
Canaan Inc. (CAN) Stock Forecast & Price Target
Canaan Inc. (CAN) Analyst Ratings
Bulls say
Canaan Inc. has demonstrated a strategic shift in its business model by expanding its Bitcoin mining capabilities, which has diversified its revenue streams beyond traditional rig sales; self-mining now represents approximately 25% of its revenue, a significant increase of about 900 basis points year-over-year. Despite challenges in the broader market, Canaan has achieved strong average selling price (ASP) growth, reaching approximately $11.9 per terahash in the third quarter of 2025, enabling record product sales. The company’s aggressive expansion of its self-mining fleet, which has doubled year-over-year and driven a remarkable 200% increase in self-mining revenue, positions Canaan favorably for continued growth and improved efficiency in the competitive landscape.
Bears say
The financial analyst's negative outlook on Canaan Inc. is rooted in several critical factors, including expected slowdowns in R&D capital expenditures due to advancements in rig efficiency plateauing, which may hinder the introduction of new generation rigs aimed at improving performance. Additionally, the anticipated reduction in global hash rate growth, stemming from US miners transitioning from Bitcoin mining to high-performance computing (HPC), suggests a declining demand environment for Canaan's products. Coupled with the drop in Bitcoin prices affecting order velocity and potential delays in new orders, these dynamics raise concerns about Canaan's ability to maintain market share and drive future earnings growth.
This aggregate rating is based on analysts' research of Canaan Inc. and is not a guaranteed prediction by Public.com or investment advice.
Canaan Inc. (CAN) Analyst Forecast & Price Prediction
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