CAN Q1 Earnings Call Focuses on Power & Cost Discipline
Canaan's Q1 call highlights West Texas power assets, inventory cleanup and tighter costs as it pivots beyond mining rigs.
CAN - Canaan Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$1.93
DETAILS
HIGH:
$3.00
LOW:
$1.30
MEDIAN:
$1.50
CONSENSUS:
$1.93
UPSIDE:
365.06%
Stock News
Canaan Inc. (CAN) Q1 2026 Earnings Call Transcript
Canaan Inc. (CAN) Q1 2026 Earnings Call Transcript
Canaan (CAN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Canaan (CAN) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Canaan Q1 Earnings Call Highlights
Canaan NASDAQ: CAN said its first-quarter 2026 results reflected a difficult operating environment for bitcoin miners, as lower bitcoin prices, weak hash prices and geopolitical and energy-market uncertainty weighed on demand for mining equipment.
Canaan (CAN) Reports Q1 Loss, Lags Revenue Estimates
Canaan (CAN) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.27 per share a year ago.
Canaan Inc. Reports Unaudited First Quarter 2026 Financial Results
Revenue of US$62.7 million was in line with guidance; cryptocurrency treasury[1] reached a record 1,807.60 BTC and 3,951.53 ETH as of March 31, 2026 Installed mining computing power across 10 joint-mining projects reached approximately 11 EH/s, up 10.7% sequentially; Produced 257 bitcoins in Q1 Strategic energy infrastructure footprint expanded through the acquisition of 49% interest in ABC Projects in West Texas from Cipher Mining and Nordic hash-to-heat deployment SINGAPORE, May 19, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months ended March 31, 2026. First Quarter 2026 Operating and Financial Highlights Metrics Q1 2026 Market-readable takeaways Total revenue US$62.7 million In line with guidance Product revenue US$42.9 million Completed final deliveries under a major U.S. order Mining revenue US$19.1 million Resilient production despite BTC/hashprice volatility BTC produced 257 BTC Continued mining output Crypto treasury 1,807.60 BTC / 3,951.53 ETH Record high treasury Installed mining computing power ~11 EH/s Up 10.7% QoQ All-in power cost ~US$0.04/kWh Competitive mining cost base G&A expense US$15.0 million Down 11% QoQ Subsequent customer cash collections ~US$42 million Liquidity improved after quarter-end ABC Projects 49% interest / ~4.4 EH/s operating hashrate West Texas energy-compute footprint Nordic hash-to-heat Project 8MW planned / 2MW in operation Sustainable compute infrastructure use case Total revenues were US$62.7 million, which was in line with the Company's previous guidance range.
Canaan Inc. Wins Competitive Bid to Provide Hash-to-Heat Equipment to Nordic District Heating Network
High-temperature heat reuse converts compute waste into scalable district heating infrastructure Project provides additional validation of Canaan's expansion into energy-integrated compute infrastructure SINGAPORE, May 19, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has been selected to support a district heating network in the Nordic region. The heating solution, developed in partnership with a leading Nordic heating provider (the "Customer"), utilizes Canaan's advanced Avalon A1566HA series hydro-cooled units with a combined capacity of approximately 8 MW.
Bitcoin Back to Its Roots: Canaan Inc. Joins "The Renaissance of Home Mining" Roundtable at Bitcoin 2026
Bitcoin Back to Its Roots: Canaan Inc. Joins "The Renaissance of Home Mining" Roundtable at Bitcoin 2026 PR Newswire
Bitcoin Back to Its Roots: Canaan Inc. Joins "The Renaissance of Home Mining" Roundtable at Bitcoin 2026
/PRNewswire/ -- At the Bitcoin 2026 conference in Las Vegas, Canaan Inc. (NASDAQ: CAN) was invited to participate in the roundtable discussion titled
Bitcoin Back to Its Roots: Canaan Inc. Joins "The Renaissance of Home Mining" Roundtable at Bitcoin 2026
SINGAPORE, May 19, 2026 /PRNewswire/ -- At the Bitcoin 2026 conference in Las Vegas, Canaan Inc. (NASDAQ: CAN) was invited to participate in the roundtable discussion titled "Bitcoin's Return to Its Roots: Why Home Mining is Making a Comeback." The session explored the intersection of decentralized computing power and home energy synergy.
Canaan Inc. Provides April 2026 Bitcoin Production and Mining Operation Updates
Achieved record high cryptocurrency treasury of 1,826 BTC and 3,952 ETH Installed hashrate grew 34.6% year-over-year to 10.97 EH/s, excluding hashrate from JV SINGAPORE, May 14, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending April 30, 2026. Management Commentary "April marked a constructive reset for Canaan.
Canaan Inc. to Report First Quarter 2026 Financial Results on May 19, 2026
Canaan Inc. to Report First Quarter 2026 Financial Results on May 19, 2026 PR Newswire SINGAPORE, May 12, 2026
Canaan Inc. to Report First Quarter 2026 Financial Results on May 19, 2026
SINGAPORE, May 12, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the first quarter ended March 31, 2026, before the U.S. market opens on May 19, 2026. The Company's management team will hold a conference call at 8:00 A.M.
Canaan Inc. Extends Collaboration with Tether on New Form Factors for Mining and Compute Systems
Canaan has successfully developed customized hash boards for Tether under a pre-agreed R&D framework Modular architecture enables higher compute density, reduced waste, simplified maintenance, and easier upgrade capability SINGAPORE, April 28, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has secured a follow-on order from Tether for high-density mining hash board modules (the "Modules"). These Modules were custom-developed by Canaan to support Tether's next-generation immersion-cooled mining and compute systems.
Canaan Inc. Files 2025 Annual Report on Form 20-F
SINGAPORE, April 15, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission on April 15, 2026. The annual report can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at https://investor.canaan-creative.com/.
Canaan Inc. Provides March 2026 Bitcoin Production and Mining Operation Updates
Expanded North American capacity with over 10 MW added Achieved record high cryptocurrency treasury of 1,808 BTC and 3,952 ETH SINGAPORE, April 15, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending March 31, 2026. Management Commentary "As we expand our role within the broader energy ecosystem, we enhanced our operational foundation in parallel," said Nangeng Zhang, chairman and chief executive officer of Canaan.
Canaan Inc. Sponsored ADR (NASDAQ:CAN) Receives $2.17 Consensus Target Price from Analysts
Canaan Inc. Sponsored ADR (NASDAQ: CAN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the
Canaan Inc. to Present at Jefferies Virtual Power x Data Center Conference
SINGAPORE, March 31, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it will present at the Jefferies Virtual Power x Data Center Conference on March 31, 2026. The Company's presentation will begin at 11:00 a.m.
Canaan Inc. Provides February 2026 Bitcoin Production and Mining Operation Updates
Doubles down on energy strategy with West Texas joint venture SINGAPORE, March 10, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending February 28, 2026. Management Commentary "Our continued strategic execution highlights the importance of integrating energy resources into our strategy as we strengthen our focus on expanding our US footprint and continuing our long-standing track record of operational excellence," said Nangeng Zhang, chairman and chief executive officer of Canaan.
Canaan Inc. Announces Open Market Share Purchases by Chief Executive Officer and Chief Financial Officer
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.
Price Targets
Canaan Inc. (CAN) PT Lowered to $1.30 at Rosenblatt
$1.30
(was $0.42)
Kevin Cassidy
·
Rosenblatt Securities
Canaan price target lowered to $1.50 from $3 at H.C. Wainwright
$1.50
(was $0.56)
Kevin Dede
·
H.C. Wainwright
Canaan initiated with a Buy at BTIG
$3.00
(was $0.93)
BTIG
Canaan Inc. (CAN) PT Raised to $4 at Benchmark
$4.00
(was $1.78)
Mark Palmer
·
Coker Palmer
Canaan price target raised to $1.75 from $1.50 at Northland
$1.75
(was $1.41)
Mike Grondahl
·
Northland Securities
B.Riley Starts Canaan Inc. (CAN) at Buy
$2.00
(was $1.08)
Nick Giles
·
B.Riley Financial