Welcome to our dedicated page for Canaan news (Ticker: CAN), a resource for investors and traders seeking the latest updates and insights on Canaan stock.
Canaan Inc. reports developments tied to ASIC high-performance computing chips, Avalon bitcoin mining machines, and its own crypto mining operations. News commonly covers mining equipment orders, customized hash board modules, immersion-cooled system designs, software and hardware services, and the company’s monthly bitcoin production, hashrate, power-cost and cryptocurrency treasury updates.
Canaan’s updates also include energy-linked mining infrastructure, North American site expansion, completed acquisitions of mining project interests, ADS and Class A ordinary share actions, share repurchase activity, beneficial ownership disclosures, annual report filings, conference participation, and Nasdaq listing-compliance notices affecting its American depositary shares.
Canaan (NASDAQ: CAN) reported unaudited Q1 2026 revenue of US$62.7 million, in line with guidance but down from both Q4 2025 and Q1 2025. The company generated US$42.9 million in product revenue and US$19.1 million in mining revenue, producing 257 BTC.
Canaan recorded a gross loss of US$22.9 million, net loss of US$88.7 million, and non-GAAP adjusted EBITDA loss of US$76.3 million. Crypto treasury reached record levels of 1,807.60 BTC and 3,951.53 ETH, and installed mining power rose to ~11 EH/s. The firm acquired a 49% interest in West Texas ABC Projects (~4.4 EH/s) and advanced its Nordic 8MW hash-to-heat initiative. General and administrative expenses declined 11% QoQ, all-in power cost stayed around US$0.04/kWh, and about US$42 million in customer receivables was collected after quarter-end.
Canaan (NASDAQ: CAN) won a competitive bid to supply hash-to-heat equipment for a Nordic district heating network, using Avalon A1566HA hydro-cooled units totaling about 8 MW of capacity.
The project, including a March 2026 follow-on order, is expected to heat roughly 2,800 homes and supports Canaan’s move into energy-integrated compute infrastructure.
Canaan (NASDAQ: CAN) joined a roundtable at the Bitcoin 2026 conference in Las Vegas titled “Bitcoin's Return to Its Roots: Why Home Mining is Making a Comeback.” The discussion focused on home Bitcoin mining, decentralized computing power, and home energy synergy.
Canaan highlighted its Avalon Home series, including Avalon Nano 3, Mini 3, Nano 3S, and Avalon Q, plus ongoing retail and channel expansion to reach more home-based miners.
Canaan (NASDAQ: CAN) joined a roundtable titled “Bitcoin's Return to Its Roots: Why Home Mining is Making a Comeback” at the Bitcoin 2026 conference in Las Vegas. The session covered decentralized computing power and home energy synergy.
Canaan highlighted its Avalon home mining product line, from early Avalon Nano USB-style miners to newer models that integrate heating and quiet, efficient hashing. The company also noted ongoing retail and channel expansion to broaden access to home mining devices worldwide.
Canaan (NASDAQ: CAN) reported April 2026 bitcoin mining metrics and corporate updates. The company mined 90 BTC from self-mining and received 3 BTC from customers, ending the month with a record 1,826 BTC and 3,952 ETH on its balance sheet.
Month-end non-JV installed hashrate reached 10.97 EH/s, up 34.6% year-over-year, with operating hashrate at 6.86 EH/s. Global non-JV fleet efficiency improved to 23.6 J/TH, and average all-in power cost was US$0.044/kWh. North American JVs contributed 4.82 EH/s installed hashrate and 120 MW power capacity. Canaan also secured a follow-on hash board module order from Tether for next-generation immersion-cooled mining systems.
Canaan (NASDAQ: CAN) will release its first quarter 2026 financial results before the U.S. market opens on May 19, 2026. Management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time / 8:00 P.M. Singapore Time the same day.
Investors must register online in advance to receive dial-in details and a unique PIN, can email questions up to 24 hours before the call, and can access a live and archived webcast via the investor relations website.
Canaan (NASDAQ: CAN) secured a follow-on order from Tether for custom high-density Avalon hash board Modules, developed under a 2025 R&D framework and tested in a POC with ACME Swisstech. The Modules support immersion-cooled mining and compute systems and will deploy to a Tether-affiliated facility in South America. The agreement includes an option for additional future volume and emphasizes modular architecture, system-level integration, and optimized thermal and hash-rate control for large-scale operations.
Canaan (NASDAQ: CAN) filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the SEC on April 15, 2026. The filing is available on the SEC website and the company’s investor relations site.
Shareholders and ADS holders can request a free hard copy by contacting Investor Relations at IR@canaan-creative.com.
Canaan (NASDAQ: CAN) reported its unaudited March 2026 bitcoin mining update, delivering 89 BTC in March and growing its cryptocurrency treasury to a record 1,808 BTC and 3,952 ETH. Global installed power capacity reached 266.3 MW, plus 120 MW from recently acquired West Texas JVs.
The company added over 10 MW in March, reported Non-JV deployed hashrate of 10.97 EH/s and month-end operating hashrate of 6.89 EH/s, and noted North America miner efficiency of 18.7 J/TH and an average all-in power cost of $0.044/kWh.
Canaan (NASDAQ: CAN) will present at the Jefferies Virtual Power x Data Center Conference on March 31, 2026. The presentation is scheduled to begin at 11:00 a.m. ET and Leo Wang, vice president of capital markets and corporate development, will represent the company.
Interested parties should contact their Jefferies representative to obtain a webcast link.