Canaan (CAN) Growth Momentum Strengthens Following 3.0 MW Proof-of-Concept Project Announcement [Yahoo! Finance]
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: Yahoo! Finance
On January 6, 2026, Canaan Inc. (NASDAQ:CAN) announced a 3.0 MW proof-of-concept (PoC) project with Bitforest Investment in Manitoba, Canada. The move is a strategic step to monetize waste heat from crypto mining through agricultural applications. The 24-month pilot will see the company deploy 360 Avalon A1566HA-460T liquid-cooled servers and four cooling modules. Meanwhile, recovered heat will be used to preheat water for greenhouse operations. According to management projections, approximately 90% of the electricity consumed by the computing servers could potentially be captured and reused, with a targeted 95% uptime. The development bolsters the company's growth narrative by helping Canaan Inc. (NASDAQ:CAN) reposition high-density computing as an energy-efficient infrastructure asset rather than a pure bitcoin-mining cost center. The project's highlighted features include a low all-in power cost of $0.035 per kWh, elimination of the need for industrial cooling towers, and potent
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CAN
News
- Canaan Inc. Receives Nasdaq Notification Regarding Minimum Bid RequirementsPR Newswire
- Canaan (NASDAQ:CAN) had its "buy" rating reaffirmed by analysts at BTIG Research.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. Provides December 2025 Bitcoin Production and Mining Operation UpdatesPR Newswire
- Canaan Inc. to Participate and Present at 28th Annual Needham Growth ConferencePR Newswire
CAN
Earnings
- 11/18/25 - Beat
CAN
Sec Filings
- 1/16/26 - Form 6-K
- 1/14/26 - Form 6-K
- 1/6/26 - Form 6-K
- CAN's page on the SEC website