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Canaan CFO Resigns Citing 'Personal Reasons'
The company's director of finance will serve as acting CFO.
By Zack Voell
Updated Dec 12, 2022, 12:54 p.m. Published Feb 9, 2021, 4:33 p.m.
Publicly traded mining machine manufacturer Canaan Inc.https://hashrateindex.com/stocks/can (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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Bitcoin surrendered gains from earlier in the week, fell back toward $90,000 as traders braced for Wednesday’s Federal Reserve rate decision.
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