I started in the standard with a purchase classification, $ 3 target price

The associated analyst, Mark Palmer, notes that the Bitcoin Mining Mining Asic Chips and Rigs Canaan (Canaan), which was taken by Singapore, had an approximate race, but it could be five wines, the associated analyst Mark Palmer notes.

Palmer began on Tuesday to cover an AdRS to classify the purchase and goal of the price of $ 3. The shares were closed yesterday at 0.62 dollars, 72 % less on an annual basis.

Palmer said that the dual Canaan strategy focuses on developing ASIC chips and excavations, and expanding self -arrests, especially in the United States.

He wrote: “The vertically integrated Canal approach distinguishes it within the area of ​​Bitcoin mining with its position to benefit from all the sales of the chips/excavators and the revenue of ownership mining.”

He pointed out that Canaan’s payment to home mining platforms has diversified the company’s revenues.

Equipment maker also increases its ability to self -reinforcement in the United States and globally.

“While the company derives only 16.3 % of its revenues 2024 of its self -reinforcement operations, it intends to increase the total power of the computer that leads self -extracts by mid 2015 to 10 EH/S in North America and 15 EH/S worldwide.”

Palmer said that Canaan has a pile of 1,408 bitcoin with a current value of about 133 million dollars, or nearly 70 % of the maximum of the current market. This should be a supporter to evaluate the company.

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