Earnings summaries and quarterly performance for Canaan.
Research analysts who have asked questions during Canaan earnings calls.
Kevin Cassidy
Rosenblatt Securities
9 questions for CAN
Also covers: ADEA, AMBA, BTDR +13 more
KD
Kevin Dede
H.C. Wainwright & Co.
8 questions for CAN
Also covers: ABTC, ARBK, BTBT +15 more
Mark Palmer
The Benchmark Company, LLC
4 questions for CAN
Also covers: DAVE, GLXY, ICG +4 more
MG
Mike Grondahl
Lake Street Capital Markets
4 questions for CAN
Also covers: ABL, ACCS, APLD +38 more
MD
Michael Donovan
H.C. Wainwright & Co.
3 questions for CAN
Also covers: APLD, BITF, BTCY +6 more
Nick Giles
B. Riley Securities
3 questions for CAN
Also covers: AA, AMR, APLD +25 more
Ben Sommers
BTIG
2 questions for CAN
Also covers: HUT, IREN, NE +1 more
BP
Bill Papanastasiou
Keefe, Bruyette & Woods (KBW)
2 questions for CAN
Also covers: ARBK, BITF, BLSH +11 more
Henry Hearle
B. Riley Securities
2 questions for CAN
Also covers: AA, BTBT, HL +1 more
JF
Joe Flynn
Compass Point Research & Trading, LLC
2 questions for CAN
Also covers: SDIG
JT
John Todaro
Needham & Company
2 questions for CAN
Also covers: APLD, BTDR, CIFR +14 more
WC
William Chan
B. Riley Securities
2 questions for CAN
AD
Abdullah Dilawar
Compass Point Research & Trading
1 question for CAN
EE
Edward Engel
Compass Point Research & Trading, LLC
1 question for CAN
Also covers: ANTA, BULL, CNCK +4 more
FB
Fedorchak Belen
B. Riley Securities
1 question for CAN
Fedor Shabalin
B. Riley Securities
1 question for CAN
Also covers: ABTC, BITF, BTDR +6 more
Logan Hennen
Northland Securities
1 question for CAN
Also covers: ECPG, MFIN
MG
Mike Gundahl
Northland Capital Markets
1 question for CAN
Recent press releases and 8-K filings for CAN.
Canaan Inc. Reports February 2026 Bitcoin Production and Hashrate Expansion
CAN
New Projects/Investments
M&A
- Canaan Inc. produced 86 BTC in February 2026, bringing its total cryptocurrency holdings to 1,793 BTC and 3,952 ETH, with an estimated value of US$128 million as of February 28, 2026.
- By the end of February 2026, the company's deployed hashrate reached 14.75 EH/s, including 4.4 EH/s from its 49% stake in joint venture facilities.
- On February 23, 2026, Canaan Inc. acquired Cipher Mining Inc.'s 49% interest in the ABC Projects in West Texas for approximately US$39.75 million via a non-cash equity issuance, adding 4.4 EH/s of operational hashrate capacity and 120 MW of power capacity.
- The average all-in power cost for February 2026 was US$0.044/kWh.
16 hours ago
Canaan Inc. announces February 2026 Bitcoin production and strategic expansion
CAN
M&A
New Projects/Investments
- Canaan Inc. mined 86 BTC in February 2026, bringing its total cryptocurrency holdings to a record-high treasury of 1,793 BTC and 3,952 ETH, with an estimated value of US$128 million.
- The company's deployed hashrate expanded to 14.75 EH/s by the end of February 2026.
- On February 23, 2026, Canaan acquired Cipher Mining's 49% interest in the ABC Projects in West Texas, adding approximately 4.4 EH/s of operational hashrate capacity and 120 MW of power capacity through a non-cash equity issuance valued at approximately US$39.75 million.
- The CEO and CFO demonstrated confidence by purchasing an additional 1,456,547 ADSs on March 3, 2026, at an average price of US$0.51 per ADS.
23 hours ago
Canaan Inc. Executives Announce Open Market Share Purchases
CAN
- Canaan Inc.'s Chairman and CEO, Nangeng Zhang, and CFO, Jin "James" Cheng, purchased a combined total of 1,456,547 American Depositary Shares (ADSs) in the open market.
- The shares were acquired at an average price of US$0.51 per ADS.
- The executives stated that these purchases reflect their strong conviction in Canaan's long-term vision and growth potential, believing the current market valuation does not fully reflect the company's value.
8 days ago
Canaan Inc. Announces Open Market Share Purchases by Executives
CAN
- Canaan Inc.'s Chairman and CEO, Nangeng Zhang, and CFO, Jin "James" Cheng, collectively acquired 1,456,547 American Depositary Shares (ADSs) in the open market.
- The shares were purchased at an average price of US$0.51 per ADS.
- The executives stated these purchases reflect their strong conviction in Canaan's long-term vision and their belief that the current market valuation does not fully reflect the company's strength and growth potential.
8 days ago
Canaan Inc. acquires Cipher Mining's interest in West Texas mining projects
CAN
M&A
New Projects/Investments
- Canaan Inc. acquired Cipher Mining Technologies Inc.'s 49% equity interest in the joint venture comprising Alborz LLC, Bear LLC, and Chief Mountain LLC (the "ABC Projects").
- This acquisition includes 6,840 Avalon A15Pro mining rigs and provides Canaan with access to 120 MW of fully operational power assets in West Texas, supporting approximately 4.4 EH/s of total operating hashrate.
- The total consideration for the transaction is approximately US$39.75 million, funded through the issuance of 806,439,900 Canaan Inc. Class A ordinary shares to Cipher, equivalent to 53,762,660 American Depositary Shares (ADS), priced at US$0.7394 per ADS.
- As a result of this non-cash transaction, Cipher Mining becomes a significant shareholder of Canaan Inc..
Feb 24, 2026, 11:17 AM
Canaan acquires Cipher Mining's interest in operational mining projects
CAN
M&A
New Projects/Investments
- Canaan Inc. acquired 49% equity interest in the ABC Projects (Alborz LLC, Bear LLC, and Chief Mountain LLC) from Cipher Mining Technologies Inc..
- The acquisition, valued at approximately US$39.75 million, was funded by issuing 806,439,900 Canaan Inc. Class A ordinary shares to Cipher, making Cipher a significant shareholder.
- The ABC Projects operate 120 MW of power capacity and support ~4.4 EH/s of total operating hashrate in West Texas, with highly competitive average power rates of sub-3 cents/kWh.
- This strategic move expands Canaan's North American digital asset footprint and advances its energy strategy towards a systematic upstream development model.
Feb 23, 2026, 9:10 PM
Canaan Inc. Reports Strong Q4 and Full Year 2025 Financial Results
CAN
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Canaan Inc. reported total revenues of US$196.3 million for Q4 2025, a 121.1% year-over-year increase, and US$529.7 million for the full year 2025, up 96.7% from 2024. The company achieved a gross profit of US$14.6 million in Q4 2025 and US$41.2 million for the full year 2025, a significant improvement from gross losses in the prior year periods.
- For Q4 2025, the company recorded a net loss of US$85.0 million and a basic and diluted net loss per ADS of US$0.13. The full year 2025 net loss was US$210.3 million, with a basic and diluted net loss per ADS of US$0.45.
- Operationally, Canaan Inc. sold a record 14.6 EH/s of computing power in Q4 2025 and 36.5 EH/s for the full year 2025. Mining revenue reached US$30.4 million in Q4 2025 and US$113.2 million for the full year 2025, while its cryptocurrency treasury expanded to a record 1,750 BTC and 3,951 ETH by December 31, 2025.
- As of December 31, 2025, the company held cash of US$80.8 million and cryptocurrency assets with a fair value of US$83.3 million. For Q1 2026, Canaan Inc. anticipates total revenues to be in the range of US$60 million to US$70 million.
Feb 10, 2026, 1:56 PM
Canaan Inc. Provides January 2026 Bitcoin Production and Mining Updates
CAN
New Projects/Investments
Share Buyback
- Canaan Inc. mined 83 BTC in January 2026.
- The company's cryptocurrency treasury reached a record high of 1,778 BTC and 3,951 ETH at month-end January 2026.
- The deployed hashrate exceeded 10 EH/s, reaching 10.07 EH/s, with an operating hashrate of 6.63 EH/s at month-end January 2026.
- Canaan has repurchased approximately 2.8 million ADSs for US$2 million under its renewed US$30 million share buyback program as of February 10, 2026.
- The company announced a 3.0 MW proof-of-concept project in Manitoba, Canada, to recover heat from an Avalon computing system for greenhouse operations.
Feb 10, 2026, 1:55 PM
Canaan Reports Strong Q4 2025 Revenue, Provides Cautious Q1 2026 Outlook
CAN
Earnings
Guidance Update
Product Launch
- Canaan reported Q4 2025 total revenue of $196 million, representing a 30.4% quarter-over-quarter increase and its highest quarterly revenue in three years, driven by a large order for over 50,000 A15 Pro models.
- The company's self-mining operations expanded, with total installed hash rate increasing 8.6% quarter-over-quarter to 9.91 exahash per second and approximately 300 Bitcoins mined during Q4 2025.
- For the full year 2025, total revenue reached $530 million, surging 96.7% year-over-year, and the mining business revenue exceeded $100 million for the first time.
- Canaan officially launched its flagship next-generation air-cooled model, the A16XP, in October 2025, delivering over 300 TH/s per unit with a power efficiency of 12.8 J/TH, with mass production expected to ramp up by the end of Q1 2026.
- Despite strong Q4 performance, the company provided a cautious outlook for Q1 2026 revenue, estimated to be between $60 million and $70 million, due to Bitcoin price volatility and miners adopting a wait-and-see approach.
Feb 10, 2026, 1:00 PM
Canaan Reports Strong Q4 and Full-Year 2025 Results, Announces Share Repurchase Program, and Provides Q1 2026 Guidance
CAN
Earnings
Guidance Update
Share Buyback
- Canaan reported Q4 2025 total revenue of $196.3 million, a 121% year-over-year increase, contributing to a full-year 2025 revenue of $529.7 million, also up 121.1% year-over-year.
- The company achieved a gross profit of $14.6 million in Q4 2025 and $41.2 million for the full year, while reporting an operating loss of $23.6 million in Q4 2025 and -$112.2 million for FY2025.
- Canaan issued Q1 2026 revenue guidance of $60-$70 million.
- A share repurchase program of up to US$30 million was announced, with US$2 million used to purchase 2.8 million ADSs as of February 10, 2026.
- The company unveiled its Next-Gen Avalon A16 Series and launched strategic initiatives, including a 2.5 MW gas-to-computing pilot and a 3 MW heat-recovery proof-of-concept.
Feb 10, 2026, 1:00 PM
Quarterly earnings call transcripts for Canaan.
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