Profile
Sector:
TechnologyIndustry:
Computer HardwareCountry:
SingaporeIPO:
20 November 2019Next earnings report:
20 November 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | 2 min agoDividend
Analysts recommendations
Institutional Ownership
CAN Latest News
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 $0.41 per share a year ago.
- Total Revenue Increased to US$73.6 Million, up 120.9% YoY - - Total Computing Power Sold Achieved 7.3 Million Thash/s, up 93.8% YoY - SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended September 30, 2024. Third Quarter 2024 Operating and Financial Highlights Revenues were US$73.6 million, which beat the previous guidance of US$73 million and increased 120.9% year-over-year.
Canaan Inc. (NASDAQ:CAN ) Q3 2024 Earnings Conference Call November 20, 2024 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 Nick Giles - B. Riley Securities Kevin Dede - H.C.
SINGAPORE , Nov. 14, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the third quarter ended September 30, 2024, before the U.S. market opens on November 20, 2024. The Company's management team will hold a conference call at 8:00 A.M.
Continues North American Expansion with Order from Long-term Customer SINGAPORE , Nov. 11, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with HIVE Digital Technologies Ltd ("HIVE"), for its Avalon A1566 miners.
SINGAPORE , Nov. 7, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN), a leading provider of Bitcoin Miners, announced that the company had upgraded Avalon Miner A15 series mining machines. In April 2024, Canaan released its Avalon Miner A1566 air cooling machine with 185 TH/s hash rate and power efficiency ratio of 18.5 J/TH in Hong Kong.
Contributing to CleanSpark's Immersion Mining Operations SINGAPORE , Nov. 1, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan U.S. Inc., a wholly owned subsidiary of the Company, has entered into a purchase agreement with a new customer, CleanSpark Inc., for its Avalon A1566I miners. According to the purchase agreement, Canaan U.S. Inc. will provide CleanSpark with 3800 Avalon A1566I Immersion Cooling Miners.
Plans to fund self-mining expansion and Bitcoin mining machine business in North America SINGAPORE, Sept. 30, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the third and final tranche of its previously announced preferred shares financing (the "Preferred Shares Financing"), raising additional total gross proceeds of $50 million.
Canaan (CAN) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
SINGAPORE , Sept. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) has been recognized for its solid operations by Rosenblatt, a Wall Street investment firm that defines Canaan Inc. as "promising" in light of the upcoming BTC bull market, and initiating with a "buy" rating and a $3 price target for its stock over the next 12 months.
What type of business is Canaan?
Canaan Inc. engages in the research, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of artificial intelligence products, as well as mining business. The company has operations in the United States, Australia, Kazakhstan, Canada, Indonesia, Mainland China, Malaysia, Thailand, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.
What sector is Canaan in?
Canaan is in the Technology sector
What industry is Canaan in?
Canaan is in the Computer Hardware industry
What country is Canaan from?
Canaan is headquartered in Singapore
When did Canaan go public?
Canaan initial public offering (IPO) was on 20 November 2019
What is Canaan website?
https://investor.canaan-creative.com
Is Canaan in the S&P 500?
No, Canaan is not included in the S&P 500 index
Is Canaan in the NASDAQ 100?
No, Canaan is not included in the NASDAQ 100 index
Is Canaan in the Dow Jones?
No, Canaan is not included in the Dow Jones index
When was Canaan the previous earnings report?
No data
When does Canaan earnings report?
The next expected earnings date for Canaan is 20 November 2024