Canaan Inc. (CAN)

SG — Technology Sector
Peers: CRSR  SSYS  ARQQ  EXOD  POET  HKD  DCBO  IBTA  GILT  YMT 

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Key Metrics & Ratings

  • symbol CAN
  • Rev/Share 0.8641
  • Book/Share 0.8097
  • PB 2.1057
  • Debt/Equity 0.1489
  • CurrentRatio 1.7768
  • ROIC -0.6653

 

  • MktCap 764229200.0
  • FreeCF/Share -0.2637
  • PFCF -7.2517
  • PE -2.562
  • Debt/Assets 0.0814
  • DivYield 0
  • ROE -0.9249

 

  • Rating C+
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 2
  • P/B Score 5
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Resumed CAN Compass Point -- Buy -- -- Sept. 15, 2025
Initiation CAN Northland Capital -- Market Perform -- $1.5 June 18, 2025
Initiation CAN The Benchmark Company -- Buy -- $3 May 6, 2025
Initiation CAN Compass Point -- Buy -- $2.5 March 18, 2025
Initiation CAN B. Riley Securities -- Buy -- $2 Sept. 18, 2024
Initiation CAN Rosenblatt -- Buy -- $3 Sept. 11, 2024

News

Canaan Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement
CAN
Published: October 16, 2025 by: PRNewsWire
Sentiment: Neutral

Strong operational execution and strategic initiatives reinforce Canaan's long-term growth outlook SINGAPORE , Oct. 16, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has received a written compliance notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated October 15, 2025, notifying the Company that it has regained compliance with the minimum bid price of US$1.00 per American depositary share ("ADS") requirement set forth under the Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement"). On October 15, 2025, Nasdaq determined …

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image for news Canaan Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement
Canaan Inc. Launches Innovative Gas-to-Computing Pilot in Canada with Energy Infrastructure Developer
CAN
Published: October 13, 2025 by: PRNewsWire
Sentiment: Neutral

Strategic initiative to convert flared natural gas into low-cost power for high-density computing Scalable low-cost natural gas power model designed to strengthen mining economics Annual reduction of approximately 12,000–14,000 metric tons of CO₂-equivalent emissions expected SINGAPORE , Oct. 13, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced the launch of a pilot mining project in Calgary, Alberta, Canada, through a joint mining agreement with Aurora AZ Energy Ltd., a Calgary-based energy infrastructure company that develops and operates natural gas wellhead power solutions for HPC/AI data centers and bitcoin mining applications.

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image for news Canaan Inc. Launches Innovative Gas-to-Computing Pilot in Canada with Energy Infrastructure Developer
Canaan Inc. Provides September 2025 Bitcoin Production and Mining Operation Updates
CAN, SLNH
Published: October 10, 2025 by: PRNewsWire
Sentiment: Neutral

Deployed hashrate climbs to historic high of 9.30 EH/s Cryptocurrency treasury reaches record 1,582 BTC and 2,830 ETH Largest miner order in three years secured SINGAPORE , Oct. 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ended September 30, 2025. Management Commentary "September marked another month of meaningful progress, highlighted by further gains in mining efficiency," said Nangeng Zhang, chairman and chief executive officer of Canaan.

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image for news Canaan Inc. Provides September 2025 Bitcoin Production and Mining Operation Updates
Canaan: I'm In With Call Options As Sentiment Has Finally Turned Around
CAN
Published: October 03, 2025 by: Seeking Alpha
Sentiment: Positive

I see clear signs of a turnaround in the sentiment surrounding this stock. These include both company-wide developments and tailwinds in the crypto space. The Sept 8 Luxor financing, Sept 30 Soluna 20 MW A15 XP deployment, and the Oct 2, 50,000 A15 Pro order are strong news leading to a breakout beyond $1. Industry-wide, Riot's hashrate reached 36.4 EH/s in August with BTC production +48% yoy. CleanSpark recently secured $200M facilities. BTC is consolidating $100k–$125k. I believe a breakout could spur miners' CapEx.

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image for news Canaan: I'm In With Call Options As Sentiment Has Finally Turned Around
Soluna and Canaan Inc. Partner to Deploy 20 MW of Next-Gen Bitcoin Miners at Wind-Powered Data Center in Texas
CAN, SLNH
Published: September 30, 2025 by: PRNewsWire
Sentiment: Neutral

Strategic Deal Advances Soluna's Texas Expansion and Supports Canaan's North American Mining Growth ALBANY, N.Y. and SINGAPORE , Sept.

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image for news Soluna and Canaan Inc. Partner to Deploy 20 MW of Next-Gen Bitcoin Miners at Wind-Powered Data Center in Texas
Soluna and Canaan Inc. Partner to Deploy 20 MW of Next-Gen Bitcoin Miners at Wind-Powered Data Center in Texas
CAN, SLNH
Published: September 30, 2025 by: Business Wire
Sentiment: Neutral

ALBANY, N.Y. & SINGAPORE--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, and Canaan Inc. (Nasdaq: CAN) ("Canaan"), an innovator in crypto mining, today announced a strategic hosting agreement to deploy 20 megawatts (MW) of Avalon® A15 XP Bitcoin miners at Soluna's Project Dorothy in Briscoe County, Texas. This agreement marks a significant milestone for bot.

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image for news Soluna and Canaan Inc. Partner to Deploy 20 MW of Next-Gen Bitcoin Miners at Wind-Powered Data Center in Texas
Canaan Inc. Partners with Luxor to Expand Institutional Miner Financing
CAN
Published: September 08, 2025 by: PRNewsWire
Sentiment: Neutral

Announces initial sale of 5,000+ Avalon A15 Pro bitcoin miners SINGAPORE , Sept. 8, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced a partnership with Luxor Technology Corporation ("Luxor") to provide flexible financing solutions, potentially making it easier for customers to acquire Avalon® mining machines.

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image for news Canaan Inc. Partners with Luxor to Expand Institutional Miner Financing
Canaan Inc. Supplies Avalon® ASIC Kits for Bitfury's North American Infrastructure Upgrade
CAN
Published: August 28, 2025 by: PRNewsWire
Sentiment: Neutral

Bitfury to enhance large-scale digital asset operations with Avalon-powered upgrade kits Order marks milestone in joint R&D under strategic business collaboration SINGAPORE , Aug. 28, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has received a new purchase order from Bitfury Group ("Bitfury"), a leading full-service blockchain technology company, for Avalon® ASIC-powered upgrade kits (the "Avalon® ASIC Kit"). This equipment will be deployed at Bitfury's North American facility to upgrade up to 10MW of existing Bitcoin mining capacity, enhancing performance and energy efficiency.

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image for news Canaan Inc. Supplies Avalon® ASIC Kits for Bitfury's North American Infrastructure Upgrade
Canaan (CAN) Reports Q2 Loss, Beats Revenue Estimates
CAN
Published: August 14, 2025 by: Zacks Investment Research
Sentiment: Neutral

Canaan (CAN) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to a loss of $0.15 per share a year ago.

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image for news Canaan (CAN) Reports Q2 Loss, Beats Revenue Estimates
Canaan Inc. Announces Adoption of Cryptocurrency Holding Policy and Strategic Long Position in Bitcoin
CAN
Published: July 30, 2025 by: PRNewsWire
Sentiment: Neutral

SINGAPORE , July 30, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has adopted a Cryptocurrency Holding Policy (the "Policy"). The Policy establishes a clear and disciplined framework for the acquisition, custody, and disposition of cryptocurrencies, ensuring that such holdings are managed in a manner that supports the Company's liquidity needs, risk tolerance, and long-term strategic objectives.

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image for news Canaan Inc. Announces Adoption of Cryptocurrency Holding Policy and Strategic Long Position in Bitcoin
Canaan Inc. Announces Strategic Realignment
CAN
Published: June 23, 2025 by: PRNewsWire
Sentiment: Neutral

Company to discontinue its non-core AI semiconductor business to sharpen focus on crypto-related businesses SINGAPORE , June 23, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has commenced a strategic realignment aimed at sharpening its focus on its core businesses of bitcoin mining machine sales, self-mining operations, and consumer mining products. As part of this initiative, the Company will discontinue its non-core AI semiconductor business unit, described in the annual report for the year ended December 31, 2024 as "ASICs for edge computing applications", with the process expected …

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image for news Canaan Inc. Announces Strategic Realignment
Canaan Inc. (CAN) Q1 2025 Earnings Call Transcript
CAN
Published: May 20, 2025 by: Seeking Alpha
Sentiment: Neutral

Canaan Inc. (NASDAQ:CAN ) Q1 2025 Earnings Conference Call May 20, 2025 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CFO Conference Call Participants Kevin Cassidy - Rosenblatt Securities Michael Donovan - H.C. Wainwright Mike Grondahl - Northland Securities Bill Papanastasiou - KBW Nick Giles - B.

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image for news Canaan Inc. (CAN) Q1 2025 Earnings Call Transcript
Canaan Inc. to Report First Quarter 2025 Financial Results on May 20, 2025
CAN
Published: May 12, 2025 by: PRNewsWire
Sentiment: Neutral

SINGAPORE , May 12, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the first quarter ended March 31, 2025, before the U.S. market opens on May 20, 2025. The Company's management team will hold a conference call at 8:00 A.M.

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image for news Canaan Inc. to Report First Quarter 2025 Financial Results on May 20, 2025
Canaan (CAN) May Report Negative Earnings: Know the Trend Ahead of Q1 Release
CAN
Published: May 09, 2025 by: Zacks Investment Research
Sentiment: Negative

Canaan (CAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Canaan (CAN) May Report Negative Earnings: Know the Trend Ahead of Q1 Release
Top Cryptocurrency Stocks You Should Buy for a Healthy Portfolio
BTCM, CAN, CME
Published: April 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Here, we pick three stocks, CME, BTCM and CAN, which are well-poised to benefit from the growing proliferation of Bitcoin and other cryptocurrencies.

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image for news Top Cryptocurrency Stocks You Should Buy for a Healthy Portfolio
Canaan Inc. Files 2024 Annual Report on Form 20-F
CAN
Published: April 21, 2025 by: PRNewsWire
Sentiment: Neutral

SINGAPORE , April 21, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 18, 2025. The annual report can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at https://investor.canaan-creative.com/.

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image for news Canaan Inc. Files 2024 Annual Report on Form 20-F
Canaan Presents A Golden Opportunity
CAN
Published: March 05, 2025 by: Seeking Alpha
Sentiment: Positive

Canaan's stock is extremely oversold but shows strong support around $1.15 to $1.30, presenting a compelling risk/reward opportunity for investors. The company is a small-cap Bitcoin miner with competitive costs and new products like the Avalon Q, potentially boosting future profitability. Despite recent earnings revisions, Canaan's valuation appears too low, especially given its potential to achieve significant profits by 2025 and 2026.

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image for news Canaan Presents A Golden Opportunity
Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates
CAN
Published: February 19, 2025 by: PRNewsWire
Sentiment: Neutral

SINGAPORE , Feb. 19, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending January 31, 2025. Management Commentary "In January, we made solid progress across all segments of our business, as we expanded our customer base, announced two Avalon Home consumer products, and advanced our self-mining capacity, leading to an increase in our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan.

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image for news Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates
Canaan Inc. to Participate in the "Digital Assets 2025: To Bitcoin and Beyond," Virtual Conference Presented by Maxim Group LLC
CAN
Published: February 10, 2025 by: PRNewsWire
Sentiment: Neutral

SINGAPORE , Feb. 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its director of business development, Christopher Crowell, will present at the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference, presented by Maxim Group LLC, on Wednesday, February 12, 2025, at 8:30 a.m. EST. As part of the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference, Matthew Galinko, research analyst at Maxim Group, will sit down with Canaan and other companies in the digital asset ecosystem, including bitcoin miners, equipment providers, and corporate adopters of crypto …

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image for news Canaan Inc. to Participate in the "Digital Assets 2025: To Bitcoin and Beyond," Virtual Conference Presented by Maxim Group LLC

About Canaan Inc. (CAN)

  • IPO Date 2019-11-20
  • Website http://www.canaan.io
  • Industry Computer Hardware
  • CEO Nangeng Zhang
  • Employees 463

Canaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. It focuses on the development of green mining. The company was founded by Jia Xuan Li, Xiang Fu Liu and Nan Geng Zhang on January 19, 2013 and is headquartered in Singapore.