Canaan Inc. Reports Improved Bitcoin Mining Performance for July 2025

Canaan ( (CAN) ) has issued an update.

Canaan Inc. announced a notable improvement in its bitcoin mining performance for July 2025, producing 89 bitcoins due to stronger bitcoin prices and lower power costs. Despite challenges such as weather disruptions and a strategic exit from Kazakhstan, Canaan is relocating miners and expects to enhance operations by August. The company also reported significant corporate developments, including a follow-on order from Cipher Mining and the adoption of a Cryptocurrency Holding Policy, which underscores its strategic focus on Bitcoin as a long-term reserve asset.

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 role in the development of ASIC technology for bitcoin mining, Canaan completed its initial public offering on the Nasdaq Global Market in 2019.

Average Trading Volume: 41,709,255

Technical Sentiment Signal: Strong Sell

Current Market Cap: $199.9M

See more insights into CAN stock on TipRanks’ Stock Analysis page.