Canaan Inc.

Canaan, Inc. provides computing solutions to solve problems. Currently, the firm is focused on the research and development of technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. It also provides a suite of AI service solutions. The company was founded by Li Jia Xuan, Liu Xiang Fu and Zhang Nan Geng in 2013 and is headquartered in Beijing, China.

Earnings data Q4 2020

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Canaan Inc. surpasses revenue expectations amidst bitcoin industry challenges

Canaan Inc. navigated industry challenges to exceed revenue guidance, focusing on R&D investment and global mining expansion. The company faces tough market conditions but is strategically balancing share buyback and ATM use. Opportunities lie in AI chip development and expanding mining operations in North America.

Canaan Inc. Q1 2023 Sees Revival in Bitcoin Mining Demand

Canaan Inc. Q1 2023 reflects a resilient performance in the bitcoin mining industry, with a focus on innovation, global expansion, and financial stability. Despite ongoing challenges, the company is well-positioned to capitalize on opportunities for revenue growth and market share expansion.

Canaan Inc. reports robust Q2 mining revenue amidst market challenges

Canaan Inc. delivered solid financial performance in Q2 2023, with a focus on mining revenue and strategic growth initiatives. However, challenges from policy changes and market uncertainties warrant a cautious outlook for future revenue. The company remains resilient and adaptable in addressing industry dynamics.

Canaan Inc. reports Q3 revenue beat amidst market challenges

Canaan Inc. navigated a challenging quarter marked by financial losses and operational disruptions, yet demonstrated resilience through product innovation and market expansion efforts.
The company's proactive approach to raising capital and restructuring business segments indicates a strategic focus on long-term growth and sustainability.
While facing uncertainties in the industry, Canaan Inc. remains positioned to capitalize on opportunities for growth through product development and strategic partnerships.

Canaan Inc. surpasses revenue expectations, eyes growth amid market uncertainties

Canaan Inc. delivered strong financial performance in Q4 2023, surpassing revenue expectations and achieving notable sales growth. The company's strategic focus on innovation, partnerships, and operational efficiency positions it well for future growth. While challenges exist, Canaan Inc. is proactively addressing market uncertainties and pursuing growth opportunities.

Canaan Inc. reports Q1 revenue of USD 35 million, eyes growth

Canaan Inc. demonstrated strong revenue generation in Q1 2024 but faced a net loss due to significant operating expenses.
The company's focus on enhancing mining machines and managing costs positions it well for future growth and profitability.
Despite challenges, Canaan's strategic approach to cash management and product development presents opportunities for sustained success in the mining industry.
Investors should monitor Canaan's performance closely as the company aims for continued revenue growth in the upcoming quarters.

Canaan Inc. reports robust Q2 results amidst market challenges

Canaan Inc. reported strong Q2 2024 results with sequential revenue growth, operational improvements, and a positive outlook for future performance
The company's focus on innovation, cost management, and global expansion positions it well to navigate market challenges and capitalize on growth opportunities
Despite market uncertainties and operational challenges, Canaan Inc. remains resilient, adaptive, and poised for continued success in the cryptocurrency mining industry

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Canaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. It focuses on the development of green mining. The company was founded by Jia Xuan Li, Xiang Fu Liu and Nan Geng Zhang in 2013 and is headquartered in Singapore.

BEIJING, Aug. 31, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has secured a purchase order (the "Order") from Genesis Digital Assets Limited ("Genesis Digital Assets"), a leading Bitcoin mining firm with extensive experience in building and operating industrial-scale Bitcoin mining data centers, for 20,000 of its Bitcoin mining machines. In conjunction with the Order, Canaan has granted Genesis Digital Assets an option to purchase up to 180,000 additional mining machines.

Canaan Cements Strategic Partnership With Genesis Digital Assets via Milestone Sales Contract With an Additional Purchase Option

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Cryptocurrencies are up big today, and that's pulling crypto mining and equipment stocks with them.

Why Crypto Stocks Popped on Monday Morning

The shares of Canaan Inc. (NASDAQ: CAN) increased by over 8% pre-market. This is why it happened.

Canaan Shares Increase Over 8% Pre-Market: Why It Happened

Key points: Canaan Inc.'s recent series of deals from two major international customers could be worth around $200 million in 2021 and 2022

Bitcoin Mining Machine Maker Canaan Plays Up Offshore Sales

High-performance computing solutions provider Canaan Inc (NASDAQ:CAN) won a purchase order for 17,352 bitcoin mining machines with an aggregate operating hash power of 1.5EH from Mawson Infrastructure Group Inc (OTCQB:MIGI). Canaan will deliver the latest generations of Avalon A1166 and A1246 bitcoin mining machines to Mawson's operations in the U.S. and Australia throughout 2021 and 2022.

Canaan Scoops Bitcoin Mining Machine Order From Mawson

BEIJING, Aug. 13, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has received from Mawson Infrastructure Group Inc. (OTCQB: MIGI) ("Mawson") a purchase order (the "Order") for 17,352 bitcoin mining machines with an aggregate operating hash power of 1.5EH. According to the terms of the Order, the Company will deliver the latest generations of its Avalon A1166 and A1246 bitcoin mining machines to Mawson's operations in the U.S. and Australia throughout 2021 and 2022.

Canaan Secures Substantial Order of 17,352 Bitcoin Mining Machines from Mawson

SYDNEY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (OTCQB:MIGI) (“Mawson”), a digital infrastructure provider with diversified operations across bitcoin mining and digital asset management, announces it has purchased an additional 17,352 of Canaan's (NASDAQ:CAN) latest generation ASIC bitcoin miners, adding over 1.5EH to Mawson's existing operations. The additional 17,352 latest generation Avalon A1166 and A1246 bitcoin miners will be deployed across Mawson's USA and Australian operation

Mawson Infrastructure Group Inc. Announces Purchase of an Additional 17,352 Latest Generation ASIC Bitcoin Miners From Canaan, Adding 1.5EH to Existing Operations

BEIJING, Aug. 11, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company through its wholly-owned subsidiary, Hangzhou Canaan Creative Information Technology Limited, has entered into an agreement with Pixelworks Semiconductor Technology (Shanghai) Co., Ltd.("PWSH"), a subsidiary of Pixelworks, Inc. (NASDAQ: PXLW) ("Pixelworks") to invest approximately US$3.1 million in cash in exchange for an equity interest in PWSH (the "Investment"), subject to certain closing conditions.

Canaan Enhances Its AI Business Through Investment in Leading Visual Solution Provider

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The crypto market has enjoyed strong bullish conditions over the last month.

Here's Why Coinbase Global, Canaan, and Ebang International Were Up Big Today

The stock price of Canaan Inc (NASDAQ: CAN) increased by over 5% pre-market. This is why it happened.

CAN Stock Price Increases Over 5% Pre-Market: Why It Happened

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BEIJING, Aug. 3, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has received from HIVE Blockchain Technologies Ltd. ("HIVE") a purchase order (the "Order") for 4,000 bitcoin mining machines with an aggregate operating hash power of 272 Petahash per second ("PH/s").

Canaan Announces Customer Order of 4,000 Bitcoin Mining Machines

Bitcoin mining-related stocks are having a great start to the week.

Why Canaan's Shares Popped 18.3% Today

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Today, big news around taxation of the crypto industry has sent crypto mining stocks higher, as this headwind appears to have dissipated. The post Crypto Mining Stocks: Why CAN, HVBT, BTBT, SOS, MARA Stocks Are Gaining Today appeared first on InvestorPlace.

Crypto Mining Stocks: Why CAN, HVBT, BTBT, SOS, MARA Stocks Are Gaining Today

BEIJING, Aug. 2, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the appointment of Mr. James Jin Cheng to the position of Chief Financial Officer, effective immediately.

Canaan Announces Appointment of Chief Financial Officer

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Shares of crypto-mining companies tend to move with the price of Bitcoin and other cryptocurrencies, so their prices jumped over the weekend.

Why Shares of These Crypto-Mining Stocks Are Up Today

The stock price of Canaan Inc (NASDAQ: CAN) increased by over 17% during intraday trading. This is why it happened.

CAN Stock Increases Over 17% Intraday: Why It Happened

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SYDNEY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (OTCQB:MIGI) (“Mawson”), a digital infrastructure provider with diversified operations across bitcoin mining and digital asset management, announces it has taken delivery of 250 Bitmain Antminer S19 Pro's, expects a further 570 Avalon A1246 miners from Canaan (NASDAQ:CAN) to be delivered and operational before the end of July, and expects an additional 588 Avalon A1246 miners to be delivered in early August, adding a further ~125 PH to i

Mawson Infrastructure Group Inc. Announces Update on ASIC Bitcoin Mining Hardware Deliveries and Future Deployment

Canaan Inc (NASDAQ: CAN) announced it is launching an independently designed and developed RISC-V-based edge AI chip Kendryte K510 at the 2021 World Artificial Intelligence Conference. The original data flow computing technology of the K510 improves the chip's computing power by three times.

Canaan Introduces Self-Developed Edge AI Chip, The Kendryte K510

BEIJING, July 8 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the release of the Kendryte K510 (the "K510"), an independently designed and developed RISC-V based edge AI chip, at the 2021 World Artificial Intelligence Conference. The K510 has several key technical advantages.

Canaan Releases Self-developed Edge AI Chip, the Kendryte K510

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China's crypto crackdown hurt the price of Bitcoin and sent Chinese cryptocurrency companies scrambling.

Here's What Was Hurting These 3 Cryptocurrency Stocks This Week

Canann Inc (NASDAQ:CAN), one of the world's largest manufacturer's of crypto mining machines, said it has set up a base of operations in Kazakhstan as the firm looked to shift its operations out of China following a crackdown on digital currencies in the country. On Wednesday, the company said it is also setting up its own Bitcoin mining operation in a bid to diversify away from its sole revenue stream of selling mining rigs, where demand has slipped due to the recent downturn in crypto markets.

Major crypto mining machine maker Canaan sets up Kazakh operation following China crackdown

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Chinese companies are working hard to get out of China and reassure their shareholders.

Why Chinese Cryptocurrency Stocks Fell Hard Again Today

BEIJING, June 16, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has secured a purchase order (the "Order") from Genesis Digital Assets Limited ("Genesis Digital Assets"), a leading Bitcoin mining firm with extensive experience in building and operating industrial-scale Bitcoin mining data centers, for 10,000 of its A1246 and A1166Pro Bitcoin mining machines. According to the terms of the Order, the Company will deliver the Bitcoin mining machines to Genesis Digital Assets in full by June 30, 2021.

News for Canaan Inc. Stock (CAN)