Canaan Inc. (CAN)
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]
Financial Performance
Financial StatementsAnalyst 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.
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" ...
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...
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...
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.
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...
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...
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...
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...
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 ...
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 ...
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 ...
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...
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...
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...