The Benchmark Company initiated coverage on Canaan with a new price target
$CAN
Semiconductors
Technology
The Benchmark Company initiated coverage of Canaan with a rating of Buy and set a new price target of $9.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/18/2025 | $1.50 | Market Perform | Northland Capital |
| 5/6/2025 | $3.00 | Buy | The Benchmark Company |
| 3/18/2025 | $2.50 | Buy | Compass Point |
| 9/18/2024 | $2.00 | Buy | B. Riley Securities |
| 9/11/2024 | $3.00 | Buy | Rosenblatt |
| 7/6/2022 | $5.00 | Buy | H.C. Wainwright |
| 6/8/2022 | $9.00 | Buy | The Benchmark Company |
| 4/5/2022 | $15.00 | Buy | DA Davidson |
Total revenues of US$100.2 million exceeded guidance, up 39.5% YoYBitcoin mining revenues reached an all-time high of US$28.1 million, up 201.6% YoYBitcoin treasury[1] climbed to a milestone of 1,511 as of July-end 2025 SINGAPORE, Aug. 14, 2025 /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 June 30, 2025, reporting robust revenue growth, record-high mining output, and a milestone expansion of its bitcoin treasury. Second Quarter 2025 Operating and Financial Highlights The Company posted record unaudited results for the three months ended June 30, 2025, its stronge
SINGAPORE, Aug. 7, 2025 /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 second quarter ended June 30, 2025, before the U.S. market opens on August 14, 2025. The Company's management team will hold a conference call at 8:00 A.M. on August 14, 2025, U.S. Eastern Time (8:00 P.M. on the same day, Singapore Time) to discuss the financial results. Details for the conference call are as follows: Event Title: Canaan Inc. Second Quarter 2025 Earnings Conference Call Registration Link: https://register-conf.media-server.com/register/BIade229735f2e4178a1a9351a4cfdbfa9 All partici
SINGAPORE, Aug. 7, 2025 /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 July 31, 2025. Management Commentary "We're pleased to report quarter-over-quarter improvement in our bitcoin mining performance, with monthly production resulting in 89 bitcoins, driven by a stronger bitcoin price and lower average power costs," said Nangeng Zhang, chairman and chief executive officer of Canaan. "In line with our recently announced Cryptocurrency Holding Policy, we retain bitcoins acquired through our daily operations as a long-term reserve asset. This policy allows us to accumul
Northland Capital initiated coverage of Canaan with a rating of Market Perform and set a new price target of $1.50
The Benchmark Company initiated coverage of Canaan with a rating of Buy and set a new price target of $3.00
Compass Point initiated coverage of Canaan with a rating of Buy and set a new price target of $2.50
U.S. Urology Partners announced today that internationally recognized technology leader Chris Boult has joined the company as Chief Information Officer. U.S. Urology Partners is one of the nation's largest independent providers of urological and related specialty services, including general urology, surgical and robotic procedures, advanced cancer treatment and other ancillary services. Boult will lead information technology strategy and initiatives for the rapidly growing U.S. Urology Partners clinical network which now consists of more than 50 locations throughout the East Coast and Midwest. U.S. Urology Partners partnered with NMS Capital in 2018 to support urology practices in communi
BEIJING, Sept. 13, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has dismissed PricewaterhouseCoopers Zhong Tian LLP ("PwC") as the Company's independent auditor on September 9, 2021 and has approved the appointment of KPMG Huazhen LLP ("KPMG") as the independent auditor of the Company, effective September 13, 2021. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the Audit Committee and the Board of Directors of the Company. The reports of PwC on the Company's consolidated financial statements as of and f
BEIJING, Aug. 2, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the appointment of Mr. James Jin Cheng to the position of Chief Financial Officer, effective immediately. Mr. Tong He will cease to serve as the Company's acting Chief Financial Officer but will maintain his position as the Company's Director of Finance. Mr. Cheng has more than 20 years of experience in financial planning and management. Prior to joining Canaan, Mr. Cheng served as a Vice President for Zhaopin.com, a career platform in China formerly listed on the NYSE, from September 2015 to July 2021. Between September 2013 to
SC 13G/A - Canaan Inc. (0001780652) (Subject)
SC 13G/A - Canaan Inc. (0001780652) (Subject)
SC 13G - Canaan Inc. (0001780652) (Subject)
- Achieves Record-high Bitcoin Mining Computing Power of 3.8EH/s Installed as of February-end 2023 - BEIJING, March 7, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months and twelve months ended December 31, 2022. Fourth Quarter 2022 Operating and Financial Highlights Total computing power sold was 1.9 million Thash/s, representing a decrease of 45.8% from 3.5 million Thash/s in the third quarter of 2022 and a decrease of 75.8% from 7.7 million Thash/s in the same period of 2021. Revenues were RMB391.9 million (US$56.8 million), representing a d
BEIJING, Feb. 23, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2022, before the U.S. market opens on March 7, 2023. The Company's management team will hold a conference call at 8:00 A.M. on March 7, 2023, U.S. Eastern Time (9:00 P.M. on the same day, Beijing Time) to discuss the financial results. Details for the conference call are as follows: Event Title: Canaan Inc. Fourth Quarter and Full Year 2022 Earnings Conference CallRegistration Link: http
BEIJING, Nov. 14, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended September 30, 2022. Third Quarter 2022 Operating and Financial Highlights Total computing power sold was 3.5 million Thash/s, representing a decrease of 37.1% from 5.5 million Thash/s in the second quarter of 2022 and a decrease of 48.5% from 6.7 million Thash/s in the same period of 2021. Revenues were RMB978.2 million (US$137.5 million), representing a decrease of 40.8% from RMB1,652.7 million in the second quarter of 2022 and a decrease of 25.8% from RMB1,317.6 millio