Welcome to our dedicated page for Canaan news (Ticker: CAN), a resource for investors and traders seeking the latest updates and insights on Canaan 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 (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.
Canaan (NASDAQ: CAN) reported unaudited Q1 2026 revenue of US$62.7 million, in line with guidance but down from both Q4 2025 and Q1 2025. The company generated US$42.9 million in product revenue and US$19.1 million in mining revenue, producing 257 BTC.
Canaan recorded a gross loss of US$22.9 million, net loss of US$88.7 million, and non-GAAP adjusted EBITDA loss of US$76.3 million. Crypto treasury reached record levels of 1,807.60 BTC and 3,951.53 ETH, and installed mining power rose to ~11 EH/s. The firm acquired a 49% interest in West Texas ABC Projects (~4.4 EH/s) and advanced its Nordic 8MW hash-to-heat initiative. General and administrative expenses declined 11% QoQ, all-in power cost stayed around US$0.04/kWh, and about US$42 million in customer receivables was collected after quarter-end.
Canaan (NASDAQ: CAN) won a competitive bid to supply hash-to-heat equipment for a Nordic district heating network, using Avalon A1566HA hydro-cooled units totaling about 8 MW of capacity.
The project, including a March 2026 follow-on order, is expected to heat roughly 2,800 homes and supports Canaan’s move into energy-integrated compute infrastructure.
Canaan (NASDAQ: CAN) joined a roundtable at the Bitcoin 2026 conference in Las Vegas titled “Bitcoin's Return to Its Roots: Why Home Mining is Making a Comeback.” The discussion focused on home Bitcoin mining, decentralized computing power, and home energy synergy.
Canaan highlighted its Avalon Home series, including Avalon Nano 3, Mini 3, Nano 3S, and Avalon Q, plus ongoing retail and channel expansion to reach more home-based miners.
Canaan (NASDAQ: CAN) joined a roundtable titled “Bitcoin's Return to Its Roots: Why Home Mining is Making a Comeback” at the Bitcoin 2026 conference in Las Vegas. The session covered decentralized computing power and home energy synergy.
Canaan highlighted its Avalon home mining product line, from early Avalon Nano USB-style miners to newer models that integrate heating and quiet, efficient hashing. The company also noted ongoing retail and channel expansion to broaden access to home mining devices worldwide.
Canaan (NASDAQ: CAN) reported April 2026 bitcoin mining metrics and corporate updates. The company mined 90 BTC from self-mining and received 3 BTC from customers, ending the month with a record 1,826 BTC and 3,952 ETH on its balance sheet.
Month-end non-JV installed hashrate reached 10.97 EH/s, up 34.6% year-over-year, with operating hashrate at 6.86 EH/s. Global non-JV fleet efficiency improved to 23.6 J/TH, and average all-in power cost was US$0.044/kWh. North American JVs contributed 4.82 EH/s installed hashrate and 120 MW power capacity. Canaan also secured a follow-on hash board module order from Tether for next-generation immersion-cooled mining systems.