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

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