B. Riley Securities initiated coverage on Canaan with a new price target
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B. Riley Securities initiated coverage of Canaan with a rating of Buy and set a new price target of $2.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2025 | $2.50 | Buy | Compass Point |
| 9/18/2024 | $2.00 | Buy | B. Riley Securities |
| 9/11/2024 | $3.00 | Buy | Rosenblatt |
| 7/6/2022 | $5.00 | Buy | H.C. Wainwright |
| 6/8/2022 | $9.00 | Buy | The Benchmark Company |
| 4/5/2022 | $15.00 | Buy | DA Davidson |
Compass Point initiated coverage of Canaan with a rating of Buy and set a new price target of $2.50
B. Riley Securities initiated coverage of Canaan with a rating of Buy and set a new price target of $2.00
Rosenblatt initiated coverage of Canaan with a rating of Buy and set a new price target of $3.00
SC 13G/A - Canaan Inc. (0001780652) (Subject)
SC 13G/A - Canaan Inc. (0001780652) (Subject)
SC 13G - Canaan Inc. (0001780652) (Subject)
6-K - Canaan Inc. (0001780652) (Filer)
6-K - Canaan Inc. (0001780652) (Filer)
6-K - Canaan Inc. (0001780652) (Filer)
- Achieves Record-high Bitcoin Mining Computing Power of 3.8EH/s Installed as of February-end 2023 - BEIJING, March 7, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months and twelve months ended December 31, 2022. Fourth Quarter 2022 Operating and Financial Highlights Total computing power sold was 1.9 million Thash/s, representing a decrease of 45.8% from 3.5 million Thash/s in the third quarter of 2022 and a decrease of 75.8% from 7.7 million Thash/s in the same period of 2021. Revenues were RMB391.9 million (US$56.8 million), representing a d
BEIJING, Feb. 23, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2022, before the U.S. market opens on March 7, 2023. The Company's management team will hold a conference call at 8:00 A.M. on March 7, 2023, U.S. Eastern Time (9:00 P.M. on the same day, Beijing Time) to discuss the financial results. Details for the conference call are as follows: Event Title: Canaan Inc. Fourth Quarter and Full Year 2022 Earnings Conference CallRegistration Link: http
BEIJING, Nov. 14, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended September 30, 2022. Third Quarter 2022 Operating and Financial Highlights Total computing power sold was 3.5 million Thash/s, representing a decrease of 37.1% from 5.5 million Thash/s in the second quarter of 2022 and a decrease of 48.5% from 6.7 million Thash/s in the same period of 2021. Revenues were RMB978.2 million (US$137.5 million), representing a decrease of 40.8% from RMB1,652.7 million in the second quarter of 2022 and a decrease of 25.8% from RMB1,317.6 millio
U.S. Urology Partners announced today that internationally recognized technology leader Chris Boult has joined the company as Chief Information Officer. U.S. Urology Partners is one of the nation's largest independent providers of urological and related specialty services, including general urology, surgical and robotic procedures, advanced cancer treatment and other ancillary services. Boult will lead information technology strategy and initiatives for the rapidly growing U.S. Urology Partners clinical network which now consists of more than 50 locations throughout the East Coast and Midwest. U.S. Urology Partners partnered with NMS Capital in 2018 to support urology practices in communi
BEIJING, Sept. 13, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has dismissed PricewaterhouseCoopers Zhong Tian LLP ("PwC") as the Company's independent auditor on September 9, 2021 and has approved the appointment of KPMG Huazhen LLP ("KPMG") as the independent auditor of the Company, effective September 13, 2021. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the Audit Committee and the Board of Directors of the Company. The reports of PwC on the Company's consolidated financial statements as of and f
BEIJING, Aug. 2, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the appointment of Mr. James Jin Cheng to the position of Chief Financial Officer, effective immediately. Mr. Tong He will cease to serve as the Company's acting Chief Financial Officer but will maintain his position as the Company's Director of Finance. Mr. Cheng has more than 20 years of experience in financial planning and management. Prior to joining Canaan, Mr. Cheng served as a Vice President for Zhaopin.com, a career platform in China formerly listed on the NYSE, from September 2015 to July 2021. Between September 2013 to
SINGAPORE, March 27, 2025 /PRNewswire/ -- Canaan Inc. introduces Avalon Q, a professional-grade Bitcoin mining machine specifically designed for home users. This breakthrough product combines institutional-level computing power with household power compatibility and whisper-quiet operation, making professional Bitcoin mining accessible to everyday enthusiasts. The Avalon Q offers up to 90 TH/s hash power with adjustable consumption (800W-1600W), making it adaptable to standard home electrical systems. This flexibility allows home miners to optimize their operation based on electricity costs and mining profitability. The Avalon Q is also the first professional-grade Bitcoin miner to support 1
MIDLAND, Pa., March 26, 2025 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson" or "the Company"), a publicly-traded technology company focused on digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets markets, today announced that it has signed a significant new digital colocation customer agreement with Canaan Inc., a NASDAQ-listed publicly traded company (NASDAQ:CAN), further growing and expanding its digital colocation business with latest-generation application-specific integrated circuit machines (ASICs). The new customer colocation agreement executed between Mawson's President and CEO Rahul M
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 312.5% YoY SINGAPORE, March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months and twelve months ended December 31, 2024. Fourth Quarter 2024 Operating and Financial Highlights Total revenues were US$88.8 million, which beat the guidance of US$80 million and increased 80.9% year-over-year. Total computing power sold was 9.1 million Terahash per second (TH/s), representing