Top 5 Bitcoin Mining Companies in the World

3. Canaan Inc. (NASDAQ:CAN)

Market Capitalization as of November 30, 2022: $412.38 million

Canaan Inc. (NASDAQ:CAN) is a Chinese firm that assembles, designs, and sells Bitcoin mining equipment. The firm is based in Beijing, the People’s Republic of China.

Canaan Inc. (NASDAQ:CAN) sells Bitcoin mining machines such as the A1366 with a whopping 130TH/s hash rate and 3250 Watts of power consumption. The firm sold 3.5 million TH/s of computing power during the third quarter of this year, for marked decreases over the second quarter and the year ago quarter.

As part of their September quarter of 2022 investments, nine of the 2022 hedge funds polled by Insider Monkey had held a stake in Canaan Inc. (NASDAQ:CAN).

Out of these, Douglas Harold Hart Polunin’s Polunin Capital is Canaan Inc. (NASDAQ:CAN)’s largest investor. It owns 1.4 million shares that are worth $4.6 million.

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