After a thousand years of being a dead weight, Canaan Creative finally showed some strength, but unfortunately, it didn't last long. Canaan Creative (CAN.US) released an optimistic revenue forecast for 2025, causing its stock price to surge by 29.85% in pre-market trading, attracting widespread attention from the market.
It is reported that the company released an optimistic revenue forecast for 2025, significantly higher than past performance. The main reason is the increased demand for Bitcoin mining computing power, which has led to a substantial growth in the company's revenue.
According to reports, Canaan Creative expects its revenue for the fiscal year 2025 to be between $900 million and $1.1 billion, while revenue in 2024 remains at a relatively low level. In December 2024, the company mined 62 Bitcoins.
Company executives stated that since the fourth quarter of last year, the company has made significant progress in expanding its market influence, strengthening partnerships, and advancing its self-mining business, resulting in a continuous increase in Bitcoin reserves on the balance sheet, laying a solid foundation for this year's performance growth.
It is estimated that Canaan Creative is currently the most underperforming cryptocurrency stock, once the top mining stock with prices in the hundreds, it has now fallen to just $2, and at one point even dropped below $1, truly leaving investors in despair. This lousy publicly traded company is even worse than some meme coin projects. Bitcoin has skyrocketed to $100,000, yet it remains half-alive; it’s hard to understand what has happened to all the money raised from investors.