#CryptoCorner #Podcast Episode 483: Canaan (NasdaqGS: $CAN) Reports Q3 Financial Results, and Ebang (NasdaqGS: $EBON) Acquires Authorization of Patent Tech in Korea
#CryptoCorner #Podcast Episode 483: Canaan (NasdaqGS: $CAN) Reports Q3 Financial Results, and Ebang (NasdaqGS: $EBON) Acquires Authorization of Patent Tech in Korea
Point Roberts, WA, Delta BC November 30, 2020 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.
Listen to today’s
Crypto Corner Podcast:
https://www.investorideas.com/Audio/Podcasts/2020/113020-CryptoMarket.mp3
Read this in full
at https://www.investorideas.com/news/2020/crypto-corner/11301CAN-EBON.asp
Get the Crypto Corner Podcast on iTunes
Get the Crypto corner on Spotify
Stocks discussed: (NasdaqGS:CAN) (NasdaqGS:EBON)
Since the last Crypto Corner on Friday, November 27,
Bitcoin (BTC) has recovered considerably from its 12
percent drop witnessed on November 26 that brought its trading price as low as
about $16,370, according to data from CoinMarketCap. In fact, at press time, Bitcoin is
trading for about $19,750, or slightly above what is generally considered its
all-time high trading price reached nearly three years ago in December 2017.
An article from CoinDesk, which puts this morning’s price peak
even higher than CoinMarketCap at $19,786, indicates that “year to date,
bitcoin has gained 167%,” and that following “its yearly lows in March, after
crashing more than 50% in a single day, bitcoin has rallied more than 400%.”
The article shares a comment from Kevin Kelly, co-founder of Delphi Digital:
“The significance of a new all-time high in dollar
terms can’t be understated. Many skeptics have publicly denounced bitcoin for
failing to reach a new high despite such a favorable macro backdrop so this is
yet another testament to bitcoin’s staying power.”
High performance
computing and crypto mining firm Canaan Inc. (NasdaqGS:CAN) has reported its unaudited financial results for
the third quarter ended September 30, 2020. Highlights include 2.9 million
Thash/s of total computing power sold, which represents a year-over-year
decrease of 20.7 percent from 3.7 million Thash/s reported in Q3 2019, but a
quarter-over-quarter increase of 13.4 percent from 2.6 million Thash/s in the
Q2 of this year. Quanfu Hong, Canaan’s CFO, explained:
“The pandemic and resulting macroeconomic uncertainties
continued to impact the production capacity of the global IC industry in the
third quarter of 2020. However, the demand for mining machines in the market
continued to rebound during the third quarter, and we have received a large
number of pre-sale orders which are scheduled for delivery starting in the
fourth quarter of 2020. Looking ahead, we remain committed to investing in
areas that will further strengthen our collaboration with established IC
manufacturers, enhance our inventory management, streamline our research and
development initiatives, and generate lasting value for our shareholders.”
Bitcoin mining
machine producer Ebang International Holdings Inc. (NasdaqGS:EBON) entered into a technology license agreement
with Circle Line International Limited on November 27, 2020 to obtain the
latter’s exclusive license of a proprietary patent in Korea. Dong Hu, Ebang’s
Chairman and CEO, explained:
“We are excited to acquire the exclusive authorization
of Korean Patent Reg. No. 10-2137956 from CL. The core of this patent is
AsicBoost, a method that can increase performance of Bitcoin mining by about
20%. The performance gain is achieved through a high-level optimization of the
Bitcoin mining algorithm which allows for drastic reduction in gate count on
the mining chip. The exclusive authorization of this patent reflects our
determination to continue to protect the legitimate rights and interests of
patent holders and strive to maintain fair market competition, and is expected
to lay a solid foundation for the Company’s continuous offering of leading
Bitcoin mining machines.”
Sam Mowers, Investorideas
For investors following the
sector Investor Ideas has a comprehensive Bitcoin,
Blockchain and Digital Currency Stocks Directory
Investors can
trade these stocks and other ideas on
our site using our list of top stock trading apps including Robinhood , Acorn, Stash and others.
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news
source publishing third party news, research and original financial content.
Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto,
AI and IoT, mining, sports biotech, water, renewable energy and more. Investor
Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play
by Play sports and stock
news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move
podcast and column, Cleantech
and Climate Change , Exploring
Mining the AI
Eye .
The Crypto Corner is part of the Investor Ideas
Membership content
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com,
iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party
sourced news, articles and equity research as well as creates original content,
including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Contact management and IR of
each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your
news release and our other news services on the Investorideas.com
newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please
read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a
solicitation to buy or sell cryptocurrencies and Investorideas.com does not
directly sell cryptocurrencies; but acts as a news and research resource for
interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an
Investorideas.com content brand
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android
Join our Investor Club https://www.investorideas.com/membership/
Contact
Investorideas.com
800-665-0411
Get more Bitcoin
and Blockchain Investor ideas – news, articles, podcasts and stock
directories
Comments
Post a Comment