Well-known institutions such as fidelity and Renaissance have bought shares in mining machinery producer ganan technology

According to wu, one of the world's largest investment management companies, fidelity, is increasing its stake in kanan technology. As of March 31, fidelity increased its stake in kanan technology by 2338,558 shares, or 1.49%, and is likely to continue to do so. In addition, the Renaissance foundation bought 17,400 shares of ganan.

Data from the nasdaq website

Wu said the block chain analysis showed that the stock price of ganan has hit a record low, which may be related to the unlocking sales by early shareholders and the mining slump after bitcoin halved, but it also helps mainstream institutions to buy on a larger scale. May 19 around the ganan executives and shareholders have unlocked the stock.

Fidelity is one of the world's largest asset managers, with assets under management (AUM) of $3.2 trillion and revenues of $20.9 billion in 2019. Meanwhile, fidelity is also one of the most enthusiastic institutions in the traditional financial industry about cryptocurrency. Fidelity was one of the first to invest in bitcoin mining and has already made significant investments, and is one of the few companies to be licensed to operate bitcoin in New York state. It recently invested $14.2 million in the Hong Kong cryptocurrency exchange osl.

Renaissance technology, with $166 billion under management, is one of the largest hedge funds in the world, specializing in program trading. It is considering investing in bitcoin futures in the near future, having been given access to the CME's cash-settled bitcoin futures market.

Revenue in the first quarter was about 68.3 million yuan (us $9.6 million), up 44.6% from the first quarter of 2019, and the net loss attributable to common shareholders was 39.9 million yuan (us $5.6 million), down 41.2% from the same period of 2019. That ganan company is inWhen the price of bitcoin is low, it is being refined.

In addition, the media read that kanan had just announced that it would issue $12.4 million worth of stock in its employee benefits program, offering 51,624,000 class a common shares at a maximum price of $0.24 per share. But the media misinterpreted this as an equity incentive placed in a pool of options before the listing in 2018, not a rights issue. & have spent & have spent

The original link: https://mp.weixin.qq.com/s/2zihgy4sxjtg0cvToB80gg

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