Canaan Inc. Announces Open Market Share Purchases by Chief Executive Officer and Chief Financial Officer
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
SINGAPORE, March 3, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its chairman and chief executive officer, Nangeng Zhang ("Mr. Zhang"), and chief financial officer, Jin "James" Cheng ("Mr. Cheng"), had purchased additional shares of the Company's stock in the open market. The purchases were made in compliance with the Company's internal trading policies and applicable securities regulations.Aligning themselves with shareholder interests, Mr. Zhang and Mr. Cheng together acquired a total of 1,456,547 American Depositary Shares ("ADSs") of the Company at an average price of US$0.51 per ADS, which reflected their continued confidence in the Company's long-term strategy and growth prospects. These purchases were made after Mr. Zhang had filed the most recent Amendment No.6 to Schedule 13G on February 13, 2026. "My recent share purchases reflect my strong conviction in Canaan's long-term vision and the oppor
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CAN
News
- Canaan (NASDAQ:CAN) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $2.25 price target on the stock.MarketBeat
- Canaan Inc. Acquires Cipher Mining's Interest in Multiple Operational Mining Projects Totaling ~4.4 EH/s in West TexasPR Newswire
- Canaan (NASDAQ:CAN) had its price target lowered by analysts at Benchmark Co. from $4.00 to $2.00. They now have a "buy" rating on the stock.MarketBeat
- Canaan (NASDAQ:CAN) had its "buy" rating reaffirmed by analysts at BTIG Research. They now have a $3.00 price target on the stock.MarketBeat
- Canaan (NASDAQ:CAN) had its "buy" rating reaffirmed by analysts at HC Wainwright.MarketBeat
CAN
Earnings
- 2/10/26 - Miss
CAN
Sec Filings
- 3/3/26 - Form 6-K
- 2/25/26 - Form SCHEDULE
- 2/24/26 - Form 6-K
- CAN's page on the SEC website