Canaan Inc. Stock Price, News & Analysis

Canaan Inc. (NASDAQ: CAN) released its April 2025 bitcoin mining update, highlighting steady operational progress. The company mined 87 bitcoins during the month, increasing its total holdings to 1,424 bitcoins. Canaan's total deployed hashrate reached 8.15 EH/s, with 6.20 EH/s in operation, maintaining a competitive power cost of $0.044/kWh.

North American operations expanded through partnerships with Luna Square and Mawson Hosting, adding 1.5 EH/s to installed computing power. The company maintains strong operations in Ethiopia with a 95% uptime despite minor disruptions. However, Canaan terminated the second tranche of a $100 million preferred share financing agreement due to market conditions. The company also announced progress on its next-generation Avalon A16 mining machine.

Canaan Inc. (NASDAQ: CAN), a crypto mining technology company, has scheduled to release its first quarter 2025 financial results on May 20, 2025, before U.S. market opening. The company will host an earnings conference call at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Singapore Time) on the same day.

Participants must register in advance through the provided link to receive dial-in numbers and a unique access PIN. Investors can submit questions via email to IR@canaan-creative.com up to 24 hours before the call. The conference call will be available for live streaming and replay on Canaan's investor relations website.

Canaan Inc. (NASDAQ: CAN), a crypto mining technology company, has announced the filing of its 2024 annual report on Form 20-F with the Securities and Exchange Commission on April 18, 2025. The report, covering the fiscal year ended December 31, 2024, is now accessible on both the SEC's website and Canaan's investor relations platform.

The company has stated that shareholders and ADS holders can request a complimentary hard copy of the annual report by contacting Canaan's Investor Relations Department via email at IR@canaan-creative.com.

Canaan Inc. (NASDAQ: CAN), a leader in crypto mining innovation, has announced its participation in the upcoming Jefferies Power x Coin Virtual Conference. The event is scheduled for April 16, 2025, at 2 pm ET. Interested parties can obtain additional conference information by reaching out to their Jefferies representatives or by contacting Canaan directly via IR@canaan-creative.com.

Canaan Inc. (NASDAQ: CAN) has released its March 2025 bitcoin mining update, reporting significant operational progress. The company mined 90 bitcoins in March, a 9.8% increase from February, and expanded its North American operations by adding 0.32 EH/s of installed computing power.

Key metrics as of March 31, 2025 include:

• Month-end deployed hashrate: 6.60 EH/s
• Operating hashrate: 5.97 EH/s
• Average revenue split: 58.6%
• Average power cost: $0.043/kWh
• Total bitcoin holdings: 1,408

The company announced new partnerships with Mawson and another partner in Pennsylvania and Texas, expected to add 4.7 EH/s of mining power. Additionally, Canaan completed the tape-out process for its next-generation A16 mining machine, which will undergo full system testing before release.

Canaan Inc. has unveiled the Avalon Q, a professional-grade Bitcoin mining machine designed for home use, at Mining Disrupt 2025. The device delivers up to 90 TH/s hash power with adjustable power consumption (800W-1600W) and operates at just 45dB.

Key features include compatibility with standard household electrical systems (110V-240V), user-friendly operation through the Avalon Family APP, and a 360-day warranty. The Avalon Q is available for preorder at USD1599 until the end of April 2025.

The product aims to democratize Bitcoin mining by enabling enthusiasts to operate professional-level mining equipment from their homes without requiring dedicated facilities. The quiet operation, comparable to a library environment, allows placement in home offices, garages, or basements.

Canaan Inc. (NASDAQ: CAN) reported strong Q4 2024 financial results, with total revenues of US$88.8 million, exceeding guidance and up 80.9% YoY. The company achieved record-breaking computing power sold of 9.1 million TH/s, a 65.9% YoY increase.

Q4 mining revenue surged 312.5% YoY to US$15.3 million, with 186 Bitcoins mined. While the company reported a net loss of US$92.9 million, this represented an improvement from US$139.0 million in Q4 2023. Non-GAAP adjusted EBITDA turned positive at US$19.3 million.

For full-year 2024, total revenues increased 27.4% to US$269.3 million, with total computing power sold up 32.6% to 26.0 million TH/s. The company expanded its mining operations in North America through new projects in Pennsylvania and Texas, targeting 10EH/s in North America and 15EH/s globally by mid-2025.

Canaan Inc. (NASDAQ: CAN) has announced a significant expansion of its crypto mining operations in North America through new partnerships. The company has signed a three-year master colocation agreement with Mawson Hosting in Midland, Pennsylvania, and a 24-month equipment hosting agreement for a facility in Edna, Texas.

These partnerships are expected to add approximately 4.7 EH/s of North American hashrate to Canaan's self-mining computing power. The majority of this hashrate is anticipated to be installed by the second quarter of 2025.

The expansion aligns with Canaan's strategic focus on the U.S. market, where regulatory policies support the company's ambitions for both self-mining activities and mining machine sales opportunities.

Canaan Inc. (NASDAQ: CAN), a crypto mining innovator, has scheduled to release its fourth quarter and full year 2024 financial results on March 26, 2025, before U.S. market opening. The company will host a conference call at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Singapore Time) on the same day to discuss the results.

Investors can submit questions to IR@canaan-creative.com up to 24 hours before the call. Management will address selected questions during the Q&A session. A live and archived webcast will be available on the company's investor relations website.