CAN
Canaan CreativeCAN
CAN
About: Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and 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 and accessories. Geographically, the company derives its maximum revenue from United States.
Employees: 463
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
48% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 23
44% more call options, than puts
Call options by funds: $1.74M | Put options by funds: $1.21M
0.38% less ownership
Funds ownership: 1.75% [Q4 2024] → 1.38% (-0.38%) [Q1 2025]
18% less funds holding
Funds holding: 97 [Q4 2024] → 80 (-17) [Q1 2025]
60% less capital invested
Capital invested by funds: $160M [Q4 2024] → $63.6M (-$96.4M) [Q1 2025]
64% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 25
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2
200%
upside
Avg. target
$3.13
369%
upside
High target
$5
651%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Rosenblatt Kevin Cassidy | 651%upside $5 | Buy Maintained | 21 May 2025 |
Benchmark Mark Palmer | 200%upside $2 | Buy Maintained | 21 May 2025 |
HC Wainwright & Co. Kevin Dede | 350%upside $3 | Buy Reiterated | 27 Mar 2025 |
Compass Point Joe Flynn | 275%upside $2.50 | Buy Initiated | 18 Mar 2025 |
Financial journalist opinion
Based on 7 articles about CAN published over the past 30 days
Neutral
PRNewsWire
5 days ago
Canaan Inc. Provides May 2025 Bitcoin Production and Mining Operation Updates
SINGAPORE , June 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 May 31, 2025. Management Commentary "In May 2025, despite the 10% increase in tariffs on our Malaysia-made Bitcoin mining machines due to ongoing U.S. trade uncertainties, we remained focused on executing our strategic priorities with discipline and agility," said Nangeng Zhang, chairman and chief executive officer of Canaan.
Neutral
PRNewsWire
6 days ago
Canaan Inc. Announces Share Purchases by Chief Executive Officer and Chief Financial Officer
SINGAPORE , June 9, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its chairman and chief executive officer, Nangeng Zhang, and its chief financial officer, James Jin Cheng , had purchased additional shares of the Company's stock in the open market. Such transactions complied with the Company's internal trading policy as well as relevant laws and regulations.
Neutral
PRNewsWire
2 weeks ago
Canaan Inc. Announces Up to US$30 Million Share Repurchase Program
SINGAPORE , May 27, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may repurchase up to US$30 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares, over the next six months starting from May 27, 2025. Nangeng Zhang, chairman and chief executive officer of Canaan, commented, "In light of the recent market conditions, we believe that our shares are trading at levels that materially undervalue the strength of our business model and long-term growth potential.
Neutral
Seeking Alpha
3 weeks ago
Canaan Inc. (CAN) Q1 2025 Earnings Call Transcript
Canaan Inc. (NASDAQ:CAN ) Q1 2025 Earnings Conference Call May 20, 2025 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CFO Conference Call Participants Kevin Cassidy - Rosenblatt Securities Michael Donovan - H.C. Wainwright Mike Grondahl - Northland Securities Bill Papanastasiou - KBW Nick Giles - B.
Negative
Zacks Investment Research
3 weeks ago
Canaan (CAN) Reports Q1 Loss, Lags Revenue Estimates
Canaan (CAN) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.16 per share a year ago.
Neutral
PRNewsWire
3 weeks ago
Canaan Inc. Reports Unaudited First Quarter 2025 Financial Results
Total revenues of US$82.8 million exceeded guidance, up 135.9% YoY Bitcoin mining revenues reached US$24.3 million, up 131.9% YoY SINGAPORE , May 20, 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 ended March 31, 2025. First Quarter 2025 Operating and Financial Highlights Total revenues were US$82.8 million, which beat the guidance of US$75 million and increased 135.9% year-over-year.
Neutral
PRNewsWire
4 weeks ago
Canaan Inc. Receives Nasdaq Notification Regarding Minimum Bid Requirements
SINGAPORE , May 16, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that on May 13, 2025, it received a written notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price of its American depositary shares (the "ADSs") was below US$1.00 per share for the last 30 consecutive business days. The Nasdaq notification letter has no immediate effect on the listing or trading of the Company's securities on Nasdaq.
Neutral
PRNewsWire
1 month ago
Canaan Inc. Provides April 2025 Bitcoin Production and Mining Operation Updates
SINGAPORE , May 14, 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 April 30, 2025. Management Commentary "Our April production metrics demonstrate our ability to maintain a cost-effective mining operation on a global scale, as we expand our footprint and grow our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan.
Neutral
PRNewsWire
1 month ago
Canaan Inc. to Report First Quarter 2025 Financial Results on May 20, 2025
SINGAPORE , May 12, 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 first quarter ended March 31, 2025, before the U.S. market opens on May 20, 2025. The Company's management team will hold a conference call at 8:00 A.M.
Negative
Zacks Investment Research
1 month ago
Canaan (CAN) May Report Negative Earnings: Know the Trend Ahead of Q1 Release
Canaan (CAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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