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) reported its unaudited March 2026 bitcoin mining update, delivering 89 BTC in March and growing its cryptocurrency treasury to a record 1,808 BTC and 3,952 ETH. Global installed power capacity reached 266.3 MW, plus 120 MW from recently acquired West Texas JVs.
The company added over 10 MW in March, reported Non-JV deployed hashrate of 10.97 EH/s and month-end operating hashrate of 6.89 EH/s, and noted North America miner efficiency of 18.7 J/TH and an average all-in power cost of $0.044/kWh.
Canaan (NASDAQ: CAN) will present at the Jefferies Virtual Power x Data Center Conference on March 31, 2026. The presentation is scheduled to begin at 11:00 a.m. ET and Leo Wang, vice president of capital markets and corporate development, will represent the company.
Interested parties should contact their Jefferies representative to obtain a webcast link.
Canaan (NASDAQ: CAN) released its unaudited bitcoin mining update for February 2026, reporting 86 BTC mined and month-end treasury of 1,793 BTC and 3,952 ETH (estimated US$128 million, excluding JV holdings). Month-end deployed hashrate reached 14.75 EH/s including a 4.4 EH/s West Texas JV; average all-in power cost was US$0.044/kWh. The company completed a non-cash equity acquisition of Cipher Mining's 49% interest in ABC Projects (~4.4 EH/s) for ~US$39.75 million consideration and added 6,840 miners and 120 MW of North America power capacity.
Canaan (NASDAQ: CAN) announced that its chairman & chief executive Nangeng Zhang and chief financial officer Jin "James" Cheng purchased a combined 1,456,547 American Depositary Shares (ADSs) on March 3, 2026 at an average price of US$0.51 per ADS.
According to the company, the purchases complied with internal trading policies and applicable securities rules and reflect the executives' confidence in Canaan's long-term strategy; the filings include an Amendment No.6 to Schedule 13G dated February 13, 2026.
Canaan (NASDAQ: CAN) acquired Cipher Mining's 49% equity interest in Alborz, Bear and Chief Mountain LLC (the ABC Projects), securing a 49% stake in ~120 MW of West Texas power capacity supporting ~4.4 EH/s of operating hashrate. The deal includes 6,840 Avalon A15Pro rigs and was funded via issuance of 806,439,900 Class A shares (53,762,660 ADS) to Cipher, valued at approximately US$39.75 million. The sites report ~25.7 J/TH fleet efficiency and sub-3 cents/kWh power rates; Cipher becomes a significant shareholder under a six-month lock-up. The transaction aligns with Canaan's U.S. energy strategy and ERCOT operations focus.
Canaan (NASDAQ: CAN) reported unaudited January 2026 mining results, with a record cryptocurrency treasury of 1,778 BTC and 3,951 ETH, 83 BTC mined in January, and month-end deployed hashrate of 10.07 EH/s (operating hashrate 6.63 EH/s).
Key operational metrics: global average miner efficiency 24.2 J/TH, average all-in power cost US$0.043/kWh, and month-end average revenue split 58.2%. The company highlighted a 3.0 MW heat-recovery proof-of-concept in Manitoba and a renewed US$30 million buyback program (about 2.8 million ADS repurchased for US$2 million to date).
Canaan (NASDAQ: CAN) reported unaudited Q4 and full-year 2025 results on Feb 10, 2026. Q4 revenue was US$196.3M (+121.1% YoY), full-year revenue US$529.7M (+96.7% YoY). Q4 computing power sold hit a record 14.6 EH/s; full-year total reached 36.5 EH/s. Mining revenue for 2025 was US$113.2M. Gross profit turned positive at US$41.2M for 2025. Cryptocurrency treasury reached approximately 1,750 BTC and 3,951 ETH at year-end. Q4 net loss was US$85.0M, driven by fair-value and non-cash items.
Canaan (NASDAQ: CAN) will report fourth quarter and full year 2025 financial results before U.S. markets open on February 10, 2026. Management will host an earnings conference call at 8:00 A.M. ET (9:00 P.M. SGT) the same day and provide a live webcast and archived replay.
Investors must register online in advance to receive dial-in numbers and a unique PIN; questions may be submitted to IR@canaan-creative.com up to 24 hours before the call.
Canaan (NASDAQ: CAN) received a Nasdaq notice on Jan 14, 2026 that its ADSs closed below $1.00 for 30 consecutive business days, triggering noncompliance with Nasdaq Listing Rule 5550(a)(2). Nasdaq granted a 180-calendar-day compliance period through July 13, 2026 for the company to regain compliance by achieving a closing bid of at least $1.00 for 10 consecutive business days. If Canaan fails to cure the deficiency, it may apply for an additional compliance period by filing a Transfer Application and paying a non-refundable $5,000 fee and may need to effect a reverse stock split. The ADSs remain listed and tradable during the compliance period.
Canaan (NASDAQ: CAN) provided its unaudited December 2025 bitcoin mining update, reporting deployed hashrate of 9.91 EH/s and operating hashrate of 7.65 EH/s by month-end. Management said deployed hashrate rose 82% year-over-year and operating hashrate rose 61% year-over-year, outpacing ~34% global network growth. December production was 86 BTC. Year-end treasury reached record highs of 1,750 BTC and 3,951 ETH. Installed power capacity exceeded 250.4 MW globally, average miner efficiency improved to 24.3 J/TH, and average all-in power cost was US$0.043/kWh. The board renewed a US$30 million share buyback program.