Posted by timebandit on 30th of Dec 2020 at 04:35 pm
Did a little research on CAN, because I had no idea what they do
in crypto area. They make the blockchain servers and
microprocessors for bitcoin mining. Their price peaked in November
when they reported a loss. Given the hardware and electricity
costs, bitcoin price needs to be over $15,000 for mining to be
profitable. That is the case now, so people may choose to get into
mining, which means CAN will sell them equipment. So they are a
peripheral player in the crypto field, kind of like a parts
manufacturer in the automotive industry, I guess.
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Did a little research on
the craziness continues in the digital currency plays
Posted by timebandit on 30th of Dec 2020 at 04:35 pm
Did a little research on CAN, because I had no idea what they do in crypto area. They make the blockchain servers and microprocessors for bitcoin mining. Their price peaked in November when they reported a loss. Given the hardware and electricity costs, bitcoin price needs to be over $15,000 for mining to be profitable. That is the case now, so people may choose to get into mining, which means CAN will sell them equipment. So they are a peripheral player in the crypto field, kind of like a parts manufacturer in the automotive industry, I guess.