Canaan Inc. (CAN)

NASDAQ: CAN · Real-Time Price · USD
2.320
+0.010 (0.43%)
At close: Dec 20, 2024, 4:00 PM
2.330
+0.010 (0.43%)
After-hours: Dec 20, 2024, 7:59 PM EST
0.43%
Market Cap 668.82M
Revenue (ttm) 229.63M
Net Income (ttm) -295.87M
Shares Out 288.29M
EPS (ttm) -1.21
PE Ratio n/a
Forward PE 14.15
Dividend n/a
Ex-Dividend Date n/a
Volume 27,931,450
Open 2.210
Previous Close 2.310
Day's Range 2.170 - 2.395
52-Week Range 0.720 - 3.500
Beta 3.29
Analysts Strong Buy
Price Target 3.00 (+29.31%)
Earnings Date Nov 20, 2024

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]

Sector Technology
IPO Date Nov 21, 2019
Employees 445
Stock Exchange NASDAQ
Ticker Symbol CAN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CAN stock is "Strong Buy." The 12-month stock price forecast is $3.0, which is an increase of 29.31% from the latest price.

Price Target
$3.0
(29.31% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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" ...

8 days ago - PRNewsWire

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...

19 days ago - PRNewsWire

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...

23 days ago - Accesswire

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...

25 days ago - PRNewsWire

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...

4 weeks ago - Seeking Alpha

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...

Other symbols: HIVE
4 weeks ago - Newsfile Corp

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...

Other symbols: HIVE
4 weeks ago - Newsfile Corp

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...

4 weeks ago - Seeking Alpha

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...

4 weeks ago - PRNewsWire

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 ...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

Theralase(R) Closes Non-Brokered Private Placement

TORONTO, ON / ACCESSWIRE / November 15, 2024 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research a...

5 weeks ago - Accesswire

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...

5 weeks ago - PRNewsWire

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.

5 weeks ago - Benzinga

RETRANSMISSION: HIVE Digital Technologies Ltd. Announces Order of 6,500 Canaan Avalon A1566 ASIC Miners and Groundbreaking of 100 MW in Paraguay

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...

Other symbols: HIVE
5 weeks ago - Newsfile Corp

Canaan Inc. Signs Agreement with HIVE for Avalon A1566 Miners

Continues North American Expansion with Order from Long-term Customer SINGAPORE , Nov. 11, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance comput...

5 weeks ago - PRNewsWire

HIVE Digital Technologies Ltd. Announces Order of 6,500 Canaan Avalon A1566 ASIC Miners and Groundbreaking of 100 MW in Paraguay

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...

Other symbols: HIVE
5 weeks ago - Newsfile Corp

Canaan Upgraded Avalon Miner A15 Series with Superior Performance

SINGAPORE , Nov. 7, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN), a leading provider of Bitcoin Miners, announced that the company had upgraded Avalon Miner A15 series mining machines. In April 2024...

6 weeks ago - PRNewsWire

Canaan Inc. Awarded Order from New Customer CleanSpark for Avalon A1566I Miners

Contributing to CleanSpark's Immersion Mining Operations SINGAPORE , Nov. 1, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions ...

7 weeks ago - PRNewsWire

Canaan Inc. Closes Third Tranche of Preferred Shares Financing

Plans to fund self-mining expansion  and Bitcoin mining machine business  in North America   SINGAPORE, Sept. 30, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading ...

2 months ago - PRNewsWire

Theralase(R) Closes Non-Brokered Private Placement and Issues Stock Options

TORONTO, ON / ACCESSWIRE / September 24, 2024 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research ...

3 months ago - Accesswire

Canaan's Solid Operations Recognized, Wall Street Investment Firm Rosenblatt Gives "Buy" Rating

SINGAPORE , Sept. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) has been recognized for its solid operations by Rosenblatt, a Wall Street investment firm that defines Canaan Inc. as "promising" i...

3 months ago - PRNewsWire

Modern America Campgrounds Acquires Lone Oak Campsites in East Canaan, CT

BOSTON--(BUSINESS WIRE)--Modern America Campgrounds, the largest RV park owner in the Northeast, today announced its acquisition of Lone Oak Campsites in East Canaan, CT. This marks the company's 27th...

3 months ago - Business Wire

Canaan Inc. to Participate in H.C. Wainwright 26th Annual Global Investment Conference on September 9-11, 2024

SINGAPORE , Sept. 5, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will particip...

3 months ago - PRNewsWire