Canaan Inc. Closes US$72 Million Registered Direct Offering with Brevan Howard, Galaxy Digital, and Weiss Asset Management
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
SINGAPORE, Nov. 7, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced the closing of the registered direct offering with institutional investors that the Company announced on November 4, 2025. The offering totaled US$72 million of the Company's American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, at a price of US$1.131 per ADS. About Canaan Inc. Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology under the bra
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CAN
News
- Bitcoin mining in China rebounds, defying 2021 ban [BNN Bloomberg (Canada)]BNN Bloomberg
- Canaan (NASDAQ:CAN) had its price target lowered by analysts at B. Riley from $3.00 to $2.50. They now have a "buy" rating on the stock.MarketBeat
- 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. (CAN) Q3 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Canaan Inc (CAN) Q3 2025 Earnings Call Highlights: Record Revenue and Mining Milestones Amid ... [Yahoo! Finance]Yahoo! Finance
CAN
Earnings
- 11/18/25 - Beat
CAN
Sec Filings
- 11/18/25 - Form 6-K
- 11/12/25 - Form 6-K
- 11/7/25 - Form 6-K
- CAN's page on the SEC website