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Canaan Inc (CAN)
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Upturn Advisory Summary
11/05/2025: CAN (1-star) is a SELL. SELL since 1 days. Simulated Profits (57.32%). Updated daily EoD!
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 $2.98
1 Year Target Price $2.98
| 5 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -3.65% | Avg. Invested days 24 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 558.11M USD | Price to earnings Ratio - | 1Y Target Price 2.98 |
Price to earnings Ratio - | 1Y Target Price 2.98 | ||
Volume (30-day avg) 6 | Beta 2.85 | 52 Weeks Range 0.53 - 3.27 | Updated Date 11/8/2025 |
52 Weeks Range 0.53 - 3.27 | Updated Date 11/8/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.88 |
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 601371267 | Price to Sales(TTM) 1.62 |
Enterprise Value 601371267 | Price to Sales(TTM) 1.62 | ||
Enterprise Value to Revenue 1.74 | Enterprise Value to EBITDA 0.6 | Shares Outstanding 448228270 | Shares Floating 6336257128 |
Shares Outstanding 448228270 | Shares Floating 6336257128 | ||
Percent Insiders 5.3 | Percent Institutions 12.04 |
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 IC design company specializing in blockchain and artificial intelligence (AI) chip design. Canaan pioneered the creation of ASIC-powered Bitcoin mining hardware and has since expanded into AI chips.
Core Business Areas
- Bitcoin Mining Hardware: Designs and sells Bitcoin mining machines under the AvalonMiner brand.
- AI Chips: Develops and sells AI chips used for various applications, including edge computing and AI inference.
Leadership and Structure
The company is led by its CEO, Nangeng Zhang. The organizational structure includes departments for research and development, sales and marketing, and operations.
Top Products and Market Share
Key Offerings
- AvalonMiner: A range of ASIC-based Bitcoin mining hardware. Market share is volatile and highly dependent on Bitcoin prices and hashrate. Competitors include Bitmain, MicroBT (WhatsMiner), and others. Canaan claims to have been one of the first three companies to sell ASIC miners. Revenue from bitcoin mining hardware makes up the bulk of company revenue.
- AI Chips: Kendryte series AI chips designed for edge computing applications. Market share information is not readily available. Competitors include Nvidia, Intel, and Xilinx.
Market Dynamics
Industry Overview
The Bitcoin mining hardware industry is highly competitive and cyclical, driven by Bitcoin prices and network hashrate. The AI chip market is rapidly growing, with increasing demand for edge computing solutions.
Positioning
Canaan is positioned as a leader in ASIC Bitcoin mining hardware and is striving to gain traction in the AI chip market. Their competitive advantage lies in their early mover status in ASIC mining and their expertise in chip design.
Total Addressable Market (TAM)
The TAM for Bitcoin mining hardware is directly correlated to the value of Bitcoin and the profitability of mining. Estimates vary widely. The TAM for AI chips is projected to be hundreds of billions of dollars. Canaan is positioned to capture a small portion of this TAM as they are in a niche area of edge AI.
Upturn SWOT Analysis
Strengths
- Early mover advantage in ASIC Bitcoin mining
- Proprietary chip design capabilities
- Established brand recognition in the mining community
- Diversification into AI chips
Weaknesses
- High dependence on Bitcoin price volatility
- Limited AI chip market share
- Geographical concentration of operations
- Competition from larger, more established chip manufacturers
Opportunities
- Expansion into new AI applications
- Development of more efficient mining hardware
- Strategic partnerships with AI platform providers
- Geographic diversification of operations
Threats
- Increased competition in both mining hardware and AI chips
- Regulatory changes affecting Bitcoin mining
- Supply chain disruptions
- Technological advancements rendering existing products obsolete
Competitors and Market Share
Key Competitors
- BITM
- Hut 8 Mining Corp (HUT)
- CleanSpark, Inc. (CLSK)
Competitive Landscape
Canaan faces intense competition in both the Bitcoin mining and AI chip markets. Their success depends on innovation, cost efficiency, and effective marketing.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been highly volatile and dependent on Bitcoin prices.
Future Projections: Future growth is dependent on both Bitcoin prices and success in the AI chip market. Analyst estimates vary widely.
Recent Initiatives: Canaan is focused on expanding its AI chip offerings and improving the efficiency of its Bitcoin mining hardware.
Summary
Canaan is a high-risk, high-reward company. It has experienced periods of great growth as well as great losses. The success of its business is highly correlated with Bitcoin price. The shift into AI represents an opportunity for diversification, but it will need to gain market traction to succeed.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings, industry reports, financial news sources.
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise. Financial data is based on publicly available information.
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.
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