Canaan CFO Resigns Citing ‘Personal Reasons’

9 February 2021

Publicly traded mining machine manufacturer Canaan Inc. (CAN) announced the resignation of CFO Quanfu Hong and named Tong He as acting CFO.

  • Hong's resignation was due to "personal reasons," the Beijing-based company said.
  • Acting CFO He has served as the company's director of finance since July 2020.
  • A date for the Nasdaq-listed company's earnings has not been set yet.
  • Shares of Canaan have gained 8% so far in 2021, currently trading around $7.25. Bitcoin rose over 50% in the same period.
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