from overseas business. The company is famous for chip and mining machinery manufacturing. In addition to that, it provides software services in the crypto world.
However, within a year CAN shares lost almost 70% of its price, currently trading at $3.3. The company is affected not only by the recent crypto carnage but by the "logistics suspensions" caused by Covid-19 lockdowns in China, said Canaan's CEO Nangeng Zhang.380.4M CAD 2021 was an important year for Hut 8, as its shares began trading on NASDAQ. In Canada, its stock is traded on the Toronto Stock Exchange since 2018. At the time of writing, HUT stock on TSX lost 58% in 12 months.
Same as for most companies mentioned in the list, 2021 was a huge success for Bitfarm. Its yearly revenueAs of March 2022, when the full-year report was published, Bitfarm’s hash rate was 2.7 EH/s, up 23% for the year-to-date. Its shares on CVE were down 75% in the last 12 months. However, the company’s prospects might calm down the investors. Same as Hut 8, Hive is cooperating with Compute North to store its miners. Moreover, to deploy a 100 MW mining facility in Texas, it will purchase additional Intel chips.Up until the end of 2021, when crypto prices were peaking, the mining stocks were also actively growing. A huge spike in November can be seen on each price chart we included in this article.
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