Knowing who is in control of Canaan Inc. (NASDAQ: CAN), a well-known crypto equipment manufacturer, is key to understanding the strategic direction of the company. At the moment, institutional investors own 26% of the China-based manufacturers’ shares, representing a portion of the confidence they have in the company. However, this only represents a portion of the whole.
Interestingly, institutional investors are not the largest group of shareholders in Canaan — retail investors are. Retail investors own about 59% of the company, making them the majority stakeholders and giving them substantial influence over the company’s decisions, from management strategies to…
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