Canaan, Inc. Class Action Lawsuit - CAN

(1) the purported "strategic cooperation" was actually a transaction with a related party; (2) the company's financial health was worse than what was actually reported; (3) the company had recently removed numerous distributors from its website just prior to the initial public offering, many of which were small or suspicious businesses; and (4) several of the Company's largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers.

In order to be eligible to join the CAN class action lawsuit, you must have incurred a loss on shares of Canaan purchased during the class period listed above.

If you suffered a loss in Canaan during the relevant time frame or pursuant to the relevant offering(s), you have until May 4, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

The complaint alleges that Canaan, Inc. violated federal securities laws by issuing materially false and/or misleading information and/or failing to disclose material information. If you suffered a loss in Canaan, Inc. you have until May 4, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.