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Canaan ( (CAN) ) just unveiled an update.
Canaan Inc. reported a decrease in bitcoin production for June 2025, mining 88 bitcoins due to weather-related disruptions in Texas and electricity restrictions in Ethiopia. Despite these challenges, the company achieved a record high of 1,484 bitcoins in holdings, highlighting its financial resilience and strategic focus on accumulating bitcoin reserves. Canaan is also advancing its North American expansion with new computing power set to be operational by the end of July 2025, and continues to protect shareholder value through a stock repurchase program.
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.
Canaan’s stock score is primarily affected by its weak financial performance and valuation, with ongoing losses and negative cash flows. Technical indicators suggest a mixed outlook, with a bearish trend. Earnings call insights highlight revenue growth but are overshadowed by strategic uncertainties and macroeconomic challenges.
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 crypto mining industry, Canaan launched the first ASIC-based bitcoin mining machines under the Avalon brand. The company went public on the Nasdaq Global Market in 2019.
Average Trading Volume: 28,284,000
Technical Sentiment Signal: Sell
Current Market Cap: $216.8M
See more insights into CAN stock on TipRanks’ Stock Analysis page.