Canaan Soars After Predicting Max Quadrupled Revenue in Second Quarter After Bitcoin Rally Xu Wei Canaan Soars After Predicting Max Quadrupled Revenue in Second Quarter After Bitcoin Rally (Yicai Global) June 2 -- Shares of Canaan Technology surged after the Chinese cryptocurrency mining machine maker said it is expecting to report as big as a fourfold jump in revenue this quarter after turning profitable in the first quarter due to the soaring Bitcoin prices. Canaan's stock price [NASDAQ: CAN] closed 22.1 percent higher at USD10.26 in New York yesterday. Last March, the equity price hit an all-time high of USD39.10. Canaan listed its shares on the Nasdaq in November 2019.