Canaan Signs Purchase Agreement With AGM Group Holdings; Provides 2000 A15 Hydro Bitcoin Mining Machines In Initial Order

BenzingaDec 12 16:18 ET

The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.

In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.

wallstreetcnDec 12 18:24 ET

AGM Group Holdings Secures Major Product Contract With Canaan Creative

TipRanksDec 12 17:01 ET

Express News | Canaan Inc - to Provide 2,000 Bitcoin Mining Machines to Agmh

ReutersDec 12 16:15 ET

Canaan Inc. Signs Agreement With AGM Group Holdings Inc.

PR NewswireDec 12 16:15 ET

B.Riley Financial Maintains Canaan(CAN.US) With Buy Rating, Raises Target Price to $4

Moomoo NewsDec 12 12:31 ET · Ratings