Canaan Creative

CAN

Market cap $645M

Canaan Inc. ( CAN ) Q3 2025 Earnings Call November 18, 2025 8:00 AM EST Company Participants Gwyn Lauber Nangeng Zhang - Chairman & CEO James Cheng - Chief Financial Officer Conference Call Participants Mike Grondahl - Northland Capital Markets, Research Division Henry Hearle Kevin Cassidy - Rosenblatt Securities Inc., Research Division Michael Donovan - Compass Point Research & Trading, LLC, Research Division Kevin Dede - H.C. Wainwright & Co, LLC, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by.

Some earnings beats are more influential than others, and this was clearly a case where investors were caught offsides. With year-over-year revenue growth of more than 100%, it's clear that this stock could have been misjudged by many in the market.

While the top- and bottom-line numbers for Canaan (CAN) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Canaan (CAN) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to a loss of $0.27 per share a year ago.

Total revenues of US$150.5 million exceeded guidance, up 104.4% YoY Bitcoin mining revenues reached US$30.6 million, up 241.0 % YoY Cryptocurrency treasury[1] climbed to a milestone of 1,610 BTC and 3,950 ETH as of October-end 2025 SINGAPORE , Nov. 18, 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 September 30, 2025. Third Quarter 2025 Operating and Financial Highlights Total revenues surged to US$150.5 million, exceeding the high-end of the Company's previous guidance range, representing 104.4% year-over-year and 50.2% quarter-over-quarter growth, underpinned by strong momentum across global sales and bitcoin mining operations.

It wasn't exactly a banner day for the company's favored crypto. Where its price goes, Canaan's often follows.

Operating hashrate poised to grow with additional mining capacity expected to come online in Q4 of 2025 Cryptocurrency treasury reaches record 1,610 BTC and 3,950 ETH at month end SINGAPORE , Nov. 12, 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 October 31, 2025. Management Commentary "October delivered consistent operational performance, with improvements versus September across deployed hashrate, operating hashrate, North American operation's miner efficiency and installed power capacity, while both revenue split and power cost remained stable," said Nangeng Zhang, chairman and chief executive officer of Canaan.

SINGAPORE , Nov. 11, 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 third quarter ended September 30, 2025, before the U.S. market opens on November 18, 2025. The Company's management team will hold a conference call at 8:00 A.M.

SINGAPORE , Nov. 7, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced the closing of the registered direct offering with institutional investors that the Company announced on November 4, 2025. The offering totaled US$72 million of the Company's American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, at a price of US$1.131 per ADS.

It was a fine day for cryptocurrencies in general, and the company benefited from the positive sentiment. It makes a buck by both mining cryptos and selling the gear used in that activity.