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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.

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
Rhea-AI Sentiment
End-of-Day
-7.3%
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none
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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
Rhea-AI Sentiment
End-of-Day
-11.17%
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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
Rhea-AI Sentiment
End-of-Day
-6.52%
Tags
conferences earnings
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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none
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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
Rhea-AI Sentiment
End-of-Day
1.78%
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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%
Tags
conferences earnings
Rhea-AI Summary
Canaan Inc. to host Avalon Bitcoin & Crypto Day at the Ritz-Carlton, Millenia Singapore to celebrate its 10th Anniversary.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
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none
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Rhea-AI Summary
Canaan Inc. to present at H.C. Wainwright 25th Annual Global Investment Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
conferences
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Rhea-AI Summary
Canaan Inc. will report Q2 2023 financial results on August 29, 2023. Conference call scheduled at 8:00 A.M. ET. Webcast available at investor.canaan-creative.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.93%
Tags
conferences earnings
Rhea-AI Summary
Canaan Inc. faces challenges in Kazakhstan and the US that may impact bitcoin generation and revenue. Shutdown of mining computing power in Kazakhstan due to regulatory changes. Suspension expected to continue into Q3 2023, resulting in reduced bitcoin generation. Dispute with partner in the US over breach of Joint Mining Agreement. Challenges anticipated to affect operational mining power in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.34%
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none
Canaan Inc

Nasdaq:CAN

CAN Rankings

CAN Stock Data

295.26M
2.87B
21.15%
9.9%
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.