Canaan Inc. Secures $72 Million in Direct Offering

Canaan ( (CAN) ) has issued an update.

On November 7, 2025, Canaan Inc. announced the successful closing of a US$72 million registered direct offering with institutional investors including Brevan Howard, Galaxy Digital, and Weiss Asset Management. This offering, initially announced on November 4, 2025, involves the sale of American depositary shares, each representing 15 Class A ordinary shares, at a price of US$1.131 per ADS. This capital infusion is expected to enhance Canaan’s operational capabilities and strengthen its market position in the crypto mining industry.

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 reflects significant financial challenges, including consistent losses and negative cash flows, which weigh heavily on the score. While the earnings call provided some optimism with record revenue and improved EBITDA, ongoing operating losses and valuation concerns persist. Technical indicators suggest mixed signals, with potential for upward momentum. The absence of corporate events and a negative P/E ratio further impact the score.

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 pioneering work in crypto mining technology, having introduced the first ASIC-powered mining machines under the Avalon brand. Canaan went public on the Nasdaq Global Market in 2019.

Average Trading Volume: 53,144,698

Technical Sentiment Signal: Buy

Current Market Cap: $605M

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