Bitcoin-treasury moves and a 50,000-rig shipment are reshaping how investors price mining stocks. In particular, Canaan's disclosures push bitcoin on the balance sheet to the fore as earnings season looms. The chatter spans Reddit and crypto circles about cash, covenants, and scale.
• Canaan's bitcoin treasury sits around 1,500 BTC and a 50k rig order—the largest in three years—fueling bullish chatter ahead of the November earnings report [1]. Revenue to date around $350 million TTM, up 86% YoY with improving net income [1]. Price targets cited range from $1.30 to $3.00 as the stock moves in the low dollar range [1]. November earnings will reflect this 50k rig order [1].
• A2s from Bitdeer are delivering around 240 TH/s, showing strong operator performance despite higher upfront costs; market cap remains a talking point for investors [2]. VoskCoin notes the hardware is reliable, underscoring how this deployment supports bullish expectations for margins in mining peers [2].
Bottom line: treasury holdings and big shipments can lift sentiment and set higher bars for peers—watch Q4 earnings and deployment updates for the next move.
References
Canaan $CAN - bitcoin treasury - $1.30 to $3.00 - news of 50k bitcoin rigs sold - largest order in 3 years - Chinese Stock - will BOUNCE
Discusses Canaan CAN, bitcoin treasury, 50k rigs sold; price targets, valuation, revenue growth, mining hardware business, potential bounce
View sourceThese A2s have been reliable for Bitcoin mining, consistently hitting around 240 terahash a second.
A2s mining at 240 TH/s; Bitdeer strong performance; market cap noted; discussion on Bitcoin mining companies; influential topic today online
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