Canaan Secures 4.5 MW Mining Server Contract in Japan

An announcement from Canaan ( (CAN) ) is now available.

Canaan Inc. announced on October 30, 2025, a significant 4.5-megawatt sales contract with a Japanese utility to deploy Avalon A1566HA-488T hydro-cooled mining servers. This project aims to enhance grid stability and efficiency in Japan by using Canaan’s advanced smart control chip technology. The initiative highlights Canaan’s strategic positioning at the intersection of AI infrastructure, renewable energy, and blockchain computing, aligning with Japan’s digital-asset reforms and showcasing its commitment to sustainable energy solutions.

The most recent analyst rating on (CAN) stock is a Hold with a $1.50 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 reflects a mix of significant financial challenges and recent operational improvements. The earnings call was a positive highlight, showing record revenue and improved EBITDA, but ongoing losses and valuation concerns weigh on the score. Technical indicators suggest potential for upward movement, but the financial performance remains a critical area for improvement.

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. Known for its pioneering work in ASIC technology, Canaan introduced the first batch of mining machines under the Avalon brand. The company went public on the Nasdaq Global Market in 2019.

Average Trading Volume: 52,499,233

Technical Sentiment Signal: Buy

Current Market Cap: $581.6M

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