Canaan Inc. Achieves Record Hashrate and Secures Major U.S. Order

An announcement from Canaan ( (CAN) ) is now available.

In September 2025, Canaan Inc. achieved significant milestones in its bitcoin mining operations, including a record deployed hashrate of 9.30 EH/s and a cryptocurrency treasury of 1,582 BTC and 2,830 ETH. The company enhanced its mining efficiency in North America and expanded its renewable-powered mining strategy with a new partnership in Texas. Additionally, Canaan secured its largest order in three years for over 50,000 Avalon A15 Pro miners, highlighting its technological leadership and strengthening its position in the U.S. bitcoin mining market.

The most recent analyst rating on (CAN) stock is a Hold with a $1.75 price target. To see the full list of analyst forecasts on Canaan stock, see the CAN Stock Forecast page.

Spark’s Take on CAN Stock

According to Spark, TipRanks’ AI Analyst, CAN is a Neutral.

Canaan’s overall stock score is primarily impacted by its weak financial performance, characterized by consistent losses and negative cash flows. Despite positive momentum in technical indicators and strong recent earnings performance, the company’s valuation remains unattractive due to a negative P/E ratio and no dividend yield. The earnings call provided some optimism with record revenue and positive EBITDA, but ongoing operational challenges and tariff impacts continue to pose risks.

To see Spark’s full report on CAN stock, click here.

More about Canaan

Canaan Inc., established in 2013, is a technology company specializing in ASIC high-performance computing chip design, research and development, computing equipment production, and software services. The company is renowned for its expertise in chip design and production within the ASIC field and is a prominent player in the crypto mining industry.

Average Trading Volume: 47,942,834

Technical Sentiment Signal: Buy

Current Market Cap: $600.3M

Find detailed analytics on CAN stock on TipRanks’ Stock Analysis page.