Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT - About
Canaan Inc (CAN)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/16/2025: CAN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $2.43
1 Year Target Price $2.43
| 5 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -38.75% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/16/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 386.65M USD | Price to earnings Ratio - | 1Y Target Price 2.43 |
Price to earnings Ratio - | 1Y Target Price 2.43 | ||
Volume (30-day avg) 6 | Beta 3.45 | 52 Weeks Range 0.53 - 3.27 | Updated Date 09/15/2025 |
52 Weeks Range 0.53 - 3.27 | Updated Date 09/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.87 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -77.01% | Operating Margin (TTM) -27.88% |
Management Effectiveness
Return on Assets (TTM) -18.94% | Return on Equity (TTM) -75.8% |
Valuation
Trailing PE - | Forward PE 2.15 | Enterprise Value 368933264 | Price to Sales(TTM) 1.12 |
Enterprise Value 368933264 | Price to Sales(TTM) 1.12 | ||
Enterprise Value to Revenue 1.07 | Enterprise Value to EBITDA 0.6 | Shares Outstanding 448228000 | Shares Floating 6336257128 |
Shares Outstanding 448228000 | Shares Floating 6336257128 | ||
Percent Insiders 7.43 | Percent Institutions 18.21 |
Upturn AI SWOT
Canaan Inc
Company Overview
History and Background
Canaan Inc. was founded in 2013 and is headquartered in Beijing, China. It is a fabless integrated circuit (IC) design company engaged in the research, design, and sale of Bitcoin mining machines and related products.
Core Business Areas
- Bitcoin Mining Machines: Designs and sells Bitcoin mining machines under the AvalonMiner brand.
- AI Chips: Develops and sells AI chips, aiming to diversify its revenue streams.
Leadership and Structure
Nangeng Zhang is the Chairman and CEO. The company operates with a functional organizational structure with departments focusing on R&D, sales, and marketing.
Top Products and Market Share
Key Offerings
- AvalonMiner: Bitcoin mining hardware solutions with a focus on high hash rate and energy efficiency. Canaan is a major player in the Bitcoin mining hardware market, competing with Bitmain and MicroBT. Market share is volatile and dependent on chip availability and innovation. Revenue from AvalonMiners is variable due to Bitcoin price fluctuations. Major competitors are Bitmain (Antminer) and MicroBT (Whatsminer).
- AI Chips: Canaan's Kendryte series of AI chips are designed for edge computing applications. Market share is still nascent, but the company aims to compete in the broader AI chip market. Revenue contribution is currently smaller compared to mining machines. Competitors include NVIDIA (GPU), Intel (CPU/GPU), and other specialized AI chip developers.
Market Dynamics
Industry Overview
The Bitcoin mining industry is highly competitive and influenced by Bitcoin price, regulatory environment, and technological advancements. The AI chip market is rapidly growing with increasing demand for edge computing solutions.
Positioning
Canaan Inc. is positioned as a leading manufacturer of Bitcoin mining hardware and is attempting to establish a presence in the AI chip market. Its competitive advantages include its ASIC design capabilities and established brand recognition in the mining industry.
Total Addressable Market (TAM)
The estimated TAM for Bitcoin mining hardware is several billion USD annually, heavily dependent on Bitcoin prices. The AI chip market has a TAM projected to be tens of billions USD annually. Canaan is trying to get into the AI Chip market.
Upturn SWOT Analysis
Strengths
- Strong ASIC design capabilities
- Established brand in Bitcoin mining
- Early mover in AI chip development (relative to other mining companies)
Weaknesses
- High reliance on Bitcoin price
- Geographic concentration in China
- Limited market share in AI chip market
Opportunities
- Growth in AI chip demand
- Expansion into new geographic markets
- Development of more energy-efficient mining hardware
Threats
- Bitcoin price volatility
- Regulatory changes in China and other countries
- Intense competition from Bitmain and MicroBT
- Global chip shortages impacting production
Competitors and Market Share
Key Competitors
- BITM
- EBON
- SDIG
Competitive Landscape
Canaan is a key player but faces intense competition from Bitmain and MicroBT in the mining hardware market. It needs to successfully differentiate its AI chip offerings to gain market share.
Growth Trajectory and Initiatives
Historical Growth: Growth has been rapid during Bitcoin bull markets but has contracted significantly during bear markets.
Future Projections: Analyst estimates vary widely due to the uncertainty surrounding Bitcoin price. The success of AI chip development is also a key factor.
Recent Initiatives: Focus on developing more efficient mining hardware and expanding AI chip offerings. Seeking partnerships to broaden market reach.
Summary
Canaan Inc. is highly correlated with the price of Bitcoin and the demand for Bitcoin mining equipment. Its strength lies in ASIC design, however, it must deal with a very competitive market. They are trying to diversify into AI Chips. Canaan will face regulatory and market risks in China and globally if they don't innovate and have a great competitive edge.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Reports
- Analyst Reports
- Industry News
Disclaimers:
Financial data and analysis are based on publicly available information. Predictions are subject to market conditions and may not be accurate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Canaan Inc
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2019-11-20 | Chairman & CEO Mr. Nangeng Zhang | ||
Sector Technology | Industry Computer Hardware | Full time employees 463 | |
Full time employees 463 | |||
Canaan Inc. engages in the research and development, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of edge computing chip products, as well as mining business. The company has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Georgia, Paraguay, Thailand, Indonesia, Australia, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.