Here's Why Crypto Mining Company Canaan Dropped Again Today, This Time by 12%

Key Points Crypto mining equipment maker Canaan has seen a steep 12% drop from yesterday's close. This move pushes the leading crypto mining hardware maker precariously close to penny stock territory. Here are the key catalysts behind today's move, and why investors appear to be steering clear from this name in particular. 10 stocks we like better than Canaan › As of 2:15 p.m. ET, crypto mining equipment maker Canaan (NASDAQ: CAN) is once again on the decline, down 12% from yesterday's close. In ...