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CAN Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
0.290
Open
0.290
VWAP
0.28
Vol
3.67M
Mkt Cap
216.20M
Low
0.267
Amount
1.01M
EV/EBITDA(TTM)
--
Total Shares
745.50M
EV
189.81M
EV/OCF(TTM)
--
P/S(TTM)
0.25
Canaan Inc. provides high performance computing solutions through its proprietary application-specific integrated circuits (ASICs). The Company is a fabless IC designer engaged in the front-end and back-end of IC design. The Company primarily offers its technology and expertise in ASIC applications to Bitcoin mining machines and is also a producer of Bitcoin mining machines in the global market. The Company, through its subsidiaries, independently designs and develops its products in-house, including the design of proprietary ASIC chips for its Bitcoin mining machines. It has in-house production capabilities to assemble both Bitcoin mining machines and artificial intelligence (AI) chips. It assembles its Bitcoin mining machines primarily at its assembly plant located in the People’s Republic of China (PRC) by integrating the ICs designed by the Company and related components it procures. It also intends to engage in Bitcoin mining through self-owned facilities.
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Events Timeline

(ET)
2026-06-12
10:00:00
Coinbase Introduces AI Agent Feature, MassPay Partners with Coinbase
select
2026-06-11 (ET)
2026-06-11
09:30:00
Canaan Achieves 1,867 BTC in Bitcoin Holdings
select
2026-05-19 (ET)
2026-05-19
11:50:00
Warren Questions OCC Trust Charters for Coinbase and Others
select
2026-05-19
06:30:00
Canaan Selected to Support Nordic District Heating Network
select
2026-05-14 (ET)
2026-05-14
09:10:00
Canaan Achieves Record Bitcoin Holdings of 1,826 BTC in April
select
2026-04-17 (ET)
2026-04-17
10:00:00
Charles Schwab Launches Crypto Trading Service
select

News

PRnewswire
8.5
07-06PRnewswire
PinnedCanaan Inc. Transfers to Nasdaq Capital Market for Compliance
  • Transfer Announcement: Canaan Inc. has announced the transfer of its American Depositary Shares (ADS) from the Nasdaq Global Market to the Nasdaq Capital Market, effective July 1, 2026, aimed at meeting ongoing listing requirements and enhancing operational flexibility.
  • Extended Compliance Period: The company received a notice from Nasdaq on January 14, 2026, indicating non-compliance due to its ADS closing price being below $1 for 30 consecutive trading days, and is now applying for an additional 180-day compliance period to regain compliance, which, if approved, will help maintain its listing status.
  • Market Impact: Following the transfer, Canaan's ADS continues to trade on Nasdaq, and the operational framework of the Nasdaq Capital Market is substantially similar to that of the Global Market, ensuring that the compliance process does not affect trading liquidity.
  • Strategic Goals: CEO Nangeng Zhang stated that the transfer provides maximum flexibility for executing long-term strategies, focusing on hardware manufacturing and the convergence of energy and computing to enhance shareholder value and address evolving global compute demands.
Yahoo Finance
4.5
06-24Yahoo Finance
Asian Equities Rise as ADRs Track Higher in the US
  • Market Dynamics: Asian equities showed strong performance during US trading hours on Wednesday morning, reflecting investor optimism regarding global economic recovery, which in turn boosted related American Depositary Receipts (ADRs).
  • Investor Confidence: With improving US economic data, the market holds a positive outlook on the earnings prospects of Asian companies, which is expected to attract further foreign capital inflows and enhance market vitality.
  • Regional Performance: Major stock indices in Japan, South Korea, and China all experienced gains, indicating signs of economic recovery in the region, particularly in the technology and consumer goods sectors.
  • External Factors: Expectations surrounding changes in the Federal Reserve's monetary policy are also influencing investor sentiment, prompting a shift of funds towards risk assets and further driving the rise of Asian equities.
seekingalpha
2.0
06-24seekingalpha
Canaan Executives Increase Stock Holdings
  • Executive Stock Purchases: Canaan's CEO Nangeng Zhang and CFO Jin Cheng recently acquired a total of 1,065,000 American Depositary Shares at an average price of $0.35 per ADS, indicating strong confidence in the company's future prospects.
  • Positive Market Reaction: Following the announcement of the stock purchases, Canaan's shares rose over 2% in premarket trading, reflecting investor optimism and potentially boosting market confidence in the company's stock.
  • Bitcoin Mining Performance: In May, Canaan mined 90 Bitcoins, contributing to an all-time high in its crypto treasury, which underscores the company's ongoing competitiveness in the cryptocurrency market.
  • Cautious Future Outlook: Despite the positive executive purchases and strong Bitcoin mining results, Canaan's stock fell 13% due to mining pressures impacting Q1 results, leading to a cautious market outlook regarding future performance.
PRnewswire
8.5
06-24PRnewswire
Canaan Management's Stock Purchases Highlight Confidence in Long-Term Growth
  • Management Purchases: Canaan's Chairman and CEO Nangeng Zhang, along with CFO Jin Cheng, purchased a total of 1,065,000 American Depositary Shares at an average price of $0.35 per share, demonstrating strong confidence in the company's future growth prospects.
  • Strategic Confidence: Zhang stated that these purchases reflect their conviction in the company's long-term strategy, believing that the convergence of energy and computing will create significant value in the coming years, thereby reinforcing alignment with shareholder interests.
  • Market Opportunities: The company plans to expand its presence in mining infrastructure, energy-related initiatives, and emerging computing opportunities, positioning itself favorably in a rapidly evolving market landscape through its hardware expertise and operational experience.
  • Industry Leadership: Established in 2013, Canaan has extensive experience in ASIC high-performance computing chip design and production, successfully going public in 2019, which further solidifies its leadership position in the cryptocurrency mining industry.
Newsfilter
5.0
06-24Newsfilter
Canaan Executives Boost Stock Holdings, Signaling Confidence
  • Executive Stock Purchases: Canaan's Chairman and CEO Nangeng Zhang, along with CFO Jin Cheng, purchased a total of 1,065,000 American Depositary Shares at an average price of $0.35 per share, demonstrating their confidence in the company's long-term growth strategy.
  • Expression of Strategic Confidence: Zhang stated that these stock purchases reflect their strong belief in the future opportunities for Canaan, particularly as the convergence of energy and computing is expected to create significant value.
  • Strengthened Market Positioning: Canaan is expanding its business across mining infrastructure, energy-related initiatives, and emerging computing opportunities, leveraging its hardware expertise and operational experience to enhance competitiveness in a rapidly evolving market.
  • Company Background Overview: Founded in 2013, Canaan focuses on ASIC high-performance computing chip design and production, successfully going public on the Nasdaq in 2019, establishing itself as a technology innovator in the industry while continuously advancing mining equipment research and market application.
seekingalpha
7.5
06-11seekingalpha
Canaan Releases May 2026 Bitcoin Mining Update
  • Bitcoin Production: Canaan reported a total production of 114 BTC in May 2026, comprising 90 BTC from self-mining and 24 BTC from customers, indicating stable operational capacity in the competitive Bitcoin market.
  • Crypto Treasury Growth: The company's crypto treasury reached a record high of 1,870 BTC and 3,950 Ethereum by the end of May, reflecting strong performance and effective asset management in the cryptocurrency sector.
  • Hashrate and Efficiency Gains: With an installed hashrate of 10.05 EH/s and an operating hashrate of 6.47 EH/s, global mining efficiency improved by 13.5% year-over-year to 23.7 J/TH, showcasing successful cost control and technological optimization efforts.
  • Project Expansion and Partnerships: Canaan operates 12 mining projects globally with a total computing power of 14.96 EH/s and has expanded its 8 MW Nordic hash-to-heat project, further strengthening its partnership with Tether, demonstrating strategic positioning in the industry.
Wall Street analysts forecast CAN stock price to rise
5 Analyst Rating
Wall Street analysts forecast CAN stock price to rise
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
1.75
Averages
2.85
High
4.00
Current: 0.000
sliders
Low
1.75
Averages
2.85
High
4.00
Rosenblatt
Rosenblatt
Buy
downgrade
AI Analysis
2026-05-20
Reason
Rosenblatt
Rosenblatt
Price Target
AI Analysis
2026-05-20
downgrade
Buy
Reason
Rosenblatt lowered the firm's price target on Canaan to $1.30 from $2.25 and keeps a Buy rating on the shares post the Q1 report. The company is "persevering" through declining bitcoin prices and increasing energy costs, the analyst tells investors in a research note. The firm says Canaan is making strategic moves to become a more vertically integrated bitcoin miner while diversifying into home markets and cutting costs.
B. Riley
Buy
downgrade
$2
2026-02-25
Reason
B. Riley
Price Target
$2
2026-02-25
downgrade
Buy
Reason
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 results and the acquisition of Cipher Mining's (CIFR) 49% stake in three West Texas sites, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for CAN
Unlock Now

Valuation Metrics

The current forward P/E ratio for Canaan Inc (CAN.O) is 2.51, compared to its 5-year average forward P/E of -2.09. For a more detailed relative valuation and DCF analysis to assess Canaan Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-2.09
Current PE
2.51
Overvalued PE
70.10
Undervalued PE
-74.27

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
1.96
Current EV/EBITDA
-0.45
Overvalued EV/EBITDA
15.01
Undervalued EV/EBITDA
-11.09

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.93
Current PS
0.33
Overvalued PS
1.51
Undervalued PS
0.35

Financials

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Whales Holding CAN

W
Weiss Asset Management, LLC
Holding
CAN
+6.29%
3M Return

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Frequently Asked Questions

What is Canaan Inc (CAN) stock price today?

The current price of CAN is 0.26825 USD — it has decreased -7.59

What is Canaan Inc (CAN)'s business?

Canaan Inc. provides high performance computing solutions through its proprietary application-specific integrated circuits (ASICs). The Company is a fabless IC designer engaged in the front-end and back-end of IC design. The Company primarily offers its technology and expertise in ASIC applications to Bitcoin mining machines and is also a producer of Bitcoin mining machines in the global market. The Company, through its subsidiaries, independently designs and develops its products in-house, including the design of proprietary ASIC chips for its Bitcoin mining machines. It has in-house production capabilities to assemble both Bitcoin mining machines and artificial intelligence (AI) chips. It assembles its Bitcoin mining machines primarily at its assembly plant located in the People’s Republic of China (PRC) by integrating the ICs designed by the Company and related components it procures. It also intends to engage in Bitcoin mining through self-owned facilities.

What is the price predicton of CAN Stock?

Wall Street analysts forecast CAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAN is2.85 USD with a low forecast of 1.75 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Canaan Inc (CAN)'s revenue for the last quarter?

Canaan Inc revenue for the last quarter amounts to 62.69M USD, decreased -24.26

What is Canaan Inc (CAN)'s earnings per share (EPS) for the last quarter?

Canaan Inc. EPS for the last quarter amounts to -0.02 USD, decreased -0.00

How many employees does Canaan Inc (CAN). have?

Canaan Inc (CAN) has 399 emplpoyees as of July 07 2026.

What is Canaan Inc (CAN) market cap?

Today CAN has the market capitalization of 216.20M USD.