Kessler Topaz Meltzer & Check, LLP: Investigation on Behalf of Canaan Inc. Shareholders
Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Canaan Inc. (“Canaan”) (NASDAQ: CAN).
Canaan investors may receive additional information about the case by clicking the link "Submit Your Information" above.
Canaan is a bitcoin mining hardware manufacturer based in Hangzhou, China.
On April 12, 2021, before the market opened, Canaan issued a press release disclosing its fourth quarter 2020 and fiscal year 2020 financial results for the period ended December 31, 2020. Canaan generated $5.9 million in revenue in the fourth quarter and $68.6 million for full-year 2020. Canaan’s fourth quarter 2020 sales had declined more than 93% year-over-year compared to its fourth-quarter fiscal year 2019.
Following this news, Canaan’s stock price fell approximately 29.6%, down from its April 9, 2021 closing price of $18.67 to an April 12, 2021 close of $13.14.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll-free at (844) 887-9500; or via e-mail at [email protected]. You can also click on the link "Submit Your Information" above and fill out the form as promptly as possible.
Please complete this form relating to your transactions for Canaan Inc. (“Canaan”) (NASDAQ: CAN) securities between February 10, 2021 and April 9, 2021.
You may also contact James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435 or toll free at (844) 887-9500, or you may submit your information via email at [email protected], or you may click here to print a PDF of this form.