Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
SINGAPORE, Feb. 19, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending January 31, 2025.Management Commentary"In January, we made solid progress across all segments of our business, as we expanded our customer base, announced two Avalon Home consumer products, and advanced our self-mining capacity, leading to an increase in our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan. "Early in the quarter, we announced that we signed a purchase agreement with a strategic U.S. customer for Avalon A15XP miners. Additionally, we expanded our joint mining agreement with Luna Square from 30MW to 36MW and, to date, have energized 1,704 A14 series Avalon miners, with more expected to come online in Texas in the first quarter. Sequentially, we increased the number of bitcoins that we mined, mining 88 bitcoins in January compared with 62
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CAN
News
- Canaan Inc. Renews Its US$30 Million Share Buyback ProgramPR Newswire
- Canaan (NASDAQ:CAN) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $4.00 price target on the stock.MarketBeat
- Canaan Inc. Provides November 2025 Bitcoin Production and Mining Operation UpdatesPR Newswire
- Canaan (NASDAQ:CAN) was upgraded by analysts at BTIG Research to a "strong-buy" rating.MarketBeat
- Canaan (NASDAQ:CAN) is now covered by analysts at BTIG Research. They set a "buy" rating on the stock.MarketBeat
CAN
Earnings
- 11/18/25 - Beat
CAN
Sec Filings
- 12/17/25 - Form 6-K
- 12/12/25 - Form SCHEDULE
- 12/10/25 - Form 6-K
- CAN's page on the SEC website