Canaan Inc. (CAN)
| Market Cap | 136.88M -82.7% |
| Revenue (ttm) | 305.37M -27.7% |
| Net Income | -263.43M |
| EPS | -0.39 |
| Shares Out | 747.15M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,467,264 |
| Open | 0.1750 |
| Previous Close | 0.2021 |
| Day's Range | 0.1750 - 0.1899 |
| 52-Week Range | 0.1516 - 1.2800 |
| Beta | 2.58 |
| Analysts | Strong Buy |
| Price Target | 1.39 (+659.83%) |
| Earnings Date | Nov 10, 2026 |
About CAN
Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business. It has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Ireland, Georgia, Brazil, and internationally. Canaan Inc. was founded in 2013 and is headquartered i... [Read more]
Financial Performance
In 2025, Canaan's revenue was $529.74 million, an increase of 96.69% compared to the previous year's $269.32 million. Losses were -$210.27 million, -15.81% less than in 2024.
Financial StatementsAnalyst Summary
According to 6 analysts, the average rating for CAN stock is "Strong Buy." The 12-month stock price target is $1.39, which is an increase of 659.83% from the latest price.
News
Canaan Earnings Call Transcript: Q3 2026
Q3 revenue was $14.5M and net income $8.0M, largely supported by digital-asset fair-value gains. Strategy is pivoting toward energy and AI infrastructure, while weak mining demand and wafer costs weigh on equipment sales; Q4 revenue guidance is $18M–$22M.
Canaan Earnings release: Q3 2026
Canaan released its Q3 2026 earnings on November 10, 2026, summarizing the period's financial results.
Canaan Slides: Q3 2026
Canaan has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on November 10, 2026.
Canaan Inc. Announces New US$20 Million Share Repurchase Program Under US$100 Million Board Authorization
New authorization reflects confidence in the Company's strategic transformation and long-term prospects SINGAPORE, Nov. 10, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), ...
Canaan Inc. Announces Plan to Implement ADS Ratio Change
SINGAPORE, Nov. 10, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced that it plans to change the ratio of ...
Canaan Inc. Reports Unaudited Third Quarter 2026 Financial Results
Received conditional "Studied Load – Firm" classification under ERCOT's Batch Zero process for 1 GW Duval County power project Advanced second 1 GW Texas power project, expanding development pipeline ...
Canaan Inc. to Report Third Quarter 2026 Financial Results on November 10, 2026
SINGAPORE, Nov. 3, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced that it plans to report its financial ...
Canaan Announces Appointment of KPMG in Singapore as Independent Auditor
SINGAPORE, Oct. 19, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced that, effective October 19, 2026, the...
Canaan provides september Bitcoin production and mining operation updates
Canaan (CAN) released unaudited bitcoin mining update for September 2026. The Nordic district heating project is now fully operational, delivering recovered computing heat to approximately 2,800 homes...
Canaan Inc. Provides September 2026 Bitcoin Production and Mining Operation Updates
Nordic district heating project is now fully operational Treasury now 1,875 BTC with 44 BTC mined in September SINGAPORE, Oct. 15, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Comp...
Canaan price target lowered to $1.50 from $2 at B. Riley
B. Riley lowered the firm’s price target on Canaan (CAN) to $1.50 from $2 and keeps a Buy rating on the shares. Canaan could offer near-term upside from its direct…
Canaan initiated with a Buy at Jones
Jones initiated coverage of Canaan (CAN) with a Buy rating and $1 price target
Canaan Inc. to Exhibit at BTCHEL Conference: Showcasing Hash-to-Heat Solutions from District Networks to Home Solutions
SINGAPORE, Sept. 24, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in computing and energy infrastructure, announced today that it will exhibit at BTCHEL, he...
Canaan provides August bitcoin production, mining operation updates
Canaan (CAN) released its unaudited bitcoin mining update for the month ending August 31. “August was a month of steady execution and active capital allocation for the Company,” said Nangeng…
Canaan Inc. Provides August 2026 Bitcoin Production and Mining Operation Updates
Sold all ETH holdings and 54 BTC near short-term highs and repurchased 13.6 million ADSs Equipment installation set to begin at Canadian compute heat recovery project SINGAPORE, Sept. 14, 2026 /PRNew...
Canaan price target lowered to 75c from $1.30 at Rosenblatt
Rosenblatt lowered the firm’s price target on Canaan (CAN) to 75c from $1.30 and keeps a Buy rating on the shares. The firm says bitcoin market headwinds and ongoing repurposing…
Canaan price target lowered to $2 from $3 at BTIG
BTIG lowered the firm’s price target on Canaan (CAN) to $2 from $3 and keeps a Buy rating on the shares after the company reported Q2 earnings. The firm expects…
Canaan Earnings Call Transcript: Q2 2026
Q2 2026 saw revenue fall below guidance due to weak Bitcoin prices and cautious miner demand, but mining operations remained a key revenue driver. The company improved its cash position, advanced Project ABC, and prioritized liquidity and asset efficiency while maintaining a cautious outlook for Q3.
Canaan Earnings release: Q2 2026
Canaan released its Q2 2026 earnings on September 8, 2026, summarizing the period's financial results.
Canaan Slides: Q2 2026
Canaan has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on September 8, 2026.
Canaan reports Q2 EPS (13c), consensus (15c)
Reports Q2 revenue $31.87M, consensus $31.2M. Nangeng Zhang, chairman, and chief executive officer of Canaan (CAN), commented, “Q2 2026 presented a difficult period for bitcoin mining, as renewed bitc...
Canaan sees Q4 revenue $11M-$15M, consensus $63.22M
“As we enter the second half of 2026, we intend to maintain disciplined inventory levels, preserve financial flexibility, and direct resources toward securing power capacity for our compute-energy inf...
Canaan Inc. Reports Unaudited Second Quarter 2026 Financial Results
Reached a record 1,915 BTC and 3,952 ETH cryptocurrency treasury [1] Mined 243 bitcoins in the Second Quarter 2026 Repurchased approximately 16.4 million ADSs for an Aggregate of US$7.4 million as of ...
Canaan Inc. to Report Second Quarter 2026 Financial Results on September 8, 2026
SINGAPORE, Sept. 1, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced that it plans to report its financial...
Canaan Inc. to Exhibit at Bitcoin Asia 2026: Company to Showcase Bitcoin Computing Solutions Across a Range of Applications
SINGAPORE, Aug. 25, 2026 /PRNewswire/ – Canaan Inc. (NASDAQ: CAN)("Canaan" or the "Company"), an innovator in computing and energy infrastructure, will be an exhibitor at the Bitcoin Asia conference, ...