Company Profile · Technology

Canaan Inc

CAN · US
Industry
Crypto Mining Hardware (Bitcoin ASICs)
Exchange
US
Country
USA
IPO date
Nov 20, 2019
Employees
399
Website
investor.canaan-creative.com
Current Price
$0.33
Live · Jun 18, 2026
Fair Buy
≤ $0.2
Margin-of-safety entry
Baillie Growth Score
26/100
Poor
Intrinsic Value · Three-Tier Range Current price $0.33 Live · Within the fair intrinsic-value range

Composite valuation range · conservative $0.08–$0.2 / fair $0.22–$0.45 / optimistic $0.8–$1.7. At $0.33, Within the fair intrinsic-value range.

At publication $0.36 (Jun 8, 2026)

Research on this stock
Canaan Inc.
CAN · US
Avoid
Canaan Inc. — Zen Horizon Framework Deep Dive

Canaan is the bottom-ranked member of Bitcoin mining ASIC's "big three" — yet the only pure-play that is publicly listed. It is no longer an "AI chip" story (the Kendryte line was shut down in June 2025, having contributed only USD 0.9 million of revenue in FY2024 while consuming roughly 15% of opex). Today it is purely a leveraged-long-Bitcoin, cash-burning, listing-survival-betting high-beta speculative instrument. Rating Avoid: a bad business plus high speculation plus survival risk, with no margin of safety at the current price.

Crypto Mining Hardware (Bitcoin ASICs) Baillie 26 Jun 8, 2026
About the company

Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business. It has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Ireland, Georgia, Brazil, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.

Financial snapshot
Market cap$246.61M
Revenue (TTM)$509.65M
EBITDA-$67.66M
Profit margin-41.71%
ROE-67.86%
Forward P/E2.51
EPS-$0.31
52-week range$0.31 – $2.22
Analyst target$1.69
Analyst rating4.8 / 5

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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