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Canaan ( (CAN) ) has issued an announcement.
In an unaudited update for December 2025 released on January 14, 2026, Canaan reported that its installed hashrate grew 82% year-on-year and operating hashrate 61%, significantly outpacing the roughly 34% growth in the global Bitcoin network over the same period. The company mined 86 BTC in December, ended 2025 with deployed hashrate of 9.91 EH/s and operating hashrate of 7.65 EH/s, and expanded global installed power capacity to 250.4 MW, while improving average miner efficiency to 24.3 J/TH. Canaan’s crypto treasury reached record levels of 1,750 BTC and 3,951 ETH as of December 31, 2025, reflecting a year-long treasury strategy centered on reinvestment and balance-sheet expansion, including 1,091 BTC mined, 128 BTC purchased, and a major build-up of ETH via conversion of stablecoins from machine sales. These metrics underscore the company’s strengthening position as both an infrastructure operator and digital-asset holder, providing additional financial flexibility and reinforcing its long-term bet on Bitcoin and ETH as strategic assets. The firm also highlighted a renewed US$30 million share repurchase program approved on December 17, 2025, signaling management’s confidence in its valuation, and detailed ongoing global mining projects spanning the Americas, Ethiopia, the Middle East and Malaysia, with an estimated total computing power potential of 10.68 EH/s. Additionally, Canaan announced on January 6, 2026 a 3 MW proof-of-concept in Manitoba, Canada, to recover heat from Avalon computing systems for greenhouse operations, positioning the company at the intersection of crypto mining and energy solutions and supporting its push into energy-efficiency initiatives and practical reuse of computing waste heat.
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 overall stock score is primarily impacted by its financial challenges, including negative profit margins and cash flows. Despite strong recent earnings performance and optimistic guidance, the stock’s valuation remains unattractive due to ongoing losses. Technical indicators suggest potential bearish momentum, further weighing on the score.
To see Spark’s full report on CAN stock, click here.
More about Canaan
Canaan Inc., founded in 2013 and listed on Nasdaq, is a technology company specializing in ASIC high‑performance computing chip design, R&D, production of crypto mining equipment under the Avalon brand, and related software services. The company focuses on the global cryptocurrency mining market and leverages its experience in ASIC design and streamlined manufacturing to supply computing infrastructure for Bitcoin and other digital asset networks.
Average Trading Volume: 35,181,880
Technical Sentiment Signal: Sell
Current Market Cap: $462.8M
Learn more about CAN stock on TipRanks’ Stock Analysis page.