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The latest update is out from Canaan ( (CAN) ).
On July 31, 2025, Canaan Inc. announced that its U.S. subsidiary received a purchase order from CleanSpark Inc. to supply additional Avalon A1566I immersion-cooling miners. This order follows an initial purchase in November 2024, and underscores Canaan’s commitment to innovation and supporting CleanSpark’s expansion in the U.S. market. The collaboration highlights Canaan’s strategic focus on the North American market and its dedication to delivering advanced mining solutions, strengthening its position in the evolving bitcoin mining industry.
The most recent analyst rating on (CAN) stock is a Buy with a $3.00 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.
The overall stock score reflects significant financial challenges, including negative profit margins and cash flow issues, which weigh heavily on the assessment. However, the earnings call provided some optimism with strong revenue growth and product performance, partially offsetting the negative financial outlook. Technical indicators show mixed signals, and the valuation remains unattractive due to the negative P/E ratio.
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. Known for its pioneering work in the ASIC field, Canaan shipped the first batch of mining machines incorporating ASIC technology in bitcoin’s history under the brand name Avalon. The company went public on the Nasdaq Global Market in 2019.
Average Trading Volume: 41,115,246
Technical Sentiment Signal: Strong Sell
Current Market Cap: $200.9M
See more data about CAN stock on TipRanks’ Stock Analysis page.
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