Canaan/$CAN
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Capital at risk
About Canaan
Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.
- Ticker
- $CAN
- Sector
- Digital Hardware
- Primary listing
- NASDAQ
- Employees
- 399
- Headquarters
- Singapore, Singapore
- Website
- investor.canaan-creative.com
Canaan Metrics
BasicAdvanced
$312M
-
-$0.47
2.73
-
Price and volume
Market cap
$312M
Beta
2.73
52-week high
$2.22
52-week low
$0.15
Average daily volume
21M
Financial strength
Current ratio
2.862
Quick ratio
1.405
Long term debt to equity
0.121
Total debt to equity
0.241
Interest coverage (TTM)
-57.81%
Profitability
EBITDA (TTM)
-100.984
Gross margin (TTM)
-4.77%
Net profit margin (TTM)
-67.78%
Operating margin (TTM)
-34.73%
Effective tax rate (TTM)
-0.93%
Revenue per employee (TTM)
$1,110,000
Management effectiveness
Return on assets (TTM)
-18.45%
Return on equity (TTM)
-97.07%
Valuation
Price to revenue (TTM)
0.608
Price to book
1.06
Price to tangible book (TTM)
1.07
Price to free cash flow (TTM)
-1.979
Free cash flow yield (TTM)
-50.52%
Free cash flow per share (TTM)
-0.211
Growth
Revenue change (TTM)
27.78%
Earnings per share change (TTM)
-42.69%
3-year revenue growth (CAGR)
6.46%
3-year earnings per share growth (CAGR)
-33.26%
What the Analysts think about Canaan
Analyst ratings (Buy, Hold, Sell) for Canaan stock.
Analyst projections of the future price of Canaan stock.
Bulls say / Bears say
Canaan’s self-mining operation is providing a useful floor while rig sales are weak. It produced 243 BTC in Q2, operated 10.05 EH/s outside joint ventures and reported positive cash contribution before depreciation, with power costs of about $0.04 per kWh. (Morningstar)
The A16 platform could improve Canaan’s competitiveness as mining economics tighten: management cites efficiency of 12.8–16.8 joules per terahash, versus 15.8–17.8 for older A15 machines. Its compute-to-heat strategy also has a follow-on 6 MW order in the Nordic region, giving the hardware a use beyond bitcoin mining. (StockAnalysis, PR Newswire)
Management is using part of the digital-asset treasury to repurchase shares, arguing that the market price understates Canaan’s cash, crypto holdings and mining operations. It had bought back about 16.4 million ADSs for $7.4 million by 8 September, which could lift per-share value if the shares are genuinely undervalued. (PR Newswire, Morningstar)
The core business is contracting sharply. Q2 revenue fell to $31.9 million from $100.2 million a year earlier, product revenue was only $13.6 million, and management guided to just $11–15 million for Q3. (Morningstar)
Canaan faces both weak customer economics and excess supply. Management said miner purchases remain cautious, industry inventory is still being absorbed and competitors are cutting prices, leaving average selling prices under pressure. (StockAnalysis, Benzinga)
Financial resilience is under strain despite the non-cash nature of some charges. Canaan reported a $97.6 million Q2 net loss, held $66.0 million of cash at 30 June versus $80.8 million at year-end, and then sold all 3,952 ETH plus 54 BTC to raise cash partly for buybacks, reducing the liquid crypto buffer available to support operations. (Morningstar, PR Newswire)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.
Canaan Financial Performance
Revenues and expenses
Canaan Earnings Performance
Company profitability
Upcoming events
No upcoming events
Canaan News
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