Skip to main content

Market Overview

Canaan's Finance Chief Resigns, Tong He Becomes Acting CFO

  • Canaan Inc. (NASDAQ: CAN) CFO Quanfu Hong has resigned for personal reasons effective February 9, 2021. Director of Finance, Tong He became the acting CFO.
  • Canaan's net revenue declined 75.7% year-over-year to $24.0 million in the third quarter of FY20 due to a fall in computing power sales volume and average selling price. The loss per share stood at $0.08.
  • Price action: CAN shares are up 9.63% at $7.74 in the pre-market session on the last check Tuesday.

Related Articles (CAN)

View Comments and Join the Discussion!

Posted-In: News Small Cap Management Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at