CAN

Canaan Inc
NASDAQTECHNOLOGYCOMPUTER HARDWARE

Key Statistics

Market Cap
$276.07M
P/E Ratio
—
EPS
$-0.45
Beta
2.73
52W High
$2.22
52W Low
$0.15
50-Day MA
$0.29
200-Day MA
$0.47
Dividend Yield
—
Profit Margin
-67.80%
Forward P/E
2.51
PEG Ratio
—

About Canaan Inc

Canaan Inc. is engaged in the research, design and sale of IC end system products by integrating bitcoin mining IC products and related components mainly in the People's Republic of China. The company is headquartered in Hangzhou, the People's Republic of China.

Official WebsiteChinaFY End: December

Fundamentals

Revenue (TTM)$441.31M
Gross Profit (TTM)$-21.03M
EBITDA$-110.75M
Operating Margin-192.00%
Return on Equity-97.10%
Return on Assets-18.40%
Revenue/Share (TTM)$0.70
Book Value$0.39
Price-to-Book0.96
Price-to-Sales (TTM)0.63
EV/Revenue0.622
EV/EBITDA0.60
Quarterly Earnings Growth (YoY)-91.60%
Quarterly Revenue Growth (YoY)-68.20%
Shares Outstanding$711.13M
Float$588.10M
% Insiders9.30%
% Institutions20.14%

Historical Volatility

HV 10-Day
128.81%
HV 20-Day
159.97%
HV 30-Day
165.78%
HV 60-Day
158.66%
HV Rank
83.7%

Volatility is currently contracting

Analyst Ratings

Consensus ($1.57 target)
5
Buy
1
Hold

Latest News

Canaan Inc. Provides August 2026 Bitcoin Production and Mining Operation Updates

Sold all ETH holdings and 54 BTC near short-term highs and repurchased 13.6 million ADSs  Equipment installation set to begin at Canadian compute heat recovery project SINGAPORE, Sept. 14, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today released its unaudited bitcoin mining update for the month ending August 31, 2026.

PRNewsWire9/14/2026Neutral
Canaan Q2 Earnings Call Highlights

Canaan NASDAQ: CAN reported second-quarter 2026 revenue of approximately $32 million, below its prior guidance of $35 million to $45 million, as weaker Bitcoin mining economics, cautious customer spending and elevated industry inventory pressured equipment sales and pricing.

MarketBeat9/8/2026Negative
Canaan Inc. Reports Unaudited Second Quarter 2026 Financial Results

Reached a record 1,915 BTC and 3,952 ETH cryptocurrency treasury [1] Mined 243 bitcoins in the Second Quarter 2026 Repurchased approximately 16.4 million ADSs for an Aggregate of US$7.4 million as of September 8, 2026 SINGAPORE, Sept. 8, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced its unaudited financial results for the three months ended June 30, 2026.

PRNewsWire9/8/2026Neutral
Canaan Inc. to Report Second Quarter 2026 Financial Results on September 8, 2026

SINGAPORE, Sept. 1, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced that it plans to report its financial results for the second quarter ended June 30, 2026, before the U.S. market opens on September 8, 2026.

PRNewsWire9/1/2026Neutral
Canaan Inc. to Exhibit at Bitcoin Asia 2026: Company to Showcase Bitcoin Computing Solutions Across a Range of Applications

SINGAPORE, Aug. 25, 2026 /PRNewswire/ – Canaan Inc. (NASDAQ: CAN)("Canaan" or the "Company"), an innovator in computing and energy infrastructure, will be an exhibitor at the Bitcoin Asia conference, to be held from August 27 to 28, 2026, at the Hong Kong Convention and Exhibition Centre (HKCEC). Offering a Full-Spectrum Bitcoin Computing Network At this year's edition of Bitcoin Asia, Canaan will showcase its concept of "From Enterprise to Home," demonstrating how efficient, stable, and reliable technologies enable high-quality hashrate equipment to adapt to many operating environments.

PRNewsWire8/25/2026Neutral
Canaan Inc. Provides July 2026 Bitcoin Production and Mining Operation Updates

SINGAPORE, Aug. 17, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today released its unaudited bitcoin mining update for the month ending July 31, 2026. Management Commentary "July was a month of continued operational discipline as we navigated a dynamic mining environment," said Nangeng Zhang, chairman and chief executive officer of Canaan.

PRNewsWire8/17/2026Neutral
Canaan Inc. to Repurchase Shares Using Portion of Digital Asset Treasury

Repurchases will be executed under the Company's existing share repurchase authorization SINGAPORE, Aug. 4, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced that it has authorized its management to monetize a portion of its digital asset treasury to fund repurchases of its American depositary shares ("ADSs") under the share repurchase program authorized by its board of directors (the "Board") effective December 12, 2025. The Company may fund further repurchases using its digital asset proceeds, depending on the trading price of its ADSs, prevailing market conditions, working capital requirements, and other considerations.

PRNewsWire8/4/2026Neutral

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Data last updated: 9/26/2026