{"id":32079,"date":"2025-06-16T15:16:33","date_gmt":"2025-06-16T15:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32079"},"modified":"2025-06-16T15:16:33","modified_gmt":"2025-06-16T15:16:33","slug":"bitcoin-boosts-canaans-mining-output-but-1-risk-could-stall-progress","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32079","title":{"rendered":"Bitcoin Boosts Canaan&#8217;s Mining Output, But 1 Risk Could Stall Progress"},"content":{"rendered":"<div>\n<p><strong>Canaan Inc.<\/strong>&#8216;s (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CAN#NASDAQ\">CAN<\/a>)<strong> <\/strong>May press release indicated that<a href=\"https:\/\/www.benzinga.com\/topic\/bitcoin\"> 109 bitcoins were mined<\/a>, up 25% from April&#8217;s figure, driven by favorable prices of the world&#8217;s leading cryptocurrency, according to Rosenblatt Securities.<\/p>\n<p><strong>The Canaan <\/strong><strong>Analyst: <\/strong><a href=\"https:\/\/www.benzinga.com\/analyst-stock-ratings\/analyst\/59972d99803ad30001fc246d\/kevin-cassidy\">Analyst Kevin Cassidy<\/a> reaffirmed a Buy rating and price target of $5.<\/p>\n<p><strong>The Canaan Thesis:<\/strong> While Ethiopia remains the company&#8217;s largest mining site, U.S. &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/25\/06\/45952216\/bitcoin-boosts-canaans-mining-output-but-1-risk-could-stall-progress\" alt=\"Bitcoin\" boosts canaan mining output but risk could stall progress>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Canaan Inc.&#8216;s (NASDAQ:CAN) May press release indicated that 109 bitcoins were mined, up 25% from April&#8217;s figure, driven by favorable prices of the world&#8217;s leading cryptocurrency, according to Rosenblatt Securities. The Canaan Analyst: Analyst Kevin Cassidy reaffirmed a Buy rating and price target of $5. The Canaan Thesis: While Ethiopia remains the company&#8217;s largest mining [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32079","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32079"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32079\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}