Welcome to our dedicated page for Canaan SEC filings (Ticker: CAN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Canaan Inc.’s SEC filings document a foreign private issuer whose business centers on ASIC chip design, Avalon mining equipment, computing hardware, software services, and bitcoin mining operations. Its Form 20-F annual reports and Form 6-K current reports disclose operating results, mining production metrics, cryptocurrency treasury balances, power capacity, fleet efficiency, customer and R&D collaborations, and risk-related business updates.
The filings also record ADS and Class A ordinary share matters, registration-statement incorporation, open-market management purchases, share repurchase activity, beneficial ownership references, and material transactions such as Canaan’s completed acquisition of interests in the Alborz, Bear and Chief Mountain mining projects. Other current reports address Nasdaq minimum bid-price notifications and foreign-issuer governance and reporting obligations.
Canaan Inc. Chief Executive Officer Zhang Nangeng reported open-market purchases of American Depositary Shares (ADS). He bought 250,000 ADS on June 17, 2026 at $0.34 per ADS and another 250,000 ADS on June 18, 2026 at $0.33 per ADS, for a total of 500,000 ADS. Following these transactions, he directly holds 3,301,635 ADS. Each ADS is convertible at any time into 15 Class A ordinary shares, and the ADS have no expiration date.
Canaan Inc.’s Chief Executive Officer Zhang Nangeng reported notable insider buying of the company’s American Depositary Shares (ADS). He made two open-market purchases of 250,000 ADS each at $0.35 per ADS on June 15 and June 16, totaling 500,000 ADS. Following these transactions, his direct holdings increased to 2,801,635 ADS. Each ADS is convertible at any time, at the holder’s election, into 15 Class A ordinary shares of Canaan, and the ADS have no expiration date.
Canaan Inc. Chief Financial Officer Cheng Jin reported an open-market purchase of 65,000 American Depositary Shares at $0.35 per share on June 15, 2026. Following this transaction, his direct holdings total 1,080,008 ADS. Each ADS is convertible into 15 Class A ordinary shares with no expiration date.
Canaan Inc. filed Post-Effective Amendment No. 6 to its Form F-3 registration statement (Registration No. 333-285125) on June 16, 2026. The amendment is an exhibits-only filing to correct typographical errors in the consent of KPMG Huazhen LLP attached as Exhibit 23.1 to Amendment No. 5; no new securities were registered.
Canaan Inc. filed Post-Effective Amendment No. 5 to its Form F-3 registration statement (Registration No. 333-285125) as an exhibits-only filing dated June 15, 2026. The amendment files an updated auditor consent as Exhibit 23.1 and states no additional securities are being registered. The registration permits offers from time to time after the effective date. The filing also restates indemnification provisions for directors and officers and confirms previously filed registration fees have been paid.
Canaan Inc. reported its unaudited bitcoin mining update for May 2026, showing continued growth in production efficiency and digital asset holdings. Self-mining generated 90 BTC, with another 24 BTC from customer payments, lifting the company’s treasury to 1,867 BTC and 3,952 ETH at month-end. After a planned hosting agreement expiration, Canaan ended May with 10.05 EH/s of installed and 6.47 EH/s of operating non-joint-venture hashrate. Its North American self-mining fleet reached record efficiency of 17.9 J/TH, about 11% better year over year, while global average efficiency improved to 23.7 J/TH, a 13.5% YoY gain. Joint venture operations produced roughly 45 BTC, nearly matching April despite wildfire-related disruption at the Alborz site, where restoration is underway. Beyond mining, Canaan highlighted an 8 MW hash-to-heat project in the Nordic region and a follow-on order from Tether for high-density hash board modules, underscoring efforts to expand into energy-efficient heating and next-generation compute systems.
Invesco Ltd. reports beneficial ownership of 632,656,650 American Depository Receipts, representing 15.0% of Canaan Inc. Invesco Ltd. states these shares are held of record by clients and that it may be deemed to beneficially own them in its capacity as a parent holding company to its investment advisers. The filing names Invesco Capital Management LLC as the subsidiary involved and discloses that the Invesco CoinShares Global Blockchain UCITS ETF holds 10.02% of the class. The filing is signed by the Global Head of Compliance on 06/05/2026.
Canaan Inc. has filed a post-effective amendment to register an at-the-market shelf of securities permitting the offer and sale of up to $270,000,000 of Class A ordinary shares, preferred shares, warrants, debt securities, subscription rights, units and/or ADSs. Each ADS represents 15 Class A ordinary shares.
The prospectus states ADSs trade on NASDAQ under the symbol CAN and cites a last reported sale price of $0.44 per ADS on May 20, 2026. The filing discloses share counts “As of the date of this prospectus”: 11,237,922,873 Class A ordinary shares and 311,624,444 Class B ordinary shares issued and outstanding. The prospectus also highlights risks under the Holding Foreign Companies Accountable Act and PCAOB inspection access for auditors located in mainland China and Hong Kong.
Canaan Inc. reported a weak first quarter of 2026, with total revenue of US$62.7 million, sharply lower than US$196.3 million in the prior quarter and US$82.8 million a year earlier, though in line with guidance. Product revenue fell to US$42.9 million and mining revenue to US$19.1 million as lower bitcoin prices and softer demand reduced computing power sales.
Cost of revenues rose to US$85.6 million, including US$24.5 million of inventory and prepayment write-downs, driving a gross loss of US$22.9 million and an operating loss of US$54.3 million. Net loss widened to US$88.7 million and non-GAAP adjusted EBITDA loss to US$76.3 million.
The company continued to build its mining and energy footprint, producing 257 bitcoins, reaching about 11 EH/s of installed joint-mining power, and holding 1,871.0 bitcoins as of March 31, 2026. It acquired Cipher Mining’s 49% interest in ABC Projects in West Texas (~4.4 EH/s) via equity issuance and advanced an 8 MW Nordic hash-to-heat project. Cash stood at US$43.5 million with about US$42 million of customer collections received in April. Canaan guided Q2 2026 revenue to US$35–45 million.
Canaan Inc. reported a weak first quarter of 2026, with total revenue of US$62.7 million, sharply lower than US$196.3 million in the prior quarter and US$82.8 million a year earlier, though in line with guidance. Product revenue fell to US$42.9 million and mining revenue to US$19.1 million as lower bitcoin prices and softer demand reduced computing power sales.
Cost of revenues rose to US$85.6 million, including US$24.5 million of inventory and prepayment write-downs, driving a gross loss of US$22.9 million and an operating loss of US$54.3 million. Net loss widened to US$88.7 million and non-GAAP adjusted EBITDA loss to US$76.3 million.
The company continued to build its mining and energy footprint, producing 257 bitcoins, reaching about 11 EH/s of installed joint-mining power, and holding 1,871.0 bitcoins as of March 31, 2026. It acquired Cipher Mining’s 49% interest in ABC Projects in West Texas (~4.4 EH/s) via equity issuance and advanced an 8 MW Nordic hash-to-heat project. Cash stood at US$43.5 million with about US$42 million of customer collections received in April. Canaan guided Q2 2026 revenue to US$35–45 million.
Canaan Inc. reported a weak first quarter of 2026, with total revenue of US$62.7 million, sharply lower than US$196.3 million in the prior quarter and US$82.8 million a year earlier, though in line with guidance. Product revenue fell to US$42.9 million and mining revenue to US$19.1 million as lower bitcoin prices and softer demand reduced computing power sales.
Cost of revenues rose to US$85.6 million, including US$24.5 million of inventory and prepayment write-downs, driving a gross loss of US$22.9 million and an operating loss of US$54.3 million. Net loss widened to US$88.7 million and non-GAAP adjusted EBITDA loss to US$76.3 million.
The company continued to build its mining and energy footprint, producing 257 bitcoins, reaching about 11 EH/s of installed joint-mining power, and holding 1,871.0 bitcoins as of March 31, 2026. It acquired Cipher Mining’s 49% interest in ABC Projects in West Texas (~4.4 EH/s) via equity issuance and advanced an 8 MW Nordic hash-to-heat project. Cash stood at US$43.5 million with about US$42 million of customer collections received in April. Canaan guided Q2 2026 revenue to US$35–45 million.