Welcome to our dedicated page for Canaan SEC filings (Ticker: CAN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Canaan Inc.’s SEC filings document a foreign private issuer whose business centers on ASIC chip design, Avalon mining equipment, computing hardware, software services, and bitcoin mining operations. Its Form 20-F annual reports and Form 6-K current reports disclose operating results, mining production metrics, cryptocurrency treasury balances, power capacity, fleet efficiency, customer and R&D collaborations, and risk-related business updates.
The filings also record ADS and Class A ordinary share matters, registration-statement incorporation, open-market management purchases, share repurchase activity, beneficial ownership references, and material transactions such as Canaan’s completed acquisition of interests in the Alborz, Bear and Chief Mountain mining projects. Other current reports address Nasdaq minimum bid-price notifications and foreign-issuer governance and reporting obligations.
Canaan Inc. has filed a post-effective amendment to register an at-the-market shelf of securities permitting the offer and sale of up to $270,000,000 of Class A ordinary shares, preferred shares, warrants, debt securities, subscription rights, units and/or ADSs. Each ADS represents 15 Class A ordinary shares.
The prospectus states ADSs trade on NASDAQ under the symbol CAN and cites a last reported sale price of $0.44 per ADS on May 20, 2026. The filing discloses share counts “As of the date of this prospectus”: 11,237,922,873 Class A ordinary shares and 311,624,444 Class B ordinary shares issued and outstanding. The prospectus also highlights risks under the Holding Foreign Companies Accountable Act and PCAOB inspection access for auditors located in mainland China and Hong Kong.
Canaan Inc. reported a weak first quarter of 2026, with total revenue of US$62.7 million, sharply lower than US$196.3 million in the prior quarter and US$82.8 million a year earlier, though in line with guidance. Product revenue fell to US$42.9 million and mining revenue to US$19.1 million as lower bitcoin prices and softer demand reduced computing power sales.
Cost of revenues rose to US$85.6 million, including US$24.5 million of inventory and prepayment write-downs, driving a gross loss of US$22.9 million and an operating loss of US$54.3 million. Net loss widened to US$88.7 million and non-GAAP adjusted EBITDA loss to US$76.3 million.
The company continued to build its mining and energy footprint, producing 257 bitcoins, reaching about 11 EH/s of installed joint-mining power, and holding 1,871.0 bitcoins as of March 31, 2026. It acquired Cipher Mining’s 49% interest in ABC Projects in West Texas (~4.4 EH/s) via equity issuance and advanced an 8 MW Nordic hash-to-heat project. Cash stood at US$43.5 million with about US$42 million of customer collections received in April. Canaan guided Q2 2026 revenue to US$35–45 million.
Canaan Inc. reported a weak first quarter of 2026, with total revenue of US$62.7 million, sharply lower than US$196.3 million in the prior quarter and US$82.8 million a year earlier, though in line with guidance. Product revenue fell to US$42.9 million and mining revenue to US$19.1 million as lower bitcoin prices and softer demand reduced computing power sales.
Cost of revenues rose to US$85.6 million, including US$24.5 million of inventory and prepayment write-downs, driving a gross loss of US$22.9 million and an operating loss of US$54.3 million. Net loss widened to US$88.7 million and non-GAAP adjusted EBITDA loss to US$76.3 million.
The company continued to build its mining and energy footprint, producing 257 bitcoins, reaching about 11 EH/s of installed joint-mining power, and holding 1,871.0 bitcoins as of March 31, 2026. It acquired Cipher Mining’s 49% interest in ABC Projects in West Texas (~4.4 EH/s) via equity issuance and advanced an 8 MW Nordic hash-to-heat project. Cash stood at US$43.5 million with about US$42 million of customer collections received in April. Canaan guided Q2 2026 revenue to US$35–45 million.
Canaan Inc. reported a weak first quarter of 2026, with total revenue of US$62.7 million, sharply lower than US$196.3 million in the prior quarter and US$82.8 million a year earlier, though in line with guidance. Product revenue fell to US$42.9 million and mining revenue to US$19.1 million as lower bitcoin prices and softer demand reduced computing power sales.
Cost of revenues rose to US$85.6 million, including US$24.5 million of inventory and prepayment write-downs, driving a gross loss of US$22.9 million and an operating loss of US$54.3 million. Net loss widened to US$88.7 million and non-GAAP adjusted EBITDA loss to US$76.3 million.
The company continued to build its mining and energy footprint, producing 257 bitcoins, reaching about 11 EH/s of installed joint-mining power, and holding 1,871.0 bitcoins as of March 31, 2026. It acquired Cipher Mining’s 49% interest in ABC Projects in West Texas (~4.4 EH/s) via equity issuance and advanced an 8 MW Nordic hash-to-heat project. Cash stood at US$43.5 million with about US$42 million of customer collections received in April. Canaan guided Q2 2026 revenue to US$35–45 million.
Canaan Inc. reported that it won a competitive bid to supply its Avalon A1566HA hash-to-heat equipment for a district heating network in the Nordic region. The high-temperature, hydro-cooled units convert computing waste heat into usable hot water for local residents.
The project totals about 8 MW of thermal capacity, including an existing 2 MW phase with 228 units and a follow-on March 2026 order for 6 MW using 692 units. Canaan’s parallel node architecture supports dynamic overclocking and underclocking to match demand and simplify maintenance.
The company notes that this second-phase selection by a leading Nordic heating provider validates its push into energy-integrated compute infrastructure. The full 8 MW installation is expected to provide reliable heating to roughly 2,800 homes, supporting a shift away from traditional fossil fuel-based systems.
Canaan Inc. reported that it won a competitive bid to supply its Avalon A1566HA hash-to-heat equipment for a district heating network in the Nordic region. The high-temperature, hydro-cooled units convert computing waste heat into usable hot water for local residents.
The project totals about 8 MW of thermal capacity, including an existing 2 MW phase with 228 units and a follow-on March 2026 order for 6 MW using 692 units. Canaan’s parallel node architecture supports dynamic overclocking and underclocking to match demand and simplify maintenance.
The company notes that this second-phase selection by a leading Nordic heating provider validates its push into energy-integrated compute infrastructure. The full 8 MW installation is expected to provide reliable heating to roughly 2,800 homes, supporting a shift away from traditional fossil fuel-based systems.
Canaan Inc. reported that it won a competitive bid to supply its Avalon A1566HA hash-to-heat equipment for a district heating network in the Nordic region. The high-temperature, hydro-cooled units convert computing waste heat into usable hot water for local residents.
The project totals about 8 MW of thermal capacity, including an existing 2 MW phase with 228 units and a follow-on March 2026 order for 6 MW using 692 units. Canaan’s parallel node architecture supports dynamic overclocking and underclocking to match demand and simplify maintenance.
The company notes that this second-phase selection by a leading Nordic heating provider validates its push into energy-integrated compute infrastructure. The full 8 MW installation is expected to provide reliable heating to roughly 2,800 homes, supporting a shift away from traditional fossil fuel-based systems.
Canaan Inc. reported its unaudited bitcoin mining update for April 2026, highlighting growth in both hashrate and digital asset holdings. The company mined 90 BTC from self-mining and received 3 BTC in customer payments, lifting its month-end treasury to a record 1,826 BTC and 3,952 ETH.
Installed hashrate for self-operated sites reached 10.97 EH/s, up 34.6% year-over-year, with operating hashrate at 6.86 EH/s, up 10.6%. Joint venture operations contributed about 48 BTC in April and at month-end had 4.82 EH/s of installed hashrate and 4.35 EH/s of operating hashrate.
Canaan reported an average all-in power cost of US$0.044/kWh and operated 13 active mining projects across 5 countries. The company also extended its collaboration with Tether through a follow-on order for custom high-density mining hash board modules for next-generation immersion-cooled systems in South America.
Canaan Inc. has extended its collaboration with Tether by securing a follow-on order for custom high-density mining hash board modules. These modules are designed for Tether’s next-generation immersion-cooled mining and compute systems and will be deployed at a Tether-affiliated mining facility in South America.
The modules are part of Canaan’s modular hardware platform built around its ASIC chips, enabling higher compute density, improved thermal management, and easier upgrades. The agreement includes an option for Tether to purchase additional module volume, highlighting a shift toward partner-designed, modular mining architectures for large-scale operations.
Canaan Inc. filed a post-effective amendment to its Form F-3 registering an aggregate of $270,000,000 of securities on a shelf to be offered from time to time. The shelf includes Class A ordinary shares (including ADSs with each ADS representing 15 Class A ordinary shares), preferred shares, warrants, debt securities, subscription rights and units.
The prospectus notes the ADSs trade on the NASDAQ Global Market under the symbol CAN and discloses risks tied to its PRC operations, auditor inspection status under the HFCAA and that offerings will be described in prospectus supplements (timing and method to be provided in supplements).
Canaan Inc. amends a shelf registration statement (Post-Effective Amendment No. 2) to convert its Form F-3 for a mixed shelf offering registering $270,000,000 of securities, including Class A ordinary shares, preferred shares, warrants, debt securities, subscription rights and units.
The prospectus notes an ATM Program capacity of $270.0 million, that each ADS represents 15 Class A ordinary shares, and discloses recent financings, ATM issuances and outstanding share counts of 11,237,922,873 Class A and 311,624,444 Class B ordinary shares. The document reiterates material risk disclosures including HFCAA/PCAOB inspection risk affecting U.S. trading.
Canaan Inc., a Cayman Islands holding company whose ADSs trade on NASDAQ as “CAN,” filed its annual report describing a Bitcoin-focused hardware and mining business heavily exposed to cryptocurrency cycles and China-related regulation. The company sells ASIC-based Bitcoin mining machines and is expanding into self-mining operations.
Canaan highlights extensive legal and operational risks from having substantial operations in China, including evolving rules on overseas listings, data security, crypto mining and virtual currencies. It discloses that PRC subsidiaries currently hold required material permissions but may need additional approvals, and that future changes could restrict operations or overseas capital-raising.
Financially, the business has been under pressure. Bitcoin price volatility and oversupply of mining machines have driven large inventory and prepayment write-downs and led to negative operating cash flow and sizeable net losses from 2023 to 2025. The report also notes delisting risk under the HFCAA if U.S. audit inspection access to China-based auditors were again curtailed.
Canaan Inc. files a Post-Effective Amendment to its Form F-3 establishing a $270,000,000 shelf to offer Class A ordinary shares (including ADSs), preferred shares, warrants, debt securities, subscription rights and units from time to time after the effective date. The prospectus states each ADS represents 15 Class A ordinary shares and cites an ADS last sale price of US$0.51 per ADS on April 14, 2026. The filing discloses risks tied to PRC operations and HFCAA/PCAOB inspection outcomes and summarizes recent financings, ATM activity, and a board-approved share repurchase program.
Canaan Inc. reported March 2026 bitcoin mining and infrastructure metrics showing continued expansion of its self-mining platform. The company mined 89 BTC in the month, taking its cryptocurrency treasury to a record 1,808 BTC and 3,952 ETH, while keeping average all-in power cost at US$0.044/kWh.
Globally, Canaan’s non-joint-venture installed power capacity reached 266.3 MW, supplemented by 120 MW from recently acquired Texas joint ventures totaling about 4.4 EH/s of operational hashrate. North American non-joint-venture miner efficiency improved to 18.7 J/TH, supporting its focus on disciplined cost and operational management.
Strategically, Canaan completed a roughly US$39.75 million all-share acquisition of Cipher Mining’s 49% stake in the Texas “ABC Projects” and 6,840 Avalon A15Pro miners at about US$0.74 per ADS. Management also highlighted evolving “gas-to-compute” projects and disclosed CEO and CFO open-market purchases of 1,456,547 ADSs at an average US$0.51 per ADS.