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Canaan ( (CAN) ) has issued an announcement.
On October 2, 2025, Canaan Inc. announced a significant purchase order from a U.S.-based bitcoin miner for over 50,000 Avalon A15 Pro mining machines, marking the largest order in the past three years. This milestone underscores Canaan’s technological strength and reinforces its market leadership amid a resurgence in U.S. bitcoin mining. The order highlights the company’s commitment to delivering high-quality, efficient mining infrastructure and strengthening its partnerships in the U.S. market.
The most recent analyst rating on (CAN) stock is a Hold with a $1.00 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, chip research and development, computing equipment production, and software services. The company is known for its expertise in chip design and production in the ASIC field and launched the first batch of mining machines using ASIC technology under the Avalon brand. Canaan went public on the Nasdaq Global Market in 2019.
Average Trading Volume: 43,064,791
Technical Sentiment Signal: Sell
Current Market Cap: $487.8M
For an in-depth examination of CAN stock, go to TipRanks’ Overview page.