Canaan Inc. Renews Its US$30 Million Share Buyback Program
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
Renewal demonstrates confidence in the Company's long-term value and strategic progressSINGAPORE, Dec. 17, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may buy back up to US$30 million worth of its outstanding American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, or Class A ordinary shares, over the next 12 months starting December 12, 2025. This initiative underscores the Company's strong financial position, solid operational performance in the third quarter of 2025, and confidence in its ability to create long-term shareholder value.The Company's previously announced share repurchase program of up to US$30 million over a six-month period, beginning May 27, 2025 (the "Previous Program"), had expired. Under the Previous Program, the Company had repurchased 6,586,413 ADSs fo
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CAN
News
- 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
- Bitcoin mining in China rebounds, defying 2021 ban [BNN Bloomberg (Canada)]BNN Bloomberg
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