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. reported its July 2026 bitcoin mining and infrastructure metrics and outlined recent capital markets actions. The company mined 46 BTC in July, ending the month with a digital asset treasury of 1,917 BTC and 3,952 ETH. Non-joint-venture operations in North America maintained an average miner efficiency of 17.9 J/TH, while joint-venture operations, recovering from prior wildfire-related disruption at Alborz, reached an operating hashrate of 4.20 EH/s and installed hashrate of 4.85 EH/s at month-end.
Across all operations, Canaan reported a month-end installed hashrate of 10.05 EH/s for non-joint-venture sites and an average revenue split of 60.6% (excluding joint-venture ownership). The average all-in power cost was US$0.043/kWh. Management highlighted a flexible treasury approach, including prior authorization to monetize a portion of digital assets to fund repurchases of American Depositary Shares under its existing share repurchase program.
Canaan also completed a transfer of its ADS listing from the Nasdaq Global Market to the Nasdaq Capital Market on July 1, 2026 and received an additional 180-day period, until January 11, 2027, to regain compliance with Nasdaq’s US$1.00 minimum bid price requirement. The company stated that its ADSs continue trading under the symbol CAN while it evaluates options to address the bid-price deficiency.
Invesco Ltd. reports beneficial ownership of Canaan Inc American Depository Receipts. Invesco, as a parent holding company to its investment advisers, may be deemed to beneficially own 606,006,750 shares, representing 5.4% of this class. These shares are held of record by Invesco’s clients.
Invesco reports sole voting power and sole dispositive power over all 606,006,750 shares, with no shared voting or dispositive power. No single client has greater than 5% economic ownership of the securities; as record holders, the relevant clients are entitled to dividends and sale proceeds. The filing identifies Invesco Capital Management LLC as the relevant subsidiary. The document is signed by Robert R. Leveille, Global Head of Compliance.
Canaan Inc. received an updated Schedule 13G/A from Weiss Asset Management LP, WAM GP LLC, and Andrew M. Weiss reporting a 5.2% beneficial ownership position in the company’s Class A ordinary shares. The group holds 38,900,282 American Depository Shares, each ADS representing 15 Class A ordinary shares, for a total of 583,504,230 Class A ordinary shares.
The reporting persons state they have shared voting and dispositive power over all 583,504,230 Class A ordinary shares and no sole voting or dispositive power. The ownership percentage is based on 11,237,922,873 Class A ordinary shares outstanding as of May 22, 2026. Weiss Asset Management, WAM GP, and Andrew Weiss each disclaim beneficial ownership except to the extent of their pecuniary interest.
Canaan Inc. authorized its management to monetize a portion of its digital asset treasury to fund repurchases of its American depositary shares under a share repurchase program approved by its board of directors effective December 12, 2025. Further repurchases using digital asset proceeds may occur depending on ADS trading price, market conditions, working capital needs and other factors, and remain subject to Board oversight and the limits of the existing authorization.
The company states it is trading below the combined value of its digital asset holdings and its cash and cash equivalents as of March 31, 2026. It held digital assets with an approximate market value of US$130 million based on prices as of August 3, 2026. Management characterizes this strategy as disciplined capital allocation and a signal of confidence in Canaan’s long-term prospects while maintaining a strategic digital asset treasury.
Canaan Inc. reports that Nasdaq granted an additional 180-day period, until January 11, 2027, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company currently meets other Nasdaq listing standards, including market value of publicly held shares.
The company's American Depositary Shares, each representing 15 Class A ordinary shares, continue to trade on the Nasdaq Capital Market under the symbol CAN following a transfer from the Nasdaq Global Market effective July 1, 2026. Compliance will be restored if the closing bid price is at least US$1.00 per ADS for a minimum of ten consecutive business days, and the company plans to monitor its bid price and evaluate available options during this second compliance period.
Canaan Inc. reported June 2026 operating metrics for its bitcoin mining and infrastructure business. The company mined 64 BTC during the month and, after operating costs and receiving BTC as payment for miner sales, increased its cryptocurrency treasury by 49 BTC to record holdings of 1,915 BTC and 3,952 ETH.
Non-joint-venture installed hashrate reached 10.05 EH/s with operating hashrate of 3.36 EH/s, while joint-venture operations with WindHQ operated at 4.09 EH/s against 4.81 EH/s installed, reflecting recovery after prior wildfire-related disruptions. Average all-in power cost was US$0.043/kWh, and North American non-JV miner efficiency was 17.9 J/TH.
Canaan completed a transfer of its ADS listing to the Nasdaq Capital Market and applied for an additional 180-day period to regain compliance with Nasdaq’s minimum bid price requirement. The CEO and CFO together bought 1,065,000 ADSs in the open market at an average of US$0.35 per ADS. The company also highlighted an approximately 8 MW Nordic district heating project using its hash-to-heat technology, building on an initial 2 MW deployment and a follow-on 6 MW order.
Canaan Inc. has transferred the listing of its American Depositary Shares from the Nasdaq Global Market to the Nasdaq Capital Market, effective at the open of trading on July 1, 2026. The ADSs continue trading under the ticker “CAN” and represent 15 Class A ordinary shares each.
The move follows a January 2026 Nasdaq notice that Canaan was below the US$1.00 minimum bid price for 30 consecutive business days. Canaan received an initial 180-day cure period to July 13, 2026 and, after the transfer, applied on July 6, 2026 for an additional 180-day compliance period.
If Nasdaq grants this extension, Canaan can regain compliance by maintaining a closing bid of at least US$1.00 for a minimum of 10 consecutive business days within the applicable period. Management states it remains committed to its long-term strategy and to regaining compliance while pursuing its broader energy-plus-compute roadmap.
Canaan Inc. reports that its chairman and CEO, Nangeng Zhang, and CFO, Jin “James” Cheng, have purchased a total of 1,065,000 American Depositary Shares (ADSs) in the open market at an average price of US$0.35 per ADS. The company notes that the trades complied with its internal trading policies and applicable securities regulations and states that these continued purchases reinforce the executives’ alignment with shareholders. Management links the buying to confidence in Canaan’s long-term strategy, highlighting expansion from ASIC mining hardware into mining infrastructure, energy-related initiatives, and broader compute opportunities.
Canaan Inc. Chief Executive Officer Zhang Nangeng reported open-market purchases of American Depositary Shares (ADS). He bought 250,000 ADS on June 17, 2026 at $0.34 per ADS and another 250,000 ADS on June 18, 2026 at $0.33 per ADS, for a total of 500,000 ADS. Following these transactions, he directly holds 3,301,635 ADS. Each ADS is convertible at any time into 15 Class A ordinary shares, and the ADS have no expiration date.