Canaan Partners with Luxor to Boost Institutional Miner Financing

Canaan ( (CAN) ) just unveiled an update.

On September 8, 2025, Canaan Inc. announced a partnership with Luxor Technology Corporation to enhance institutional miner financing, facilitating the sale of over 5,000 Avalon A15 Pro bitcoin miners in August to a major U.S.-based institutional miner. This collaboration aims to provide flexible, non-dilutive financing solutions, potentially boosting institutional adoption and capital deployment. The partnership aligns with Canaan’s strategy of leveraging its vertical integration and expanding the reach of its Avalon A15 Pro series, which is designed for high efficiency and performance, to support the long-term growth of Bitcoin as a premier asset class.

The most recent analyst rating on (CAN) stock is a Hold with a $0.50 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 poor financial performance, characterized by consistent losses and negative cash flows. While the earnings call showed some positive developments, such as revenue growth and improved EBITDA, the ongoing operational inefficiencies and valuation concerns weigh heavily on the stock’s attractiveness.

To see Spark’s full report on CAN stock, click here.

More about Canaan

Canaan Inc., established in 2013 and listed on NASDAQ, is a technology company specializing in ASIC high-performance computing chip design, research and development, computing equipment production, and software services. Known for its Avalon brand, Canaan was a pioneer in integrating ASIC technology into mining machines.

Average Trading Volume: 39,023,668

Technical Sentiment Signal: Sell

Current Market Cap: $331.1M

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