Canaan Inc.

CAN

Find Out if You Qualify for a Financial Reward by filling out the form below.

Canaan Inc. Form












Class Action Lawsuit List does not share your information with others. There is no cost or obligation for you to submit.

Investigation Details

Canaan issued a press release on August 18, 2023, announcing that, “to ensure legal compliance, the Company decided to temporarily shut down approximately 2.0 Exahash/s of its mining computing power in Kazakhstan since July 2023.” The Company added, “The computing power shutdown consists of approximately 50% of the Company’s total installed computing power in Central Asia and North America, which totaled 4.0 Exahash/s at the end of the first quarter of 2023.” The release concluded, “the challenges outlined above are anticipated to substantially affect the Company’s operational mining computing power starting in the third quarter of 2023.” Following this news, shares of Canaan fell over 12% on the same day.

Active Cases

Ticker Symbol Company Name Join Deadline Join
NFE New Fortress Energy Inc. November 18, 2024 Join
MGX Metagenomi, Inc. November 25, 2024 Join
BMBL Bumble Inc. November 25, 2024 Join
UPS United Parcel Service, Inc. December 09, 2024 Join
EW Edwards Lifesciences Corporation December 13, 2024 Join
TD The Toronto-Dominion Bank December 23, 2024 Join