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The latest announcement is out from Canaan ( (CAN) ).
On February 10, 2026, Canaan Inc. reported unaudited results for the fourth quarter and full year 2025, highlighting a sharp rebound in its crypto mining hardware and mining businesses. Total 2025 revenue nearly doubled year over year to US$529.7 million, driven by record computing power sales of 36.5 EH/s and mining revenue of US$113.2 million, while gross profit swung from a loss in 2024 to US$41.2 million as the company optimized its product mix and bolstered supply chain resilience.
In the fourth quarter of 2025, revenue jumped 121.1% from a year earlier to US$196.3 million, powered by a record 14.6 EH/s of computing power sold and a landmark North American order exceeding 50,000 A15 Pro mining machines, and mining operations generated US$30.4 million on 300 bitcoins despite lower hashprice. Canaan expanded its installed mining hashrate, grew its cryptocurrency treasury to record levels, ended the year with US$81 million in cash, and simplified its capital structure via full preferred-share conversion, moves that strengthen its position as it pivots beyond hardware into energy-compute infrastructure and household and SME-focused products amid ongoing crypto market volatility.
The most recent analyst rating on (CAN) stock is a Hold with a $0.65 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 score is held down primarily by weak financial performance (ongoing losses and negative cash flow) and bearish technicals (downtrend with negative momentum). A strong and optimistic Q3 earnings call with raised guidance provides meaningful support, but valuation signals are limited due to negative earnings and no dividend.
To see Spark’s full report on CAN stock, click here.
More about Canaan
Canaan Inc. is a Singapore-headquartered innovator in crypto mining that designs and sells Bitcoin mining hardware and operates proprietary mining operations, with a growing focus on integrating computing and energy infrastructure and expanding its presence in North America and consumer-oriented product lines.
Average Trading Volume: 22,242,725
Technical Sentiment Signal: Sell
Current Market Cap: $331.3M
For an in-depth examination of CAN stock, go to TipRanks’ Overview page.