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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 info@ktmc.com.  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 info@ktmc.com, or you may click here to print a PDF of this form.

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# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Canaan Inc. (2021) prior to the Class Period?
Are you a current or former employee of Canaan Inc. (2021)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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