Canaan Inc.

Canaan, Inc. provides computing solutions to solve problems. Currently, the firm is focused on the research and development of technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. It also provides a suite of AI service solutions. The company was founded by Li Jia Xuan, Liu Xiang Fu and Zhang Nan Geng in 2013 and is headquartered in Beijing, China.

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Canaan Inc. surpasses revenue expectations amidst bitcoin industry challenges

Canaan Inc. navigated industry challenges to exceed revenue guidance, focusing on R&D investment and global mining expansion. The company faces tough market conditions but is strategically balancing share buyback and ATM use. Opportunities lie in AI chip development and expanding mining operations in North America.

Canaan Inc. Q1 2023 Sees Revival in Bitcoin Mining Demand

Canaan Inc. Q1 2023 reflects a resilient performance in the bitcoin mining industry, with a focus on innovation, global expansion, and financial stability. Despite ongoing challenges, the company is well-positioned to capitalize on opportunities for revenue growth and market share expansion.

Canaan Inc. reports robust Q2 mining revenue amidst market challenges

Canaan Inc. delivered solid financial performance in Q2 2023, with a focus on mining revenue and strategic growth initiatives. However, challenges from policy changes and market uncertainties warrant a cautious outlook for future revenue. The company remains resilient and adaptable in addressing industry dynamics.

Canaan Inc. reports Q3 revenue beat amidst market challenges

Canaan Inc. navigated a challenging quarter marked by financial losses and operational disruptions, yet demonstrated resilience through product innovation and market expansion efforts.
The company's proactive approach to raising capital and restructuring business segments indicates a strategic focus on long-term growth and sustainability.
While facing uncertainties in the industry, Canaan Inc. remains positioned to capitalize on opportunities for growth through product development and strategic partnerships.

Canaan Inc. surpasses revenue expectations, eyes growth amid market uncertainties

Canaan Inc. delivered strong financial performance in Q4 2023, surpassing revenue expectations and achieving notable sales growth. The company's strategic focus on innovation, partnerships, and operational efficiency positions it well for future growth. While challenges exist, Canaan Inc. is proactively addressing market uncertainties and pursuing growth opportunities.

Canaan Inc. reports Q1 revenue of USD 35 million, eyes growth

Canaan Inc. demonstrated strong revenue generation in Q1 2024 but faced a net loss due to significant operating expenses.
The company's focus on enhancing mining machines and managing costs positions it well for future growth and profitability.
Despite challenges, Canaan's strategic approach to cash management and product development presents opportunities for sustained success in the mining industry.
Investors should monitor Canaan's performance closely as the company aims for continued revenue growth in the upcoming quarters.

Canaan Inc. reports robust Q2 results amidst market challenges

Canaan Inc. reported strong Q2 2024 results with sequential revenue growth, operational improvements, and a positive outlook for future performance
The company's focus on innovation, cost management, and global expansion positions it well to navigate market challenges and capitalize on growth opportunities
Despite market uncertainties and operational challenges, Canaan Inc. remains resilient, adaptive, and poised for continued success in the cryptocurrency mining industry

Canaan Inc. surpasses revenue targets, eyes growth amid Bitcoin market challenges

Canaan Inc. delivered strong financial performance, exceeding revenue targets and showcasing growth potential in the Bitcoin mining market.
The company's focus on innovation, strategic partnerships, and expansion projects positions it well for future market opportunities and growth.
Despite challenges from market volatility, Canaan's financial stability, cash reserves, and Bitcoin holdings reflect confidence in long-term success.
By leveraging opportunities in market demand, energy-efficient regions, and technological advancements, Canaan aims to sustain its competitive edge.

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Canaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. It focuses on the development of green mining. The company was founded by Jia Xuan Li, Xiang Fu Liu and Nan Geng Zhang in 2013 and is headquartered in Singapore.

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Canaan Inc. (NASDAQ: CAN) between February 10, 2021 and April 9, 2021, inclusive (the “Class Period”), of the important June 14, 2021 lead plaintiff deadline. SO WHAT: If you purchased Canaan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To joi

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Canaan Inc. Investors with Losses to Secure Counsel Before Important Deadline – CAN

Marathon Digital Holdings

Riot Blockchain

Shares of several stocks with cryptocurrency exposure such as Marathon Digital Holdings, Inc. (NASDAQ:MARA), Riot Blockchain, Inc. (NASDAQ:RIOT) and Canaan Inc. (NASDAQ:CAN) are trading higher amid an increase in the price of Bitcoin. Bitcoin-related stocks have been extremely volatile recently as the stocks continue to move in sympathy with bitcoin.

Why Bitcoin-Related Stocks Are Trading Higher Again Today

New York, New York--(Newsfile Corp. - April 30, 2021) - Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Canaan Inc. ("Canaan" or "the Company") (NASDAQ: CAN) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Canaan securities between February 10, 2021 and April 9, 2021, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the...

CAN Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Canaan Inc. Investors of Class Action and Encourages Investors to Contact the Firm

The stock price of Canaan Inc. (Nasdaq: CAN) fell 10.45% as it went from a previous close of $14.54 to $13.02 today. This is why it happened.

CAN Stock: From $14.54 To $13.02 Explanation

Radnor, Pennsylvania--(Newsfile Corp. - April 29, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Canaan Inc. (NASDAQ: CAN) ("Canaan") that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021, inclusive (the "Class Period").Investor Deadline Reminder: Investors who purchased or acquired Canaan ADRs during the Class...

CAN EQUITY ALERT: Kessler Topaz Meltzer & Check, LLP Announces that a Securities Fraud Class Action Lawsuit was filed on Behalf of Investors of Canaan Inc.

The company is doing a stock offering to raise cash.

Why Canaan Stock Was Crushed Today

BEIJING, April 29, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of approximately $170.0 million of its American Depositary Shares (“ADS”), each ADS representing 15 Class A ordinary shares of the Company, par value US$0.00000005 per share (the “Class A Ordinary Shares”), or US$12.60 per ADS. The Company has also agreed to issue to the investors warrants (the “Warrants”) to purchase up to an aggregate of 4,047,620 ADSs (representing 60,714,300 Class A Ordinary Shares), at an exercise price of $16.38 per ADS, which Warrants will have a term of three years from the date of issuance. The offering is expected to close on or about May 3, 2021, subject to customary closing conditions.

Canaan Announces Entry into Agreement for Registered Direct Placement of Approximately US$170.0 Million of its ADSs and Warrants

BEIJING, April 28, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has entered into a long-term strategic partnership with Genesis Digital Assets Limited (“Genesis Digital Assets”) and secured a purchase order (the “Order”) from Genesis Digital Assets valued at up to US$93.63 million. As part of the Order, Canaan will deliver its A1246 AvalonMiner mining machines to Genesis Digital Assets throughout 2021, adding 117MW in next-generation Bitcoin computing capacity to Genesis Digital Assets' current capacity of 140MW.

Canaan Announces Order for Bitcoin Mining Machines of up to US$93.63 Million via Long-term Partnership with Genesis Digital Assets

RADNOR, Pa., April 27, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) ("Canaan") on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021 , inclusive (the "Class Period").

Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Canaan Inc. (CAN)

NEW YORK--(BUSINESS WIRE)--Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Canaan Inc. ("Canaan" or "the Company") (NASDAQ: CAN) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Canaan securities between February 10, 2021 and April 9, 2021, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.c

CAN Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Canaan Inc. Shareholders of Class Action and Encourages Investors to Contact the Firm

BlackBerry

Express

The stocks of Canaan Inc. (NASDAQ:CAN), BlackBerry Limited (NYSE:BB), and Express, Inc. (NYSE:EXPR) are all trading below important resistance levels. This could keep a top on their prices.

3 Popular Reddit Stocks With Bearish Charts

NEW YORK, April 26, 2021 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Canaan Inc. (NASDAQ: CAN) between February 10, 2021 and April 9, 2021, inclusive (the "Class Period"), of the important June 14, 2021 lead plaintiff deadline. SO WHAT: If you purchased Canaan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Canaan Inc. Investors with Losses Exceeding $100K to Secure Counsel Before Important Deadline - CAN

Radnor, Pennsylvania--(Newsfile Corp. - April 23, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) ("Canaan") on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021, inclusive (the "Class Period").Investor...

Class Action Alert: Kessler Topaz Meltzer & Check, LLP Reminds CAN Investors for Securities Fraud Class Action Lawsuit

NEW YORK, April 23, 2021 /PRNewswire/ --  Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Canaan, Inc. (NASDAQ: CAN) American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021, inclusive (the "Class Period"). All investors who purchased the ADR's of Canaan, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com  or (800) 575-0735 or (212) 545-4774.

CANAAN, INC. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan, Inc.

Computing solutions provider, Canaan Inc (NASDAQ: CAN), has partnered with Cathay Tri-Tech, Inc to introduce Canaan's AI facial recognition module, which utilized its Kendryte K210 AI chip to the Japanese market. Canaan's international customer base now encompassed the U.S., Japan, South Korea, Germany, Israel, and other countries under the arrangement.

Canaan, Cathay Tri-Tech Partner To Introduce AI Facial Recognition Module In Japan

BEIJING, April 23, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has entered into a partnership (the “Partnership”) with Cathay Tri-Tech., Inc. (“Cathey”) to introduce its AI facial recognition module, which utilizes its Kendryte K210 AI chip, to the Japanese market. Since establishing the partnership, Canaan's international customer base now covers the United States, Japan, South Korea, Germany, Israel, and other countries across the globe.

Canaan Announces Partnership with Cathay to Launch AI Facial Recognition Module and AI Chip in Japan

RADNOR, Pa., April 22, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ:  CAN) ("Canaan") on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021 , inclusive (the "Class Period").

Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Canaan Inc.

BEIJING, April 22, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it entered into a contract to provide 11,760 bitcoin mining machines to Mawson Infrastructure Group Inc. (“Mawson”). Under the contract, Canaan will ship and install its A1246 ASIC AvalonMiners throughout 2021, adding a total of 1.05EH to Mawson's global mining operations.

Canaan Announces Significant Customer Order of 11,760 Bitcoin Mining Machines

Cryptocurrency stocks are recovering today, but Canaan did have some good news to report.

Why Canaan Stock Spiked Higher Today

SAN DIEGO & HANGZHOU, China--(BUSINESS WIRE)---- $CAN #ClassAction--Shareholder rights law firm Robbins LLP announces that a purchaser of Canaan Inc. (NASDAQ: CAN) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities Exchange Act of 1934 between February 10, 2021 and April 9, 2021. Canaan designs, manufactures and sells bitcoin mining machines, primarily in the People's Republic of China. If you suffered a loss due to Canaan Inc.'s misconduct, cli

SHAREHOLDER ALERT: Robbins LLP Announces That Canaan Inc. (CAN) is Being Sued for Misleading Shareholders

LOS ANGELES--(BUSINESS WIRE)---- $CAN #CLASSACTION--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Canaan Inc. (“Canaan” or the “Company”) (NASDAQ: CAN) American Depositary Receipts (“ADRs”) between February 10, 2021 and April 9, 2021, inclusive (the “Class Period”). Canaan investors have until June 14, 2021 to file a lead plaintiff motion. If you suffered a loss o

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Canaan Inc. (CAN) Investors

NEW YORK, April 19, 2021 /PRNewswire/ --Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Canaan Inc. ("Canaan" or the "Company") (NASDAQ: CAN) from February 10, 2021, through April 9, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934.

CAN SHAREHOLDER FILING DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Against Canaan Inc.

Radnor, Pennsylvania--(Newsfile Corp. - April 19, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) ("Canaan") on behalf of those who purchased or acquired Canaan American Depositary Receipts ("ADRs") between February 10, 2021 and April 9, 2021, inclusive (the "Class Period").Investor...

Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Canaan Inc. - CAN

BENSALEM, Pa.--(BUSINESS WIRE)---- $CAN #CLASSACTION--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Canaan Inc. (“Canaan” or the “Company”) (NASDAQ: CAN) American Depositary Receipts (“ADRs”) between February 10, 2021 and April 9, 2021, inclusive (the “Class Period”). Canaan investors have until June 14, 2021 to file a lead plaintiff motion. Investors suffering losses on their Canaan investments are encouraged to contact the Law Offices of Ho

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Canaan Inc. (CAN) Investors

SAN FRANSISCO, April 19, 2021 /PRNewswire/ -- Hagens Berman urges Canaan Inc. (NASDAQ: CAN) investors with significant losses to submit your losses now. A securities class action has been filed and certain investors may have valuable claims.

News for Canaan Inc. Stock (CAN)