CAN
Canaan CreativeCAN
CAN
About: Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts.
Employees: 541
0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
250% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 12
199% more capital invested
Capital invested by funds: $53.6M [Q3] → $160M (+$106M) [Q4]
117% more call options, than puts
Call options by funds: $8.1M | Put options by funds: $3.73M
41% more funds holding
Funds holding: 69 [Q3] → 97 (+28) [Q4]
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
0.49% more ownership
Funds ownership: 1.26% [Q3] → 1.75% (+0.49%) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2.50
178%
upside
Avg. target
$4.50
401%
upside
High target
$8
791%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Kevin Dede 21% 1-year accuracy 11 / 52 met price target | 234%upside $3 | Buy Reiterated | 27 Mar 2025 |
Rosenblatt Kevin Cassidy 24% 1-year accuracy 9 / 37 met price target | 791%upside $8 | Buy Maintained | 27 Mar 2025 |
Compass Point Joe Flynn 0% 1-year accuracy 0 / 5 met price target | 178%upside $2.50 | Buy Initiated | 18 Mar 2025 |
Financial journalist opinion
Based on 9 articles about CAN published over the past 30 days
Neutral
PRNewsWire
6 days ago
Canaan Unveils Avalon Q at Mining Disrupt 2025: a Professional-Grade Quiet Bitcoin Mining Solution for Home Use
SINGAPORE , March 27, 2025 /PRNewswire/ -- Canaan Inc. introduces Avalon Q, a professional-grade Bitcoin mining machine specifically designed for home users. This breakthrough product combines institutional-level computing power with household power compatibility and whisper-quiet operation, making professional Bitcoin mining accessible to everyday enthusiasts.
Neutral
Seeking Alpha
6 days ago
Canaan: Again At An Attractive Valuation With Bitcoin Self-Mining
Canaan Inc. essentially develops ASIC miners, mostly under the Avalon series, targeting both industrial and home Bitcoin mining. Still, there are regulatory and trade pressures from China and the US chip export constraints. Their recent Q4 2024 report showed record computing power sales and strong Bitcoin production.
Neutral
Seeking Alpha
1 week ago
Canaan Inc. (CAN) Q4 2024 Earnings Call Transcript
Canaan Inc. (NASDAQ:CAN ) Q4 2024 Earnings Conference Call March 25, 2025 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CFO Leo Wang - VP of Capital Markets and Corporate Development Conference Call Participants Nick Giles - B. Riley Securities Kevin Cassidy - Rosenblatt Securities Kevin Dede - H.C.
Neutral
PRNewsWire
1 week ago
Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results
Total revenues of US$88.8 million exceeds guidance, up 80.9% YoY Total computing power sold achieves record high of 9.1 million TH/s, up 65.9% YoY Bitcoin mining revenues reach US$15.3 million, up 312.5% YoY SINGAPORE , March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months and twelve months ended December 31, 2024. Fourth Quarter 2024 Operating and Financial Highlights Total revenues were US$88.8 million, which beat the guidance of US$80 million and increased 80.9% year-over-year.
Neutral
PRNewsWire
1 week ago
Canaan Inc. Expands Self-Mining Footprint in North America
New mining partnerships to add ~4.7 EH/s M ining machines to be hosted at facilities in Pennsylvania and Texas Self-mining energization expected in coming months SINGAPORE , March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a n innovator in crypto mining, today announced that wholly owned subsidiaries of Canaan have signed agreements that expand the Company's self-mining capabilities at two new partners' mining facilities in Pennsylvania and Texas. A three-year master colocation agreement has been entered into with Mawson Hosting LLC, an affiliate of Mawson Infrastructure Group Inc. (NASDAQ: MIGI), for its facility in Midland, Pennsylvania.
Neutral
PRNewsWire
2 weeks ago
Canaan Inc. to Report Fourth Quarter and Full Year 2024 Financial Results on March 26, 2025
SINGAPORE , March 17, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2024, before the U.S. market opens on March 26, 2025. The Company's management team will hold a conference call at 8:00 A.M.
Neutral
PRNewsWire
3 weeks ago
Canaan Inc. Enters into Securities Purchase Agreement for Series A-1 Preferred Shares Financing and Completes First Tranche Closing
Provides Company with access to up to US$200 million SINGAPORE , March 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that the Company had entered into a Securities Purchase Agreement (the "Agreement") with an institutional investor (the "Buyer"), providing the Company with total gross proceeds of up to US$200 million through a Series A-1 Preferred Shares financing (the "Preferred Shares Financing"). First tranche closing under the Preferred Shares Financing was completed on March 10, 2025, where an initial US$100 million has been received.
Positive
Seeking Alpha
4 weeks ago
Canaan Presents A Golden Opportunity
Canaan's stock is extremely oversold but shows strong support around $1.15 to $1.30, presenting a compelling risk/reward opportunity for investors. The company is a small-cap Bitcoin miner with competitive costs and new products like the Avalon Q, potentially boosting future profitability. Despite recent earnings revisions, Canaan's valuation appears too low, especially given its potential to achieve significant profits by 2025 and 2026.
Neutral
PRNewsWire
1 month ago
Canaan Inc. Announces February 2025 Bitcoin Production, Mining Operation Updates, and Preliminary Fourth Quarter 2024 Financial Results
SINGAPORE , March 3, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining and operational update for February 2025 and announced preliminary unaudited financial results for the fourth quarter ended December 31, 2024. Management Commentary "Despite February being a shorter month, we continued to make steady strides in both our mining operations and product innovation," said Nangeng Zhang, Chairman and chief executive officer of Canaan.
Neutral
PRNewsWire
1 month ago
Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates
SINGAPORE , Feb. 19, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending January 31, 2025. Management Commentary "In January, we made solid progress across all segments of our business, as we expanded our customer base, announced two Avalon Home consumer products, and advanced our self-mining capacity, leading to an increase in our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan.
Charts implemented using Lightweight Charts™