Welcome to our dedicated page for Canaan American news (Ticker: CAN), a resource for investors and traders seeking the latest updates and insights on Canaan American stock.
Canaan Inc. reports developments tied to ASIC high-performance computing chips, Avalon bitcoin mining machines, and its own crypto mining operations. News commonly covers mining equipment orders, customized hash board modules, immersion-cooled system designs, software and hardware services, and the company’s monthly bitcoin production, hashrate, power-cost and cryptocurrency treasury updates.
Canaan’s updates also include energy-linked mining infrastructure, North American site expansion, completed acquisitions of mining project interests, ADS and Class A ordinary share actions, share repurchase activity, beneficial ownership disclosures, annual report filings, conference participation, and Nasdaq listing-compliance notices affecting its American depositary shares.
Canaan (CAN) reported unaudited second quarter 2026 results with total revenue of US$31.9 million amid a challenging bitcoin mining environment.
Revenue fell from US$62.7 million in Q1 2026 and US$100.2 million a year earlier, with products revenue dropping to US$13.6 million on weaker rig demand and lower selling prices, and mining revenue at US$17.7 million due to a lower average bitcoin price. Cost of revenues was US$61.2 million, leading to a gross loss of US$29.3 million. Net loss widened to US$97.6 million, driven by a US$25.3 million inventory and prepayment write-down and reserve, a US$9.2 million impairment of property and equipment, and an US$18.2 million loss from fair value changes in cryptocurrency and derivatives.
The company produced 243 bitcoins in Q2 and held a record digital asset treasury of about 1,915.5 BTC and 3,951.7 ETH, while maintaining an all-in power cost of around US$0.04–0.043/kWh and non‑JV installed mining power of 10.05 EH/s. As of September 8, 2026, Canaan had repurchased roughly 16.4 million ADSs for US$7.4 million, funded in part by late‑August sales of 3,952 ETH and 54 bitcoins that generated about US$13.9 million in cash.
Canaan (NASDAQ: CAN) announced it will release its second quarter 2026 financial results, for the period ended June 30, 2026, before the U.S. market opens on September 8, 2026. Management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time / 8:00 P.M. Singapore Time the same day.
Investors must register in advance via the provided online registration link to receive dial-in numbers and a unique access PIN. Questions can be emailed to IR@canaan-creative.com up to 24 hours before the call, and a live and archived webcast will be available on Canaan's investor relations website.
Canaan (NASDAQ: CAN) will exhibit at the Bitcoin Asia conference from August 27–28, 2026, at the Hong Kong Convention and Exhibition Centre. The company will present its “From Enterprise to Home” concept, showing how its Bitcoin computing solutions span large-scale data centers to residential environments with low noise and heat repurposing.
Canaan will showcase three Avalon hardware models tailored for home use: Avalon Nano 3S (entry-level micro miner), Avalon Mini 3 (mining plus space heating), and AvalonQ (low-noise, adaptive power, app control). Attendees can visit Booth 143 to discuss hardware performance, heat recovery, and decentralized hashrate networks.
Canaan (NASDAQ: CAN) reported unaudited July 2026 bitcoin mining results, producing 46 BTC and ending the month with a digital asset treasury of 1,917 BTC and 3,952 ETH. Non-joint venture operating hashrate and installed hashrate were both 10.05 EH/s, while JV operations reached 4.20 EH/s operating and 4.85 EH/s installed hashrate.
According to Canaan, its North American non-JV fleet achieved average miner efficiency of 17.9 J/TH, with a global average all-in power cost of US$0.043/kWh. The company operated 12 active mining projects worldwide totaling 14.24 EH/s operating computing power and 14.89 EH/s installed computing power.
Canaan authorized management to monetize part of its digital asset treasury to repurchase ADSs under an existing program, citing a market value below the combined value of cash and digital assets. The company also transferred its ADS listing to the Nasdaq Capital Market and received an additional 180-day period, until January 11, 2027, to regain compliance with Nasdaq’s minimum US$1.00 bid price requirement.
Canaan (NASDAQ: CAN) authorized its management to monetize a portion of its digital asset treasury to fund repurchases of its American depositary shares under the share repurchase program approved by its board effective December 12, 2025. Further buybacks may be funded with digital asset proceeds, subject to trading levels, market conditions, working capital needs, and Board oversight. According to Canaan, its market capitalization is below the combined value of its digital asset holdings and cash and cash equivalents as of March 31, 2026. June 2026 updates indicated digital assets with an approximate market value of US$130 million based on prices as of August 3, 2026.
Canaan (NASDAQ: CAN) announced that Nasdaq has granted an additional 180-day compliance period, until January 11, 2027, to regain compliance with the US$1.00 minimum bid price requirement under Listing Rule 5550(a)(2). Canaan currently meets all other applicable initial listing standards for the Nasdaq Capital Market.
The company’s ADSs, each representing 15 Class A ordinary shares, will continue trading on the Nasdaq Capital Market under the symbol CAN. If the closing bid price is at least US$1.00 for 10 consecutive business days during this period, Nasdaq will confirm compliance. Canaan recently transferred its ADS listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective July 1, 2026, and plans to monitor its share price and evaluate options to address the bid-price deficiency.
Canaan (NASDAQ: CAN) reported its unaudited June 2026 bitcoin mining update. The company produced 64 BTC in the month. After operating costs and receiving BTC as payment for miner sales, Canaan added 49 BTC to its treasury, bringing total holdings to a record 1,915 BTC and 3,952 ETH, according to Canaan.
Month-end installed hashrate reached 10.05 EH/s for non-JV and 4.81 EH/s for its 49%-owned JV, with operating hashrate of 3.36 EH/s (non-JV) and 4.09 EH/s (JV). Average all-in power cost was US$0.043/kWh, and the North American non-JV fleet ran at 17.9 J/TH. JV operations with partner WindHQ largely recovered from May wildfire disruptions. Canaan also highlighted a transfer of its ADS listing to the Nasdaq Capital Market, insider purchases totaling 1,065,000 ADSs at US$0.35 per ADS, and an 8 MW hash-to-heat project win in the Nordic region.
Canaan (NASDAQ: CAN) transferred the listing of its American Depositary Shares from the Nasdaq Global Market to the Nasdaq Capital Market, effective July 1, 2026. Trading and ticker CAN are unchanged.
The move supports efforts to regain Nasdaq US$1.00 minimum bid price compliance through potential extended cure periods.
Canaan (NASDAQ: CAN)/b) reported that CEO Nangeng Zhang and CFO Jin “James” Cheng recently bought in the open market at an average price of US$0.35 per ADS. The purchases complied with company policies and securities regulations and are described as aligning management with shareholders.
Canaan (NASDAQ: CAN) reported its unaudited May 2026 bitcoin mining update, highlighting higher efficiency and expanded infrastructure.
The company self-mined 90 BTC, received 24 BTC from customers, and ended May with 1,867 BTC and 3,952 ETH. Non-JV installed hashrate was 10.05 EH/s, with 6.47 EH/s operating. North American fleet efficiency reached a record 17.9 J/TH, about 11% YoY improvement, while global efficiency was 23.7 J/TH, up 13.5% YoY. Average all-in power cost was $0.043/kWh. JV projects generated about 45 BTC despite wildfire-related disruption at the Alborz site, which is expected to return to full operations in mid-June. Canaan also won an 8 MW hash-to-heat order from a Nordic district heating network and secured a follow-on hash board module order from Tether for deployment in South America.