Canaan Sued Over Alleged ‘Fake’ Deal, Stock Sees Historic Low
Cointelegraph
Published Mar 14, 2020 10:00PM ET
Updated Mar 14, 2020 11:40PM ET
While the current climate seems uneasy for all cryptocurrency businesses, some of them have to deal with extra difficulties.
Earlier this month, investors filed a class-action lawsuit against Canaan, a Nasdaq-listed cryptocurrency mining hardware producer. The case is largely based on a February report submitted by an analysis organization called Marcus Aurelius Value, which argued that the mining firm has made misleading statements regarding its financial health.
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Written By: Cointelegraph
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