Canaan Inc. Stock Price, News & Analysis

Canaan Inc. (NASDAQ: CAN) has received a notification from Nasdaq on May 13, 2025, regarding non-compliance with minimum bid price requirements. The company's ADSs have traded below $1.00 per share for 30 consecutive business days. Canaan has been granted a 180-day compliance period until November 10, 2025, to regain compliance by maintaining a closing bid price above $1.00 for at least 10 consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day period, subject to meeting certain listing requirements. Failure to comply within the allowed periods could result in delisting from Nasdaq.

Canaan Inc. (NASDAQ: CAN) released its April 2025 bitcoin mining update, highlighting steady operational progress. The company mined 87 bitcoins during the month, increasing its total holdings to 1,424 bitcoins. Canaan's total deployed hashrate reached 8.15 EH/s, with 6.20 EH/s in operation, maintaining a competitive power cost of $0.044/kWh.

North American operations expanded through partnerships with Luna Square and Mawson Hosting, adding 1.5 EH/s to installed computing power. The company maintains strong operations in Ethiopia with a 95% uptime despite minor disruptions. However, Canaan terminated the second tranche of a $100 million preferred share financing agreement due to market conditions. The company also announced progress on its next-generation Avalon A16 mining machine.

Canaan Inc. (NASDAQ: CAN), a crypto mining technology company, has scheduled to release its first quarter 2025 financial results on May 20, 2025, before U.S. market opening. The company will host an earnings conference call at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Singapore Time) on the same day.

Participants must register in advance through the provided link to receive dial-in numbers and a unique access PIN. Investors can submit questions via email to IR@canaan-creative.com up to 24 hours before the call. The conference call will be available for live streaming and replay on Canaan's investor relations website.

Canaan Inc. (NASDAQ: CAN), a crypto mining technology company, has announced the filing of its 2024 annual report on Form 20-F with the Securities and Exchange Commission on April 18, 2025. The report, covering the fiscal year ended December 31, 2024, is now accessible on both the SEC's website and Canaan's investor relations platform.

The company has stated that shareholders and ADS holders can request a complimentary hard copy of the annual report by contacting Canaan's Investor Relations Department via email at IR@canaan-creative.com.

Canaan Inc. (NASDAQ: CAN), a leader in crypto mining innovation, has announced its participation in the upcoming Jefferies Power x Coin Virtual Conference. The event is scheduled for April 16, 2025, at 2 pm ET. Interested parties can obtain additional conference information by reaching out to their Jefferies representatives or by contacting Canaan directly via IR@canaan-creative.com.

Canaan Inc. (NASDAQ: CAN) has released its March 2025 bitcoin mining update, reporting significant operational progress. The company mined 90 bitcoins in March, a 9.8% increase from February, and expanded its North American operations by adding 0.32 EH/s of installed computing power.

Key metrics as of March 31, 2025 include:

• Month-end deployed hashrate: 6.60 EH/s
• Operating hashrate: 5.97 EH/s
• Average revenue split: 58.6%
• Average power cost: $0.043/kWh
• Total bitcoin holdings: 1,408

The company announced new partnerships with Mawson and another partner in Pennsylvania and Texas, expected to add 4.7 EH/s of mining power. Additionally, Canaan completed the tape-out process for its next-generation A16 mining machine, which will undergo full system testing before release.