Canaan Inc. (CAN)

NASDAQ: CAN · Real-Time Price · USD
2.000
-0.050 (-2.44%)
Oct 21, 2025, 12:39 PM EDT - Market open
-2.44%
Market Cap938.01M
Revenue (ttm)345.36M
Net Income (ttm)-265.97M
Shares Out 469.00M
EPS (ttm)-0.83
PE Ration/a
Forward PE40.20
Dividendn/a
Ex-Dividend Daten/a
Volume47,645,394
Open2.010
Previous Close2.050
Day's Range1.930 - 2.100
52-Week Range0.535 - 3.270
Beta3.49
AnalystsStrong Buy
Price Target3.29 (+64.5%)
Earnings DateNov 19, 2025

About CAN

Canaan Inc. engages in the research and development, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People’s Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of edge computing chip products, as well as mining business. The company has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, M... [Read more]

Sector Technology
IPO Date Nov 21, 2019
Employees 463
Stock Exchange NASDAQ
Ticker Symbol CAN
Full Company Profile

Financial Performance

In 2024, Canaan's revenue was $269.32 million, an increase of 27.35% compared to the previous year's $211.48 million. Losses were -$249.75 million, -39.70% less than in 2023.

Financial Statements

Analyst Summary

According to 7 analysts, the average rating for CAN stock is "Strong Buy." The 12-month stock price target is $3.29, which is an increase of 64.50% from the latest price.

Price Target
$3.29
(64.50% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Canaan Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement

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 i...

5 days ago - PRNewsWire

Canaan Inc. Launches Innovative Gas-to-Computing Pilot in Canada with Energy Infrastructure Developer

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 ...

8 days ago - PRNewsWire

Canaan Inc. Provides September 2025 Bitcoin Production and Mining Operation Updates

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/ ...

Other symbols: SLNH
11 days ago - PRNewsWire

Canaan: I'm In With Call Options As Sentiment Has Finally Turned Around

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...

17 days ago - Seeking Alpha

Canaan Inc. Secures Landmark U.S. Order, Strengthening Market Leadership Amid U.S. Bitcoin Mining Recovery

Largest single order in the past three years includes more than 50,000 Avalon® A15 Pro bitcoin miners scheduled for delivery in fourth quarter 2025 SINGAPORE , Oct. 2, 2025 /PRNewswire/ -- Canaan Inc....

19 days ago - PRNewsWire

Soluna and Canaan Inc. Partner to Deploy 20 MW of Next-Gen Bitcoin Miners at Wind-Powered Data Center in Texas

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

Other symbols: SLNH
21 days ago - PRNewsWire

Canaan Inc. Provides August 2025 Bitcoin Production and Mining Operation Updates

Bitcoins mined month-over-month increases 10%, bitcoin treasury hits 1,547 Total estimated computing power exceeds 10 EH/s globally SINGAPORE , Sept. 8, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ...

6 weeks ago - PRNewsWire

Canaan Inc. Partners with Luxor to Expand Institutional Miner Financing

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 ann...

6 weeks ago - PRNewsWire

Canaan Inc. to Participate in Upcoming Conferences

SINGAPORE , Sept. 2, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it will participate in the 5th Annual Needham Virtu...

7 weeks ago - PRNewsWire

Canaan Inc. Supplies Avalon® ASIC Kits for Bitfury's North American Infrastructure Upgrade

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...

7 weeks ago - PRNewsWire

Canaan Inc. (CAN) Q2 2025 Earnings Call Transcript

Canaan Inc. (NASDAQ:CAN) Q2 2025 Earnings Conference Call August 14, 2025 8:00 AM ET Company Participants Gwyn Lauber - Corporate Participant Investor Relations - Corporate Participant James Jin Chen...

2 months ago - Seeking Alpha

Canaan Inc. Reports Unaudited Second Quarter 2025 Financial Results

Total revenues of US$100.2 million exceeded guidance, up 39.5% YoY Bitcoin mining revenues reached an all-time high of US$28.1 million, up 201.6% YoY Bitcoin treasury [1] climbed to a milestone of 1,5...

2 months ago - PRNewsWire

Canaan Inc. to Report Second Quarter 2025 Financial Results on August 14, 2025

SINGAPORE , Aug. 7, 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 sec...

2 months ago - PRNewsWire

Canaan Inc. Provides July 2025 Bitcoin Production and Mining Operation Updates

SINGAPORE , Aug. 7, 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 J...

2 months ago - PRNewsWire

Canaan Inc. to Supply Additional Avalon A1566I Immersion-Cooling Miners to CleanSpark

SINGAPORE , July 31, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its U.S. subsidiary has received a purchase order f...

Other symbols: CLSK
2 months ago - PRNewsWire

Canaan Inc. Announces Adoption of Cryptocurrency Holding Policy and Strategic Long Position in Bitcoin

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...

2 months ago - PRNewsWire

Canaan Inc. Announces Completion of Conversion of the Previously Announced Series A-1 Preferred Shares

All ADSs from converted Series A-1 shares sold in open market SINGAPORE , July 29, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today anno...

3 months ago - PRNewsWire

Canaan Inc. to Produce A15Pro Miners for Cipher Mining

Orders to be fulfilled by U.S. and Malaysian facilities Expected to bolster hashrate at Cipher's Black Pearl facility SINGAPORE , July 17, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or t...

Other symbols: CIFR
3 months ago - PRNewsWire

Canaan Inc. Provides June 2025 Bitcoin Production and Mining Operation Updates

SINGAPORE , July 7, 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 J...

3 months ago - PRNewsWire

Canaan Inc. Announces Strategic Realignment

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 "Compan...

4 months ago - PRNewsWire

Canaan Inc. Provides May 2025 Bitcoin Production and Mining Operation Updates

SINGAPORE , June 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 ending ...

4 months ago - PRNewsWire

Canaan Inc. Announces Share Purchases by Chief Executive Officer and Chief Financial Officer

SINGAPORE , June 9, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its chairman and chief executive officer, Nangeng Zh...

4 months ago - PRNewsWire

Canaan Inc. Announces Up to US$30 Million Share Repurchase Program

SINGAPORE , May 27, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its board of directors (the "Board") has authorized ...

5 months ago - PRNewsWire

Canaan Inc. (CAN) Q1 2025 Earnings Call Transcript

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 Con...

5 months ago - Seeking Alpha

Canaan Inc. Reports Unaudited First Quarter 2025 Financial Results

Total revenues of US$82.8 million exceeded guidance, up 135.9% YoY Bitcoin mining revenues reached US$24.3 million, up 131.9% YoY SINGAPORE , May 20, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("C...

5 months ago - PRNewsWire