Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - 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
- 1Y
- 1M
- 1W
Upturn Advisory Summary
11/28/2025: 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 $2.89
1 Year Target Price $2.89
| 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 PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 567.30M USD | Price to earnings Ratio - | 1Y Target Price 2.89 |
Price to earnings Ratio - | 1Y Target Price 2.89 | ||
Volume (30-day avg) 6 | Beta 2.85 | 52 Weeks Range 0.53 - 3.27 | Updated Date 11/29/2025 |
52 Weeks Range 0.53 - 3.27 | Updated Date 11/29/2025 | ||
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 2025-11-18 | When - | Estimate -0.01 | Actual -0.36 |
Profitability
Profit Margin -51.66% | Operating Margin (TTM) -15.1% |
Management Effectiveness
Return on Assets (TTM) -15.02% | Return on Equity (TTM) -62.71% |
Valuation
Trailing PE - | Forward PE 2.15 | Enterprise Value 495751977 | Price to Sales(TTM) 1.34 |
Enterprise Value 495751977 | Price to Sales(TTM) 1.34 | ||
Enterprise Value to Revenue 1.44 | Enterprise Value to EBITDA 0.6 | Shares Outstanding 540909174 | Shares Floating 7834398427 |
Shares Outstanding 540909174 | Shares Floating 7834398427 | ||
Percent Insiders 5.3 | Percent Institutions 15.43 |
Upturn AI SWOT
Canaan Inc
Company Overview
History and Background
Canaan Inc. was founded in 2013. It's a Chinese company that designs and manufactures Bitcoin mining hardware. Initially focused on ASIC design, they later expanded into mining hardware and AI chips. They listed on the NASDAQ in 2019.
Core Business Areas
- Bitcoin Mining Hardware: Design, manufacture, and sale of Bitcoin mining hardware, primarily Application-Specific Integrated Circuits (ASICs).
- AI Chips: Developing and selling AI chips for various applications, including edge computing and cloud computing.
Leadership and Structure
Nangeng Zhang is the Chairman and CEO. The company has a typical corporate structure with departments for R&D, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- Avalon Miners: Bitcoin mining hardware utilizing ASICs. Market share is difficult to precisely determine, but Canaan is consistently listed as a major player among the top 3 miners. Competitors include Bitmain (privately held) and MicroBT (privately held).
- Kneron AI Chips: AI chips designed for edge computing. Revenue is less substantial than mining hardware, but it's a growing area. Competitors include Nvidia (NVDA), Intel (INTC), and Qualcomm (QCOM).
Market Dynamics
Industry Overview
The Bitcoin mining hardware industry is highly competitive and volatile, heavily influenced by Bitcoin prices and technological advancements. The AI chip market is rapidly growing, driven by increasing demand for AI applications.
Positioning
Canaan Inc. is a major player in the Bitcoin mining hardware market, known for its Avalon Miners. In the AI chip market, it is a smaller, emerging player.
Total Addressable Market (TAM)
The Bitcoin mining hardware TAM fluctuates with Bitcoin prices, potentially reaching billions of dollars. The AI chip market is significantly larger, projected to reach hundreds of billions of dollars within the next decade. Canaan is positioned to capture a small portion of the AI chip market while remaining a significant player in the Bitcoin Mining sector.
Upturn SWOT Analysis
Strengths
- Strong brand recognition in the Bitcoin mining hardware market
- Experience in ASIC design and manufacturing
- Diversification into AI chips
- First mover advantage in the RISC-V AI accelerator market
Weaknesses
- High dependence on Bitcoin prices
- Intense competition in both mining hardware and AI chip markets
- Relatively small scale compared to industry giants
- Geographic concentration in China
Opportunities
- Growing demand for AI chips
- Expansion into new geographic markets
- Development of more efficient mining hardware
- Potential partnerships with major tech companies
Threats
- Fluctuations in Bitcoin prices
- Increasing competition from larger companies
- Regulatory uncertainty in China
- Technological disruptions in mining hardware
Competitors and Market Share
Key Competitors
- BITM
- NVDA
- AMD
- INTC
Competitive Landscape
Canaan competes primarily with larger, more established companies in both the Bitcoin mining hardware and AI chip markets. The company has struggled in the past to produce superior hardware while it has been competitive on prices.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been strongly tied to Bitcoin price movements, showing high volatility.
Future Projections: Future growth projections are uncertain due to the dependence on Bitcoin. Analyst estimates vary widely.
Recent Initiatives: Focus on developing more efficient mining hardware and expanding AI chip applications, focusing on edge computing and RISC-V architecture.
Summary
Canaan Inc. is a volatile company, dependent on the price of Bitcoin and overall market demand for cryptocurrency mining hardware. It faces strong competition and regulatory risks. The development of AI chips presents an opportunity for diversification. However, high volatility and smaller market size compared to competitors create risk, despite having a strong brand recognition in the ASIC mining equipment sector.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Industry Reports
- Analyst Estimates
- Company Website
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data is subject to change. The AI-based fundamental rating is based on automated analysis and should not be considered definitive.
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.