/C O R R E C T I O N -- Canaan Inc./

Rhea-AI Summary

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.

News Market Reaction – CAN

-13.61%

17 alerts

-13.61% News Effect

-12.0% Trough in 3 hr 2 min

-$59M Valuation Impact

$371.76M Market Cap

0.5x Rel. Volume

On the day this news was published, CAN declined 13.61%, reflecting a significant negative market reaction. Argus tracked a trough of -12.0% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $59M from the company's valuation, bringing the market cap to $371.76M at that time.

Data tracked by StockTitan Argus on the day of publication.

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In the news release, Bitcoin Back to Its Roots: Canaan Inc. Joins "The Renaissance of Home Mining" Roundtable at Bitcoin 2026, issued 19-May-2026 by Canaan Inc. over PR Newswire, we are advised by the company that the 4th paragraph, 1st sentence, should read "During the discussion at Bitcoin 2026, Dr. Aviral Shukla, founder of Altair Technology" rather than "During the discussion at Bitcoin 2026, Aviral Shukla, founder of Altair Technology" as originally issued inadvertently. The complete, corrected release follows:

Bitcoin Back to Its Roots: Canaan Inc. Joins "The Renaissance of Home Mining" Roundtable at Bitcoin 2026

SINGAPORE, May 19, 2026 /PRNewswire/ -- At the Bitcoin 2026 conference in Las Vegas, Canaan Inc. (NASDAQ: CAN) was invited to participate in the roundtable discussion titled "Bitcoin's Return to Its Roots: Why Home Mining is Making a Comeback." The session explored the intersection of decentralized computing power and home energy synergy.

From "USB Miners" to Home Energy Hubs

Canaan's legacy in the home mining sector began with the Avalon Nano series. Designed with a compact, portable form factor, this series lowered the barrier for everyday users to participate in the Bitcoin network. From its inception, the company has been a pioneer in exploring the home application of heat recovery from computing chips.

In recent years, Canaan has significantly accelerated the evolution of its home product ecosystem:

• December 2023: Launched the Avalon Nano 3.
• January 2025 (CES Las Vegas): Officially released the Avalon Mini 3 and Avalon Nano 3S. The Mini 3 features integrated home heating capabilities, while the Nano 3S serves as a high-performance upgrade to the Nano 3.
• March 2025: Launched the Avalon Q, a specialized quiet-running model that balances high-efficiency hashing with low noise levels.

Industry Perspective from the Roundtable

During the discussion at Bitcoin 2026, Dr. Aviral Shukla, founder of Altair Technology, shared his perspective on the shift toward professional-grade home hardware:

"Canaan has a whole suite of these more powerful home miners that also double as great space heaters. If people are looking to scale, they should probably move into some of these more efficient and powerful options rather than just relying on the smaller lottery miners."

Retail and Channel Expansion

Following positive market validation in early 2025, the Avalon Home series continues its strategic expansion. Canaan is systematically optimizing its channel infrastructure to bring reliable, intuitive computing products to a broader retail audience. This focus on the retail terminal aims to empower a more resilient and decentralized network of home-based miners worldwide.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), an innovator in crypto mining, is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology in Bitcoin's history under the brand name Avalon.

For more information, visit our website at canaan.io.

Media Contact: pr@canaan-creative.com 

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LinkedIn: https://www.linkedin.com/company/canaaninc/ 

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SOURCE Canaan Inc.

FAQ

What did Canaan (NASDAQ: CAN) announce about its role at Bitcoin 2026?

Canaan announced it was invited to a Bitcoin 2026 roundtable on home mining. According to Canaan, the discussion focused on Bitcoin’s return to home mining, decentralized computing power, and how its Avalon product line fits into energy-efficient home mining setups.

Which home mining products from Canaan were highlighted in the Bitcoin 2026 announcement for CAN stock?

The announcement highlighted Canaan’s Avalon Nano, Avalon Nano 3, Avalon Nano 3S, Avalon Mini 3, and Avalon Q. According to Canaan, these models evolve from compact USB-style miners to devices offering integrated home heating and quiet, efficient hashing for home users.

What is the Avalon Mini 3 from Canaan (CAN) and how is it positioned for home miners?

The Avalon Mini 3 is a home miner with integrated heating capabilities. According to Canaan, it was officially released at CES Las Vegas in January 2025 and is positioned as a professional-grade home device that combines Bitcoin mining with practical space-heating functionality.

How does the Avalon Q from Canaan (NASDAQ: CAN) address noise and efficiency for home mining?

The Avalon Q is presented as a quiet-running home mining model balancing efficiency and low noise. According to Canaan, it launched in March 2025 and is designed for users seeking higher-efficiency hashing without significantly increasing sound levels in home environments.

What did Dr. Aviral Shukla say about Canaan’s home mining hardware at Bitcoin 2026?

Dr. Aviral Shukla highlighted Canaan’s more powerful home miners that also act as space heaters. According to his comments, users wanting to scale home mining may consider these efficient, higher-performance options instead of relying solely on smaller “lottery” style devices.

How is Canaan (CAN) expanding retail and channels for its Avalon Home series?

Canaan is working to expand retail reach and optimize channel infrastructure for its Avalon Home series. According to Canaan, this strategy aims to bring reliable, user-friendly mining products to broader retail audiences and support a more decentralized global network of home-based Bitcoin miners.