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Canaan Inc - CAN STOCK NEWS

Welcome to our dedicated news page for Canaan (Ticker: CAN), a resource for investors and traders seeking the latest updates and insights on Canaan.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Canaan's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Canaan's position in the market.

News
Canaan Makes Statement Regarding Shelf Registration Submission
Rhea-AI Summary
Canaan Inc. filed a universal shelf registration statement with the SEC to address future strategic needs, not to sell securities. The company's stable operations focus on supporting the global mining ecosystem. Refer to their recent annual report for more information.
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Canaan Shines at Blockchain Life 2024 in Dubai
Rhea-AI Summary
Canaan Inc. shines at Blockchain Life 2024 in Dubai by showcasing cutting-edge One-Stop Mining Solutions, flagship Avalon miners, and the revolutionary Avalon Nano 3. Canaan emphasizes green mining strategies in the Middle East, leading the industry with top-of-the-line products and global customer service centers.
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Canaan Inc. Files 2023 Annual Report on Form 20-F
Rhea-AI Summary
Canaan Inc. filed its 2023 Annual Report on Form 20-F with the SEC, showcasing its financial performance for the fiscal year ended December 31, 2023. Shareholders and ADS holders can access the report online or request a hard copy free of charge. The company continues to be a key player in high-performance computing solutions.
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Canaan’s RISC-V based edge AIoT SoC adopted VeriSilicon’s ISP and GPU IPs
Rhea-AI Summary
VeriSilicon integrates pixel processing IP portfolio into Canaan's K230 chip, enhancing edge AIoT solutions. ISP8000 supports real-time video processing, DW200 corrects distortions, and GCNanoV delivers high-quality graphics processing. Collaboration with Canaan boosts performance and image quality of edge AIoT SoCs.
Rhea-AI Impact
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-7.3%
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Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Canaan Inc. announces unaudited financial results for Q4 2023 and FY 2023, with total computing power sold up 45.7% sequentially. Revenues reach US$49.1 million in Q4, reflecting a 47.3% growth. Mining revenue increases 13.6% sequentially. Despite challenges, the company remains optimistic about the future.
Rhea-AI Impact
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-11.17%
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Canaan Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024
Rhea-AI Summary
Canaan Inc. (NASDAQ: CAN) plans to report its Q4 and full-year 2023 financial results on February 27, 2024. The management team will hold a conference call to discuss the results. Investors can register in advance and submit questions for the Q&A session.
Rhea-AI Impact
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End-of-Day
-6.52%
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Canaan Secures Follow-On Purchase Orders from Cipher and Stronghold
Rhea-AI Summary
Canaan Inc. (NASDAQ: CAN) secures follow-on purchase orders from Cipher Mining Inc. (NASDAQ: CIFR) and Stronghold Digital Mining, Inc. (NASDAQ: SDIG) for over 17,000 Bitcoin mining machines, building upon existing relationships. The orders involve the purchase of 16,700 A1466 model Avalon Miners by Cipher's JV entities and 1,100 A1346 model Avalon Miners by Stronghold, with positive feedback from both companies' CEOs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.86%
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Canaan Inc. Reports Unaudited Third Quarter 2023 Financial Results
Rhea-AI Summary
Canaan Inc. (NASDAQ: CAN) announced its unaudited financial results for the three months ended September 30, 2023. The total computing power sold was 3.8 million Thash/s, with revenues at US$33.3 million. The mining revenue was US$3.3 million, reflecting a decrease in sales and lower prices. The net loss for the quarter was US$80.1 million, including a US$53.9 million inventory write-down. The company's cash and cash equivalents stood at US$40.6 million as of September 30, 2023.
Rhea-AI Impact
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End-of-Day
1.78%
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Canaan Inc. to Report Third Quarter 2023 Financial Results on November 28, 2023
Rhea-AI Summary
Canaan Inc. (NASDAQ: CAN) announced plans to report its financial results for the third quarter of 2023 on November 28, 2023. The management team will hold a conference call to discuss the financial results and answer investor questions. Participants can register for the conference call using the provided link and submit questions in advance. A live and archived webcast will be available on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
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Canaan Inc. Celebrates Its 10th Anniversary at Avalon Bitcoin & Crypto Day
Rhea-AI Summary
Canaan Inc. to host Avalon Bitcoin & Crypto Day at the Ritz-Carlton, Millenia Singapore to celebrate its 10th Anniversary.
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-0.53%
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Stock CAN logo
Canaan Inc

Nasdaq:CAN

CAN Rankings

#3655 Ranked by Market Cap
#4057 Ranked by Stock Gains
N/A Ranked by Dividends

CAN Stock Data

281.20M
2.87B
20.77%
11.47%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
Singapore
Singapore

About CAN

Canaan Creative, known simply as Canaan, is a China-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.