CAN

Canaan

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Signals Analysis

Buy signal 2

Sell signal 1

consensus rating "Strong Buy"

Revenue Beats Expectation

EPS Below Expectations

Key Stats

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About CAN

Canaan Inc.

A Chinese designer of bitcoin mining machines incorporating application-specific integrated circuit technology

Industry

Semiconductor Products and Equipment

Established Date

02/06/2018

Listing Date

11/21/2019

Exchange

NASDAQ Stock Exchange

Full-time Employees

463

Fiscal Year Ends

12-31

Website

investor.canaan-creative.com

Security Type

Depository Receipts (Ordinary Shares)

Office address

28 Ayer Rajah Crescent #06-08, S139959, Singapore

Business

Bitcoin Mining Solutions and ASICs for AI Applications

Introduction

Canaan Inc. was established on February 6, 2018 under the laws of the Cayman Islands. The company is primarily focused on providing crypto mining solutions through their proprietary ASICs. They are one of the few fabless IC design companies with advanced technology to independently design ASICs, established access to leading foundry capacity, and proven in-house capabilities to produce Bitcoin mining machines. They mainly use their technology and expertise in ASIC applications for Bitcoin mining machines and are the leading producers of Bitcoin mining machines in the global market. In addition, with its technical expertise and expertise in ASIC chip design, its operating subsidiary has delivered edge computing chips based on RISC-V architecture for smart digital devices.

Company Financials

EPS

CAN has released its 2024 Q4 earnings. EPS was reported at -0.33, versus the expected -0.11, missing expectations. The chart below visualizes how CAN has performed over recent quarters, highlighting trends in earnings surprises.

Revenue & Expenses

CAN has released its 2024 Q4 earnings report, with revenue of 88.77M, reflecting a YoY change of 80.89%, and net profit of -92.90M, showing a YoY change of 33.17%. The Sankey diagram below clearly presents CAN’s revenue sources and cost distribution.