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CanaanNASDAQ: CAN

Profile

Sector:

Technology

Country:

Singapore

IPO:

20 November 2019

Next earnings report:

20 November 2024

Last dividends:

N/A

Next dividends:

N/A
$499.23 M
-69%vs. 3y high
45%vs. sector
-vs. 3y high
-vs. sector
-69%vs. 3y high
35%vs. sector
-30%vs. 3y high
51%vs. sector

Price

regular market | 2 min ago
$1.74+$0.14(+8.44%)

Dividend

No data over the past 3 years
$71.86 M$495.83 M
$71.86 M-$41.88 M

Analysts recommendations

Institutional Ownership

CAN Latest News

Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates
zacks.com20 November 2024 Sentiment: NEUTRAL

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.

Canaan Inc. Reports Unaudited Third Quarter 2024 Financial Results
prnewswire.com20 November 2024 Sentiment: POSITIVE

- 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. (CAN) Q3 2024 Earnings Call Transcript
seekingalpha.com20 November 2024 Sentiment: -

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.

Canaan Inc. to Report Third Quarter 2024 Financial Results on November 20, 2024
prnewswire.com14 November 2024 Sentiment: POSITIVE

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.

Canaan Inc. Signs Agreement with HIVE for Avalon A1566 Miners
prnewswire.com11 November 2024 Sentiment: POSITIVE

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.

Canaan Upgraded Avalon Miner A15 Series with Superior Performance
prnewswire.com07 November 2024 Sentiment: POSITIVE

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.

Canaan Inc. Awarded Order from New Customer CleanSpark for Avalon A1566I Miners
prnewswire.com01 November 2024 Sentiment: POSITIVE

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.

Canaan Inc. Closes Third Tranche of Preferred Shares Financing
prnewswire.com30 September 2024 Sentiment: POSITIVE

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) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
zacks.com13 September 2024 Sentiment: POSITIVE

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.

Canaan's Solid Operations Recognized, Wall Street Investment Firm Rosenblatt Gives "Buy" Rating
prnewswire.com12 September 2024 Sentiment: POSITIVE

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