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    Canaan Inc.

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    $CAN
    Semiconductors
    Technology

    Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China.

    IPO Year: 2019

    Exchange: NASDAQ

    Website: canaan-creative.com

    Recent Analyst Ratings for Canaan Inc.

    DatePrice TargetRatingAnalyst
    6/18/2025$1.50Market Perform
    Northland Capital
    5/6/2025$3.00Buy
    The Benchmark Company
    3/18/2025$2.50Buy
    Compass Point
    9/18/2024$2.00Buy
    B. Riley Securities
    9/11/2024$3.00Buy
    Rosenblatt
    7/6/2022$5.00Buy
    H.C. Wainwright
    6/8/2022$9.00Buy
    The Benchmark Company
    4/5/2022$15.00Buy
    DA Davidson
    See more ratings

    Canaan Inc. Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Northland Capital initiated coverage on Canaan with a new price target

      Northland Capital initiated coverage of Canaan with a rating of Market Perform and set a new price target of $1.50

      6/18/25 9:14:15 AM ET
      $CAN
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      Technology
    • The Benchmark Company initiated coverage on Canaan with a new price target

      The Benchmark Company initiated coverage of Canaan with a rating of Buy and set a new price target of $3.00

      5/6/25 8:05:47 AM ET
      $CAN
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      Technology
    • Compass Point initiated coverage on Canaan with a new price target

      Compass Point initiated coverage of Canaan with a rating of Buy and set a new price target of $2.50

      3/18/25 7:49:08 AM ET
      $CAN
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      Technology
    • B. Riley Securities initiated coverage on Canaan with a new price target

      B. Riley Securities initiated coverage of Canaan with a rating of Buy and set a new price target of $2.00

      9/18/24 7:31:44 AM ET
      $CAN
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      Technology
    • Rosenblatt initiated coverage on Canaan with a new price target

      Rosenblatt initiated coverage of Canaan with a rating of Buy and set a new price target of $3.00

      9/11/24 7:34:34 AM ET
      $CAN
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    • H.C. Wainwright initiated coverage on Canaan with a new price target

      H.C. Wainwright initiated coverage of Canaan with a rating of Buy and set a new price target of $5.00

      7/6/22 9:46:14 AM ET
      $CAN
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    • The Benchmark Company initiated coverage on Canaan with a new price target

      The Benchmark Company initiated coverage of Canaan with a rating of Buy and set a new price target of $9.00

      6/8/22 7:07:19 AM ET
      $CAN
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    • DA Davidson initiated coverage on Canaan with a new price target

      DA Davidson initiated coverage of Canaan with a rating of Buy and set a new price target of $15.00

      4/5/22 8:46:14 AM ET
      $CAN
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    Canaan Inc. SEC Filings

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    • SEC Form 6-K filed by Canaan Inc.

      6-K - Canaan Inc. (0001780652) (Filer)

      6/23/25 7:15:00 AM ET
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    • SEC Form 6-K filed by Canaan Inc.

      6-K - Canaan Inc. (0001780652) (Filer)

      6/10/25 7:04:24 AM ET
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    • SEC Form 6-K filed by Canaan Inc.

      6-K - Canaan Inc. (0001780652) (Filer)

      6/9/25 8:28:29 AM ET
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    • SEC Form 6-K filed by Canaan Inc.

      6-K - Canaan Inc. (0001780652) (Filer)

      5/27/25 6:30:23 AM ET
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    • SEC Form 6-K filed by Canaan Inc.

      6-K - Canaan Inc. (0001780652) (Filer)

      5/20/25 6:27:54 AM ET
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    • SEC Form 6-K filed by Canaan Inc.

      6-K - Canaan Inc. (0001780652) (Filer)

      5/16/25 5:01:47 PM ET
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    • SEC Form 6-K filed by Canaan Inc.

      6-K - Canaan Inc. (0001780652) (Filer)

      5/15/25 7:17:30 AM ET
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    • Amendment: SEC Form 20-F/A filed by Canaan Inc.

      20-F/A - Canaan Inc. (0001780652) (Filer)

      4/21/25 6:07:16 AM ET
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    • SEC Form S-8 filed by Canaan Inc.

      S-8 - Canaan Inc. (0001780652) (Filer)

      4/18/25 4:30:49 PM ET
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    • SEC Form 20-F filed by Canaan Inc.

      20-F - Canaan Inc. (0001780652) (Filer)

      4/18/25 4:01:03 PM ET
      $CAN
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    Canaan Inc. Press Releases

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    • Canaan Inc. Announces Strategic Realignment

      Company to discontinue its non-core AI semiconductor business to sharpen focus on crypto-related businesses SINGAPORE, June 23, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has commenced a strategic realignment aimed at sharpening its focus on its core businesses of bitcoin mining machine sales, self-mining operations, and consumer mining products. As part of this initiative, the Company will discontinue its non-core AI semiconductor business unit, described in the annual report for the year ended December 31, 2024 as "ASICs for edge computing applications", with the process expected to conclude in the comin

      6/23/25 6:30:00 AM ET
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    • Canaan Inc. Provides May 2025 Bitcoin Production and Mining Operation Updates

      SINGAPORE, June 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending May 31, 2025. Management Commentary "In May 2025, despite the 10% increase in tariffs on our Malaysia-made Bitcoin mining machines due to ongoing U.S. trade uncertainties, we remained focused on executing our strategic priorities with discipline and agility," said Nangeng Zhang, chairman and chief executive officer of Canaan. "By capitalizing on the favorable momentum in bitcoin prices, we achieved a 25% month-over-month increase in our bitcoin production, reaching a record 109 bitcoins. This per

      6/10/25 6:30:00 AM ET
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    • Canaan Inc. Announces Share Purchases by Chief Executive Officer and Chief Financial Officer

      SINGAPORE, June 9, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its chairman and chief executive officer, Nangeng Zhang, and its chief financial officer, James Jin Cheng, had purchased additional shares of the Company's stock in the open market. Such transactions complied with the Company's internal trading policy as well as relevant laws and regulations. Mr. Zhang and Mr. Cheng together acquired an aggregate of 817,268 American Depositary Shares ("ADSs") at an average price of US$0.76 per ADS. These purchases demonstrate their continued confidence in the Company's long-term prospects. "My share purchase under

      6/9/25 7:30:00 AM ET
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    • Canaan Inc. Announces Up to US$30 Million Share Repurchase Program

      SINGAPORE, May 27, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may repurchase up to US$30 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares, over the next six months starting from May 27, 2025. Nangeng Zhang, chairman and chief executive officer of Canaan, commented, "In light of the recent market conditions, we believe that our shares are trading at levels that materially undervalue the strength of our

      5/27/25 6:00:00 AM ET
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    • Canaan Inc. Reports Unaudited First Quarter 2025 Financial Results

      Total revenues of US$82.8 million exceeded guidance, up 135.9% YoY Bitcoin mining revenues reached US$24.3 million, up 131.9% YoY SINGAPORE, May 20, 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 ended March 31, 2025. First Quarter 2025 Operating and Financial Highlights Total revenues were US$82.8 million, which beat the guidance of US$75 million and increased 135.9% year-over-year. Total computing power sold was 5.5 million Terahash per second (TH/s), representing a year-over-year increase of 62.6%. Mining revenue was US$24.3 million and increased 131.9% year-ove

      5/20/25 5:30:00 AM ET
      $CAN
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    • Canaan Inc. Receives Nasdaq Notification Regarding Minimum Bid Requirements

      SINGAPORE, May 16, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that on May 13, 2025, it received a written notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price of its American depositary shares (the "ADSs") was below US$1.00 per share for the last 30 consecutive business days. The Nasdaq notification letter has no immediate effect on the listing or trading of the Company's securities on Nasdaq. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar-day com

      5/16/25 4:30:00 PM ET
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    • Canaan Inc. Provides April 2025 Bitcoin Production and Mining Operation Updates

      SINGAPORE, May 14, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending April 30, 2025. Management Commentary "Our April production metrics demonstrate our ability to maintain a cost-effective mining operation on a global scale, as we expand our footprint and grow our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan. "Consistent with our policy, we utilized a portion of our mined bitcoins to cover mining-related expenditures, including post-period settlement expenses. While we accumulated slightly fewer bitcoins than in March due t

      5/14/25 4:10:00 PM ET
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    • Canaan Inc. to Report First Quarter 2025 Financial Results on May 20, 2025

      SINGAPORE, May 12, 2025 /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 first quarter ended March 31, 2025, before the U.S. market opens on May 20, 2025. The Company's management team will hold a conference call at 8:00 A.M. on May 20, 2025, U.S. Eastern Time (8:00 P.M. on the same day, Singapore Time) to discuss the financial results. Details for the conference call are as follows: Event Title: Canaan Inc. First Quarter 2025 Earnings Conference Call Registration Link: https://register-conf.media-server.com/register/BI5209e6bc41a444668d61b62fb0e465c9 All participants m

      5/12/25 6:30:00 AM ET
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    • Canaan Inc. Files 2024 Annual Report on Form 20-F

      SINGAPORE, April 21, 2025 /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 fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 18, 2025. The annual report can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at https://investor.canaan-creative.com/. The Company will provide a hard copy of the annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company's Investor Relations Department at [email protected]. About

      4/21/25 6:45:00 AM ET
      $CAN
      Semiconductors
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    • Canaan Inc. to Participate in Jefferies Power x Coin Virtual Conference

      SINGAPORE, April 15, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that the Company will participate in the Jefferies Power x Coin Virtual Conference on April 16, 2025, at 2 pm ET. For more information about the conference, please contact your representative at Jefferies or contact the Company at [email protected]. About Canaan Inc. Established in 2013, Canaan Inc. (NASDAQ:CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined produc

      4/15/25 6:00:00 AM ET
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      Semiconductors
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    Canaan Inc. Leadership Updates

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    • Global Technology Leader Chris Boult Joins U.S. Urology Partners as Chief Information Officer

      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

      7/30/24 6:39:00 AM ET
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    • Canaan Announces Change of Auditor

      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

      9/13/21 11:15:00 PM ET
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      Semiconductors
      Technology
    • Canaan Announces Appointment of Chief Financial Officer

      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

      8/2/21 7:00:00 AM ET
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    Canaan Inc. Large Ownership Changes

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    • Amendment: SEC Form SC 13G/A filed by Canaan Inc.

      SC 13G/A - Canaan Inc. (0001780652) (Subject)

      10/24/24 2:46:52 PM ET
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    • SEC Form SC 13G/A filed by Canaan Inc. (Amendment)

      SC 13G/A - Canaan Inc. (0001780652) (Subject)

      2/8/24 8:02:10 PM ET
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    • SEC Form SC 13G filed by Canaan Inc.

      SC 13G - Canaan Inc. (0001780652) (Subject)

      12/20/23 11:48:48 AM ET
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    • SEC Form SC 13G/A filed by Canaan Inc. (Amendment)

      SC 13G/A - Canaan Inc. (0001780652) (Subject)

      2/14/23 8:45:14 AM ET
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    • SEC Form SC 13G/A filed by Canaan Inc. (Amendment)

      SC 13G/A - Canaan Inc. (0001780652) (Subject)

      2/14/22 6:22:38 AM ET
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    • SEC Form SC 13G/A filed by Canaan Inc. (Amendment)

      SC 13G/A - Canaan Inc. (0001780652) (Subject)

      2/14/22 6:11:59 AM ET
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    • SEC Form SC 13G/A filed by Canaan Inc. (Amendment)

      SC 13G/A - Canaan Inc. (0001780652) (Subject)

      2/8/22 8:29:07 AM ET
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    • SEC Form SC 13G/A filed

      SC 13G/A - Canaan Inc. (0001780652) (Subject)

      2/10/21 6:27:58 AM ET
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    • SEC Form SC 13G/A filed

      SC 13G/A - Canaan Inc. (0001780652) (Subject)

      2/10/21 6:25:00 AM ET
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    • SEC Form SC 13G/A filed

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      2/10/21 6:22:31 AM ET
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    Canaan Inc. Financials

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    • Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results

      - 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

      3/7/23 5:15:00 AM ET
      $CAN
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    • Canaan Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 7, 2023

      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

      2/23/23 5:00:00 AM ET
      $CAN
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    • Canaan Inc. Reports Unaudited Third Quarter 2022 Financial Results

      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

      11/14/22 3:30:00 AM ET
      $CAN
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    • Canaan Inc. to Report Third Quarter 2022 Financial Results on November 14, 2022

      BEIJING, Nov. 4, 2022 /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 third quarter ended September 30, 2022, before the U.S. market opens on November 14, 2022. The Company's management team will hold a conference call at 7:00 A.M. on November 14, 2022, U.S. Eastern Time (8:00 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. Third Quarter 2022 Earnings Conference CallRegistration Link:                 https://register.vevent.c

      11/4/22 5:00:00 AM ET
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    • Canaan Inc. Reports Unaudited Second Quarter 2022 Financial Results

      BEIJING, Aug. 18, 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 June 30, 2022. Second Quarter 2022 Operating and Financial Highlights Total computing power sold was 5.5 million Thash/s, representing an increase of 27.5% from 4.3 million Thash/s in the first quarter of 2022 and a decrease of 7.7% from 5.9 million Thash/s in the same period of 2021. Revenues were RMB1,652.7 million (US$246.7 million), representing an increase of 21.9% from RMB1,356.1 million in the first quarter of 2022 and an increase of 52.8% from RMB1,081.8 million

      8/18/22 4:50:00 AM ET
      $CAN
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    • Canaan Inc. to Report Second Quarter 2022 Financial Results on August 18, 2022

      BEIJING, Aug. 3, 2022 /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 second quarter ended June 30, 2022, before the U.S. market opens on August 18, 2022. The Company's management team will hold a conference call at 8:00 A.M. on August 18, 2022, U.S. Eastern Time (8:00 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. Second Quarter 2022 Earnings Conference Call        Registration Link:                 https://register.vevent.c

      8/3/22 8:30:00 AM ET
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    • Canaan Inc. Reports Unaudited First Quarter 2022 Financial Results

      BEIJING, May 19, 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 March 31, 2022. First Quarter 2022 Operating and Financial Highlights Total computing power sold was 4.3 million Thash/s, representing an increase of 119.1% from 2.0 million Thash/s in the same period of 2021. Revenues were RMB1,356.1 million (US$213.9 million), representing an increase of 236.7% from RMB402.8 million in the same period of 2021. Gross profit was RMB829.8 million (US$130.9 million), representing an increase of 327.2% from RMB194.2 million in the same perio

      5/19/22 4:45:00 AM ET
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    • Canaan Inc. to Report First Quarter 2022 Financial Results on May 19, 2022

      BEIJING, May 9, 2022 /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 first quarter ended March 31, 2022, before the U.S. market opens on May 19, 2022. The Company's management team will hold a Direct Event earnings conference call at 8:00 A.M. on May 19, 2022, U.S. Eastern Time (8:00 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. First Quarter 2022 Earnings Conference Call        Registration Link: http://apac.directeventreg.com/registration/event/473

      5/9/22 4:30:00 PM ET
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    • Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2021 Financial Results

      BEIJING, March 3, 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 and twelve months ended December 31, 2021. Fourth Quarter 2021 Operating and Financial Highlights Total computing power sold was 7.7 million Thash/s, compared to 0.2 million Thash/s in the same period of 2020, and up 15.5% from 6.7 million Thash/s in the third quarter of 2021, setting a new record. The robust year-over-year and sequential increases were mainly driven by the solid market demand and the responsive delivery of Bitcoin mining machines. As of December 31, 2021, the

      3/3/22 6:00:00 AM ET
      $CAN
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    • Canaan Inc. to Report Fourth Quarter and Full Year 2021 Financial Results on March 3, 2022

      BEIJING, Feb. 17, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to release its fourth quarter and full year 2021 financial results before the market opens on Thursday, March 3, 2022. The Company's management team will hold a Direct Event conference call on Thursday, March 3, 2022, at 7:00 A.M. Eastern Time (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows: Event Title: Canaan Inc. Fourth Quarter and Full Year 2021 Earnings Conference Call    Registration Link:  http://apac.directeventreg.com/registrati

      2/17/22 9:00:00 AM ET
      $CAN
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