Canaan Inc. (CAN)
Market Cap | 402.73M |
Revenue (ttm) | 229.63M |
Net Income (ttm) | -295.87M |
Shares Out | 372.90M |
EPS (ttm) | -1.21 |
PE Ratio | n/a |
Forward PE | 1.36 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 9,882,962 |
Open | 1.090 |
Previous Close | 1.070 |
Day's Range | 1.040 - 1.100 |
52-Week Range | 0.720 - 3.270 |
Beta | 3.40 |
Analysts | Strong Buy |
Price Target | 3.88 (+259.26%) |
Earnings Date | Mar 26, 2025 |
About CAN
Canaan Inc. engages in the research, 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 artificial intelligence products, as well as mining business. The company has operations in the United States, Australia, Kazakhstan, Canada, Indonesia, Mainland China, Malaysia, Thailand, Cyprus, and internationally.... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for CAN stock is "Strong Buy." The 12-month stock price forecast is $3.88, which is an increase of 259.26% from the latest price.
News

Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results
Total revenues of US$88.8 million exceeds guidance, up 80.9% YoY Total computing power sold achieves record high of 9.1 million TH/s, up 65.9% YoY Bitcoin mining revenues reach US$15.3 million, up 312...

Canaan Inc. Expands Self-Mining Footprint in North America
New mining partnerships to add ~4.7 EH/s M ining machines to be hosted at facilities in Pennsylvania and Texas Self-mining energization expected in coming months SINGAPORE , March 26, 2025 /PRNewswire...

Canaan Inc. to Report Fourth Quarter and Full Year 2024 Financial Results on March 26, 2025
SINGAPORE , March 17, 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 f...

Canaan Inc. Enters into Securities Purchase Agreement for Series A-1 Preferred Shares Financing and Completes First Tranche Closing
Provides Company with access to up to US$200 million SINGAPORE , March 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced th...

Canaan Presents A Golden Opportunity
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 compet...

Canaan Inc. Announces February 2025 Bitcoin Production, Mining Operation Updates, and Preliminary Fourth Quarter 2024 Financial Results
SINGAPORE , March 3, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining and operational update for F...

Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates
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 ...

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

Canaan Inc. Announces December 2024 Bitcoin Production and Mining Operation Updates and Provides FY2025 Financial Guidance
Expects total revenues for FY2025 in the range of US$900 million to US$1.1 billion SINGAPORE , Jan. 21, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in cryp...

Canaan Introduces Revolutionary Bitcoin Mining Heaters for Home and Personal Use in CES 2025
LAS VEGAS , Jan. 7, 2025 /PRNewswire/ -- Canaan INC (NASDAQ: CAN), a leading blockchain hardware manufacturer, today announced the launch of the Avalon Mini 3 and Nano 3S in Las Vegas, CES . The two i...

Canaan Inc. Secures A15XP Order from New United States Customer
SINGAPORE , Jan. 6, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan U.S. Inc., a wholly...

Canaan Inc. Signs Agreement with AGM Group Holdings Inc.
Provides 2000 A15 Hydro Bitcoin mining machines in initial order Continues global expansion with addition of new customer SINGAPORE , Dec. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" ...

Canaan Inc. to Participate in Upcoming Investor Conferences
SINGAPORE , Dec. 2, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will participa...

Theralase(R) Release's 3Q2024 Financial Statements
TORONTO, ON / ACCESSWIRE / November 27, 2024 / Theralase® Technologies Inc. (" Theralase® " or the " Company ") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the resear...

Canaan Inc. Closes Series A-1 Preferred Shares Financing
SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the previou...

Canaan: Q3 Earnings, Is The 'Digital Gold' Rush Coming?
Canaan's Q3 earnings report beat analyst expectations for top line revenue but missed on EPADS. The company grew compute power sold by 92% year over and improved rate by 12%. Canaan's Avalon Nano 3 ma...

RETRANSMISSION: HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024...

HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024...

Canaan Inc. (CAN) Q3 2024 Earnings Call Transcript
Canaan Inc. (NASDAQ:CAN) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CF...

Canaan Inc. Reports Unaudited Third Quarter 2024 Financial Results
- Total Revenue Increased to US$73.6 Million, up 120.9% YoY - - Total Computing Power Sold Achieved 7.3 Million Thash/s, up 93.8% YoY - SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: C...

Canaan Inc. Announces the Execution of a Securities Purchase Agreement
Continues expansion of its self-mining expansion and Bitcoin mining machine business in North America SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company" or ...

Canaan Inc. Secures Follow-On Order from HIVE for 5,000 Avalon A15-194T Miners
Complementing the Earlier November Order of 6,500 Avalon A1566 Miners SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance comput...

Canaan Inc. Expands its Self-mining Footprint in Texas and Pennsylvania
Plans to install Avalon A14 and A15 mining machines at joint mining sites Takes significant s tep s toward 10 EH/s capacity in North America by mid-2025 SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Cana...

Canaan Inc. to Report Third Quarter 2024 Financial Results on November 20, 2024
SINGAPORE , Nov. 14, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its fi...

Nasdaq Moves Lower; Canaan Shares Surge
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 50 points on Monday.