Canaan Inc is pivoting from AI chips to Bitcoin mining hardware, and traders are dialed in. A 50,000-unit order for the Avalon A15 Pro and after-hours moves near $1.36 have the street buzzing [1][3].
Pivot headliners — The pivot centers on AI accelerators and a USD 150 million datacenter supply deal, signaling a tilt toward hyperscale compute hardware rather than blockchain rigs [4]. In after-hours chatter, the narrative is retooled from crypto rigs to hyperscale compute hardware [3]. Analysts and traders including Praveen Thakur and Benjamin Scott flag momentum and potential sentiment shifts [1][2].
Market read on price — The stock closed around $1.37, down 5.5%, with a $1.40 reclaim eyed as a sentiment pivot [2]. After-hours movement around $1.36 is part of the broader pivot narrative [3].
Deals and momentum — The USD 150 million datacenter/AI accelerators deal marks strategic repositioning beyond blockchain hardware [4]. Momentum is tied to U.S. order flow and renewed compliance status cited by traders like Thomas R. Graves [5].
People to watch — Other voices include Philip J. Went and Uncle stock offering targets and cautionary notes [4][3].
Keep an eye on whether this pivot sticks as price tests the $1.40 base.
References
$CAN PRESSURE RISING QUICKLY.⚡⚡⚡ Strategic realignment + major US orders (50K Avalon A15 Pro units)
Strategic realignment and 50K Avalon A15 Pro orders signal focus pivot; price expectations hinge on $1.35 support.
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View source$CAN after-hours $1.36 (-0.73%) Canaan Inc’s shift toward high-end AI accelerators and the USD 150 m
Discusses Canaan Inc.'s pivot to AI accelerators and a $150M data center deal, signaling strategic move beyond blockchain hardware
View source$CAN after-hours $1.36 (-0.73%) With U.S. order momentum and renewed compliance status, Canaan is tr
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