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

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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.

Radnor, Pennsylvania--(Newsfile Corp. - May 11, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed 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").Lead Plaintiff Deadline: June 14, 2021Website: https://www.ktmc.com/canaan-inc-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=canaanContact: James Maro, Esq. (484) 270-1453Adrienne Bell,...

SHAREHOLDER ALERT: Kessler Topaz Meltzer & Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against Canaan Inc.

San Francisco, California--(Newsfile Corp. - May 10, 2021) - 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.Class Period: Feb. 10, 2021 - Apr. 9, 2021Lead Plaintiff Deadline: June 14, 2021Visit: www.hbsslaw.com/investor-fraud/CANContact An Attorney Now: CAN@hbsslaw.com844-916-0895Canaan Inc. (NASDAQ: CAN) Securities Fraud Action: The complaint is focused on Canaan's statements about its bit

CAN INVESTOR ALERT: HAGENS BERMAN, National Trial Attorneys, Encourages Canaan (CAN) Investors with Losses to Contact Its Attorneys Now, Securities Class Action Filed and Application Deadline Approaching

RADNOR, Pa., May 8, 2021 /PRNewswire/ -- 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").

Important Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Canaan Inc. Investors of Securities Fraud Class Action Lawsuit

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New York, New York--(Newsfile Corp. - May 5, 2021) - 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...

Rosen, A Global and Leading Law Firm, Encourages Canaan Inc. Investors with Losses to Secure Counsel Before Important Deadline - CAN

Radnor, Pennsylvania--(Newsfile Corp. - May 5, 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...

Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Canaan Inc.

BEIJING, May 5, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced for the closing of a registered direct offering of $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 issued 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 have a term of three years from the date of issuance.

Canaan Announces Closing of Registered Direct Offering of US$170.0 Million of its ADSs and Warrants

New York, New York--(Newsfile Corp. - May 3, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders Canaan Inc. (NASDAQ: CAN).CLICK HERE FOR MORE DETAILS:https://claimyourloss.com/securities/canaan-inc-loss-submission-form-2/?id=15440&from=5Af

CAN LAWSUIT FILED: Jakubowitz Law Pursues Claims on Behalf of Canaan Inc. Shareholders

RADNOR, Pa., May 3, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announces 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").

Important Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Canaan Inc. Investors of Deadline in Securities Fraud Class Action Lawsuit

Canaan stock looks very cheap as a Bitcoin mining equipment maker. CAN stock is worth $16.99, or at least 32% more, based on company forecasts and a 10 times forward P/S multiple.

Buy Cheap Cryptocurrency Miner Canaan Stock Before It Climbs To $17

NEW YORK--(BUSINESS WIRE)-- #CANstock--The suit alleges defendants issued false statements concerning Canaan business and prospects, resulting in its stock trading at inflated prices.

Robbins Geller Rudman & Dowd LLP Announces Lead Plaintiff Deadline in the Canaan Inc. Class Action Lawsuit

Radnor, Pennsylvania--(Newsfile Corp. - May 1, 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...

Kessler Topaz Meltzer & Check, LLP Reminds Canaan Inc. Investors of Important Deadline in Securities Fraud Class Action Lawsuit

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

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

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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.

News for Canaan Inc. Stock (CAN)