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 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures 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
215%
upside
Avg. target
$4.50
467%
upside
High target
$8
909%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Rosenblatt Kevin Cassidy 6% 1-year accuracy 5 / 82 met price target | 909%upside $8 | Buy Maintained | 11 Apr 2025 |
HC Wainwright & Co. Kevin Dede 19% 1-year accuracy 11 / 59 met price target | 278%upside $3 | Buy Reiterated | 27 Mar 2025 |
Compass Point Joe Flynn 0% 1-year accuracy 0 / 4 met price target | 215%upside $2.50 | Buy Initiated | 18 Mar 2025 |
Financial journalist opinion
Based on 10 articles about CAN published over the past 30 days
Neutral
PRNewsWire
3 days ago
Canaan Inc. Files 2024 Annual Report on Form 20-F
SINGAPORE , April 21, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 18, 2025. The annual report can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at https://investor.canaan-creative.com/.
Neutral
Benzinga
1 week ago
An Undervalued Bitcoin Stock To Watch Amid Market Turmoil
The cryptocurrency mining machine maker missed a market boom last year, and is ramping up its own bitcoin production just as the sector shows signs of stumbling
Positive
Zacks Investment Research
1 week ago
Canaan (CAN) Upgraded to Buy: Here's Why
Canaan (CAN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
PRNewsWire
1 week ago
Canaan Inc. to Participate in Jefferies Power x Coin Virtual Conference
SINGAPORE , April 15, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that the Company will participate in the Jefferies Power x Coin Virtual Conference on April 16, 2025, at 2 pm ET. For more information about the conference, please contact your representative at Jefferies or contact the Company at IR@canaan-creative.com.
Neutral
PRNewsWire
2 weeks ago
Canaan Inc. Provides March 2025 Bitcoin Production and Mining Operation Updates
SINGAPORE , April 10, 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 March 31, 2025. Management Commentary "We continued to execute on our North American expansion plan, and our results demonstrate the successful relationships that we've built with our existing partners as well as our ability to find and negotiate favorable partnerships that are helping us to achieve our mining operations' goals," said Nangeng Zhang, chairman and chief executive officer of Canaan.
Neutral
PRNewsWire
4 weeks 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
4 weeks 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
4 weeks 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
4 weeks 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
4 weeks 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.
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