Canaan Inc. (CAN)
| Market Cap | 304.19M -2.2% |
| Revenue (ttm) | 509.65M +60.8% |
| Net Income | -212.58M |
| EPS | -0.38 |
| Shares Out | 744.84M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,392,907 |
| Open | 0.4000 |
| Previous Close | 0.4133 |
| Day's Range | 0.3931 - 0.4086 |
| 52-Week Range | 0.3806 - 2.2200 |
| Beta | 2.66 |
| Analysts | Strong Buy |
| Price Target | 1.69 (+313.81%) |
| Earnings Date | May 19, 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 7 analysts, the average rating for CAN stock is "Strong Buy." The 12-month stock price target is $1.69, which is an increase of 313.81% from the latest price.
News
Canaan price target lowered to $1.30 from $2.25 at Rosenblatt
Rosenblatt lowered the firm’s price target on Canaan (CAN) to $1.30 from $2.25 and keeps a Buy rating on the shares post the Q1 report. The company is “persevering” through…
Canaan Earnings Call Transcript: Q1 2026
Q1 2026 saw revenue of $62.7M amid Bitcoin price volatility and industry caution, with strong North American sales and mining expansion. The company completed the ABC Projects acquisition, maintained disciplined cost control, and guided Q2 revenue of $35–$45M.
Canaan Earnings release: Q1 2026
Canaan released its Q1 2026 earnings on May 19, 2026, summarizing the period's financial results.
Canaan Slides: Q1 2026
Canaan has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 19, 2026.
Canaan selected to support district heating network in Nordic region
Canaan (CAN) announced that it has been selected to support a district heating network in the Nordic region. The heating solution, developed in partnership with a Nordic heating provider, utilizes…
Canaan Inc. Reports Unaudited First Quarter 2026 Financial Results
Revenue of US$62.7 million was in line with guidance; cryptocurrency treasury[1] reached a record 1,807.60 BTC and 3,951.53 ETH as of March 31, 2026 Installed mining computing power across 10 joint-mi...
Canaan Inc. Wins Competitive Bid to Provide Hash-to-Heat Equipment to Nordic District Heating Network
High-temperature heat reuse converts compute waste into scalable district heating infrastructure Project provides additional validation of Canaan's expansion into energy-integrated compute infrastruc...
Bitcoin Back to Its Roots: Canaan Inc. Joins "The Renaissance of Home Mining" Roundtable at Bitcoin 2026
SINGAPORE, May 19, 2026 /PRNewswire/ -- At the Bitcoin 2026 conference in Las Vegas, Canaan Inc. (NASDAQ: CAN) was invited to participate in the roundtable discussion titled "Bitcoin's Return to Its R...
Canaan mines 90 Bitcoins in April 2026
Canaan (CAN) released unaudited bitcoin mining update for April 2026. Cannan achieved record high cryptocurrency holdings of 1,826 BTC and 3,952 ETH. Installed hashrate grew 34.6% year-over-year to 10...
Canaan Inc. Provides April 2026 Bitcoin Production and Mining Operation Updates
Achieved record high cryptocurrency treasury of 1,826 BTC and 3,952 ETH Installed hashrate grew 34.6% year-over-year to 10.97 EH/s, excluding hashrate from JV SINGAPORE, May 14, 2026 /PRNewswire/ -...
Canaan Inc. to Report First Quarter 2026 Financial Results on May 19, 2026
SINGAPORE, May 12, 2026 /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 firs...
Canaan Inc. Extends Collaboration with Tether on New Form Factors for Mining and Compute Systems
Canaan has successfully developed customized hash boards for Tether under a pre-agreed R&D framework Modular architecture enables higher compute density, reduced waste, simplified maintenance, and eas...
Canaan Inc. Files 2025 Annual Report on Form 20-F
SINGAPORE, April 15, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has filed its annual report on Form 20-F for the...
Canaan Inc. Provides March 2026 Bitcoin Production and Mining Operation Updates
Expanded North American capacity with over 10 MW added Achieved record high cryptocurrency treasury of 1,808 BTC and 3,952 ETH SINGAPORE, April 15, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Can...
Canaan Inc. to Present at Jefferies Virtual Power x Data Center Conference
SINGAPORE, March 31, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it will present at the Jefferies Virtual Power x Da...
Canaan management to meet with Rosenblatt
Meeting to be held in New York on March 23-26 hosted by Rosenblatt.
Canaan management to meet with Rosenblatt
Meeting to be held in Baltimore on March 19 and in Philadelphia on March 20 hosted by Rosenblatt.
Canaan provides February 2026 bitcoin production and mining operation updates
Canaan (CAN) released its unaudited bitcoin mining update for February 2026. “Our continued strategic execution highlights the importance of integrating energy resources into our strategy as we streng...
Canaan Inc. Provides February 2026 Bitcoin Production and Mining Operation Updates
Doubles down on energy strategy with West Texas joint venture SINGAPORE, March 10, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today rele...
Canaan says CEO, CFO purchase 1.46M American Depositary Shares
Canaan (CAN) announced that its chairman and CEO, Nangeng Zhang, and CFO, Jin “James” Cheng, had purchased additional shares of the company’s stock in the open market. The purchases were…
Canaan Inc. Announces Open Market Share Purchases by Chief Executive Officer and Chief Financial Officer
SINGAPORE, March 3, 2026 /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...
Canaan price target lowered to $2 from $2.50 at B. Riley
B. Riley lowered the firm’s price target on Canaan (CAN) to $2 from $2.50 and keeps a Buy rating on the shares. The revised price target reflects the company’s Q4…
Canaan acquires Cipher Mining’s interest in multiple Texas mining projects
Canaan (CAN) has acquired Cipher Mining’s (CIFR) 49% equity interest in the joint venture comprising Alborz LLC, Bear LLC, and Chief Mountain LLC – collectively, the ABC Projects. Following the…
Canaan Inc. Acquires Cipher Mining's Interest in Multiple Operational Mining Projects Totaling ~4.4 EH/s in West Texas
Acquires 49% equity interest in Alborz LLC, Bear LLC, and Chief Mountain LLC Adds Cipher Mining as significant shareholder through non-cash transaction Includes acquisition of 6,840 Avalon® A15Pro m...
Canaan price target lowered to $2.25 from $2.50 at Rosenblatt
Rosenblatt lowered the firm’s price target on Canaan (CAN) to $2.25 from $2.50 and keeps a Buy rating on the shares. The firm sees Q1 as the trough for revenue…