Mike Gundahl's questions to Canaan Inc (CAN) leadership • Q2 2025
Question
Mike Gundahl of Northland Capital Markets inquired about current market dynamics, the pricing strategy and demand for A15 miners, and the company's strategy for penetrating the North American market with its new U.S. production facility.
Answer
CEO Nanjing Zhang noted that the Average Selling Price (ASP) rose from $10.5/TH in Q1 to $11.1/TH in Q2, despite U.S. tariff impacts. He explained that customer purchasing willingness is returning and the new U.S. facility will improve delivery. CFO Jin James Chang added that recent orders from Cypher and CleanSpark validate their strategic focus on the important U.S. market.