Canaan Key Executives
This section highlights Canaan's key executives, including their titles and compensation details.
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Canaan Earnings
This section highlights Canaan's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q3 | 2024 | 2024-11-20 | $-0.05 | $-0.27 |
| Read Transcript | Q2 | 2024 | 2024-08-15 | $-0.30 | $-0.15 |
| Read Transcript | Q1 | 2024 | 2024-05-17 | $-0.60 | $-0.16 |
| Read Transcript | Q4 | 2023 | 2024-02-27 | $-0.30 | $-0.30 |
| Read Transcript | Q3 | 2023 | 2023-11-28 | $-0.30 | $-0.41 |
| Read Transcript | Q2 | 2023 | 2023-08-29 | $-0.15 | $-0.58 |
| Read Transcript | Q1 | 2023 | 2023-05-26 | $-0.15 | $-0.43 |
Canaan Inc. engages in the research, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of artificial intelligence products, as well as mining business. The company has operations in the United States, Australia, Kazakhstan, Canada, Indonesia, Mainland China, Malaysia, Thailand, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.
$0.96
Stock Price
$262.41M
Market Cap
445
Employees
Singapore, None
Location
Financial Statements
Access annual & quarterly financial statements for Canaan, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $211.48M | $656.32M | $771.14M | $68.58M | $1.42B |
| Cost of Revenue | $452.26M | $424.34M | $330.31M | $62.80M | $1.94B |
| Gross Profit | $-240.78M | $231.98M | $440.83M | $5.79M | $-516.00M |
| Gross Profit Ratio | -113.90% | 35.35% | 57.20% | 8.44% | -36.27% |
| Research and Development Expenses | $64.84M | $82.36M | $52.06M | $21.45M | $168.98M |
| General and Administrative Expenses | $71.25M | $88.73M | $90.87M | $20.09M | $347.03M |
| Selling and Marketing Expenses | $8.18M | $9.48M | $15.52M | $3.06M | $21.92M |
| Selling General and Administrative Expenses | $79.42M | $98.43M | $106.39M | $23.22M | $369.55M |
| Other Expenses | $25.83M | $- | $- | $- | $- |
| Operating Expenses | $170.10M | $145.39M | $125.82M | $39.56M | $505.38M |
| Cost and Expenses | $622.36M | $569.72M | $456.13M | $102.36M | $2.44B |
| Interest Income | $956.00K | $2.39M | $1.17M | $828.76K | $13.13M |
| Interest Expense | $- | $- | $- | $549.03K | $2.86M |
| Depreciation and Amortization | $59.64M | $33.94M | $2.18M | $4.79M | $34.16M |
| EBITDA | $-330.11M | $84.51M | $285.16M | $-34.11M | $-1.02B |
| EBITDA Ratio | -156.10% | 11.76% | 36.90% | -49.73% | -71.64% |
| Operating Income | $-410.88M | $43.25M | $282.38M | $-38.89M | $-1.05B |
| Operating Income Ratio | -194.29% | 6.59% | 36.62% | -56.71% | -74.04% |
| Total Other Income Expenses Net | $-54.61M | $46.05M | $33.81M | $5.94M | $904.71M |
| Income Before Tax | $-465.49M | $88.98M | $316.19M | $-32.95M | $-1.03B |
| Income Before Tax Ratio | -220.12% | 13.56% | 41.00% | -48.05% | -72.72% |
| Income Tax Expense | $-51.34M | $18.59M | $7.75M | $- | $- |
| Net Income | $-414.15M | $70.40M | $308.44M | $-32.95M | $-1.03B |
| Net Income Ratio | -195.84% | 10.73% | 40.00% | -48.05% | -72.72% |
| EPS | $-0.16 | $0.03 | $0.12 | $-0.01 | $-0.07 |
| EPS Diluted | $-0.16 | $0.03 | $0.12 | $-0.01 | $-0.07 |
| Weighted Average Shares Outstanding | 2.58B | 2.58B | 2.58B | 2.35B | 2.15B |
| Weighted Average Shares Outstanding Diluted | 2.58B | 2.58B | 2.58B | 2.35B | 2.15B |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $73.61M | $71.86M | $35.03M | $104.53M | $33.30M | $18.65M | $55.16M | $74.01M | $136.92M | $246.59M | $201.35M | $343.03M | $204.16M | $167.27M | $61.35M | $5.86M | $23.99M | $25.23M | $9.63M | $463.25M |
| Cost of Revenue | $95.12M | $90.99M | $72.30M | $206.36M | $102.34M | $41.21M | $102.65M | $131.04M | $106.22M | $107.87M | $78.15M | $109.54M | $89.12M | $101.22M | $31.77M | $4.47M | $26.49M | $19.10M | $9.29M | $1.14B |
| Gross Profit | $-21.51M | $-19.13M | $-37.26M | $-101.83M | $-69.05M | $-22.56M | $-47.49M | $-57.04M | $30.70M | $138.72M | $123.21M | $233.49M | $115.04M | $66.05M | $29.58M | $1.39M | $-2.50M | $6.13M | $336.80K | $-673.43M |
| Gross Profit Ratio | -29.20% | -26.60% | -106.40% | -97.40% | -207.40% | -121.00% | -86.10% | -77.10% | 22.40% | 56.30% | 61.20% | 68.10% | 56.30% | 39.50% | 48.20% | 23.77% | -10.42% | 24.30% | 3.50% | -145.37% |
| Research and Development Expenses | $14.76M | $14.65M | $15.32M | $29.90M | $17.14M | $1.20M | $19.03M | $35.16M | $16.53M | $15.51M | $15.14M | $17.59M | $15.29M | $9.89M | $8.86M | $6.14M | $4.73M | $3.69M | $5.89M | $63.61M |
| General and Administrative Expenses | $12.39M | $10.45M | $14.28M | $22.60M | $21.90M | $8.80M | $17.56M | $27.66M | $19.92M | $21.70M | $19.78M | $20.50M | $22.13M | $26.58M | $21.85M | $5.11M | $5.97M | $4.19M | $3.89M | $56.29M |
| Selling and Marketing Expenses | $1.72M | $1.58M | $1.07M | $3.25M | $2.49M | $953.40K | $1.48M | $1.40M | $1.99M | $3.15M | $2.98M | $4.82M | $5.84M | $3.99M | $959.26K | $941.66K | $468.06K | $923.42K | $582.76K | $7.68M |
| Selling General and Administrative Expenses | $14.11M | $12.02M | $15.35M | $26.27M | $24.39M | $9.76M | $19.04M | $29.28M | $21.92M | $24.85M | $22.76M | $25.39M | $27.96M | $30.56M | $22.80M | $6.13M | $6.44M | $5.11M | $4.47M | $64.13M |
| Other Expenses | $6.46M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $35.33M | $26.67M | $1.47M | $148.20M | $31.50M | $6.68M | $39.55M | $59.33M | $25.67M | $23.16M | $37.82M | $38.15M | $29.09M | $28.43M | $29.46M | $12.58M | $10.43M | $8.68M | $6.21M | $125.36M |
| Cost and Expenses | $130.45M | $117.66M | $73.76M | $354.56M | $133.84M | $47.90M | $142.20M | $190.37M | $131.89M | $131.03M | $115.97M | $147.69M | $118.21M | $129.66M | $61.22M | $17.04M | $36.92M | $27.78M | $15.50M | $1.26B |
| Interest Income | $158.00K | $66.00K | $204.65K | $670.44K | $60.96K | $214.31K | $439.46K | $1.18M | $412.63K | $309.75K | $482.00K | $355.35K | $447.17K | $317.76K | $58.34K | $148.59K | $214.97K | $180.86K | $240.04K | $577.00K |
| Interest Expense | $247.00K | $14.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.32K | $35.09K | $15.00K | $114.99K | $214.21K | $166.66K | $246.96K |
| Depreciation and Amortization | $-25.20M | $5.65M | $14.88M | $14.94M | $7.75M | $7.82M | $8.23M | $12.75M | $6.77M | $526.96K | $555.91K | $1.17M | $344.80K | $1.21M | $1.19M | $1.20M | $1.26M | $1.21M | $1.20M | $12.82M |
| EBITDA | $-82.04M | $-38.13M | $-53.05M | $-72.00M | $-100.55M | $-116.12M | $-77.43M | $-82.54M | $-8.83M | $97.45M | $85.48M | $226.63M | $72.13M | $37.99M | $219.39K | $-9.68M | $-12.41M | $-1.47M | $-5.55M | $-787.44M |
| EBITDA Ratio | -111.46% | -53.06% | -151.42% | -137.00% | -315.40% | -137.64% | -140.18% | -157.62% | -0.71% | 40.10% | 42.61% | 55.88% | 35.33% | 16.02% | -1.45% | -165.22% | -51.71% | -5.82% | -91.67% | -169.98% |
| Operating Income | $-56.84M | $-45.80M | $-67.93M | $-158.15M | $-112.77M | $-33.48M | $-85.56M | $-129.41M | $-7.74M | $98.37M | $85.25M | $190.51M | $71.78M | $25.59M | $-2.08M | $-10.88M | $-13.66M | $-2.68M | $-10.03M | $-800.26M |
| Operating Income Ratio | -77.23% | -63.74% | -193.91% | -151.29% | -338.68% | -179.56% | -155.10% | -174.86% | -5.66% | 39.89% | 42.34% | 55.54% | 35.16% | 15.30% | -3.39% | -185.64% | -56.95% | -10.61% | -104.18% | -172.75% |
| Total Other Income Expenses Net | $-25.44M | $2.01M | $29.45M | $-3.97M | $12.30M | $2.98M | $-1.04M | $45.93M | $18.98M | $16.67M | $560.00K | $6.52M | $7.60M | $12.34M | $2.27M | $10.74M | $951.86K | $317.30K | $4.40M | $685.63M |
| Income Before Tax | $-82.29M | $-43.79M | $-38.53M | $-249.36M | $-100.48M | $-29.46M | $-86.60M | $-115.18M | $5.44M | $115.87M | $85.86M | $195.70M | $86.39M | $37.93M | $184.75K | $-11.04M | $-12.71M | $-2.37M | $-5.63M | $-798.21M |
| Income Before Tax Ratio | -111.79% | -60.94% | -109.97% | -238.55% | -301.77% | -157.98% | -156.99% | -155.63% | 3.98% | 46.99% | 42.64% | 57.05% | 42.32% | 22.68% | 0.30% | -188.39% | -52.98% | -9.38% | -58.51% | -172.31% |
| Income Tax Expense | $-6.71M | $-1.91M | $800.64K | $25.50M | $20.43M | $3.12M | $2.34M | $25.42M | $1.00M | $25.02M | $20.91M | $7.81M | $310 | $52.11K | $1.37K | $14.71K | $3.53K | $10.20K | $- | $- |
| Net Income | $-75.58M | $-41.88M | $-39.33M | $-223.86M | $-80.05M | $-26.34M | $-84.26M | $-89.76M | $6.45M | $90.85M | $64.96M | $187.89M | $86.39M | $37.88M | $183.38K | $-11.02M | $-12.71M | $-2.38M | $-5.63M | $-798.21M |
| Net Income Ratio | -102.68% | -58.28% | -112.26% | -214.16% | -240.41% | -141.25% | -152.75% | -121.28% | 4.71% | 36.84% | 32.26% | 54.77% | 42.32% | 22.64% | 0.30% | -188.14% | -53.00% | -9.42% | -58.51% | -172.31% |
| EPS | $-0.02 | $-0.01 | $-0.01 | $-0.08 | $-0.03 | $-0.04 | $-0.03 | $-0.04 | $0.00 | $0.04 | $0.03 | $0.07 | $0.03 | $0.02 | $0.00 | $0.00 | $-0.01 | $0.00 | $0.00 | $-0.05 |
| EPS Diluted | $-0.02 | $-0.01 | $-0.01 | $-0.08 | $-0.03 | $-0.04 | $-0.03 | $-0.04 | $0.00 | $0.04 | $0.03 | $0.07 | $0.03 | $0.01 | $0.00 | $0.00 | $-0.01 | $0.00 | $0.00 | $-0.05 |
| Weighted Average Shares Outstanding | 4.16B | 4.12B | 3.72B | 2.71B | 2.56B | 2.54B | 2.50B | 2.51B | 2.58B | 2.59B | 2.58B | 2.63B | 2.61B | 2.62B | 2.41B | 2.33B | 2.35B | 2.35B | 2.35B | 2.24B |
| Weighted Average Shares Outstanding Diluted | 4.16B | 4.12B | 3.72B | 2.71B | 2.56B | 2.54B | 2.50B | 2.51B | 2.58B | 2.59B | 2.58B | 2.64B | 2.61B | 2.62B | 2.42B | 2.33B | 2.35B | 2.35B | 2.35B | 2.24B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $96.15M | $102.30M | $421.67M | $59.94M | $516.61M |
| Short Term Investments | $- | $3.35M | $- | $9.56M | $11.01M |
| Cash and Short Term Investments | $96.15M | $105.65M | $421.67M | $69.50M | $527.61M |
| Net Receivables | $58.40M | $- | $57.77K | $15.39M | $2.87M |
| Inventory | $142.29M | $213.20M | $127.61M | $34.55M | $196.07M |
| Other Current Assets | $66.84M | $239.19M | $281.49M | $34.98M | $-592.09M |
| Total Current Assets | $363.68M | $559.80M | $828.38M | $154.29M | $940.81M |
| Property Plant Equipment Net | $31.16M | $90.26M | $34.01M | $4.08M | $45.37M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $7.55M | $- | $- | $- | $- |
| Long Term Investments | $2.82M | $2.89M | $3.14M | $3.83K | $- |
| Tax Assets | $66.81M | $- | $- | $- | $- |
| Other Non-Current Assets | $36.37M | $37.05M | $19.21M | $387.57K | $5.25M |
| Total Non-Current Assets | $137.16M | $130.20M | $56.36M | $4.47M | $50.62M |
| Other Assets | $-7.55M | $- | $- | $- | $- |
| Total Assets | $493.30M | $690.00M | $884.74M | $158.76M | $991.43M |
| Account Payables | $6.25M | $16.70M | $22.50M | $5.73M | $14.16M |
| Short Term Debt | $1.22M | $2.31M | $2.32M | $9.39M | $19.61M |
| Tax Payables | $11.98M | $- | $- | $- | $- |
| Deferred Revenue | $19.61M | $- | $- | $- | $- |
| Other Current Liabilities | $96.14M | $56.24M | $302.33M | $75.65M | $7.20M |
| Total Current Liabilities | $135.19M | $75.81M | $327.54M | $90.76M | $285.23M |
| Long Term Debt | $210.00K | $1.44M | $2.56M | $1.02M | $13.40B |
| Deferred Revenue Non-Current | $9.19M | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $516.00K | $598.00K | $11.37M | $719.70K | $-13.39B |
| Total Non-Current Liabilities | $9.92M | $2.05M | $13.90M | $1.74M | $13.40M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $145.11M | $77.86M | $341.44M | $92.50M | $298.63M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $157 | $153 | $1.00K |
| Retained Earnings | $-219.63M | $210.95M | $141.50M | $-168.26M | $-883.27M |
| Accumulated Other Comprehensive Income Loss | $-28.99M | $-37.18M | $-16.01M | $-12.22M | $-55.54M |
| Other Total Stockholders Equity | $596.80M | $435.17M | $432.69M | $261.50M | $1.04B |
| Total Stockholders Equity | $348.19M | $612.13M | $543.31M | $66.26M | $692.79M |
| Total Equity | $348.19M | $612.13M | $543.31M | $66.26M | $692.79M |
| Total Liabilities and Stockholders Equity | $493.30M | $690.00M | $884.74M | $158.76M | $991.43M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $493.30M | $690.00M | $884.74M | $158.76M | $991.43M |
| Total Investments | $2.82M | $6.25M | $3.14M | $9.56M | $11.01M |
| Total Debt | $1.43M | $1.45M | $2.56M | $5.83M | $113.30M |
| Net Debt | $-94.73M | $-100.85M | $-419.11M | $-54.11M | $-403.31M |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $71.78M | $66.79M | $54.65M | $96.36M | $40.55M | $66.24M | $71.88M | $102.30M | $280.31M | $394.01M | $416.05M | $421.51M | $263.17M | $188.68M | $203.76M | $59.94M | $26.10M | $22.24M | $37.30M | $516.61M |
| Short Term Investments | $- | $3.34M | $- | $3.75M | $- | $- | $- | $3.35M | $- | $- | $- | $- | $- | $- | $1.29M | $9.56M | $30.10M | $49.22M | $24.46M | $11.01M |
| Cash and Short Term Investments | $71.78M | $66.79M | $54.65M | $100.12M | $40.55M | $66.24M | $71.88M | $105.65M | $280.31M | $394.01M | $416.05M | $421.51M | $263.17M | $188.68M | $205.06M | $69.50M | $56.20M | $71.46M | $61.75M | $527.61M |
| Net Receivables | $9.64M | $8.16M | $1.64M | $3.00M | $9.78M | $10.10M | $- | $- | $- | $- | $158 | $57.75K | $127.63K | $57.54K | $1.07M | $15.39M | $50.98K | $1.43M | $955.23K | $2.87M |
| Inventory | $87.80M | $131.30M | $98.98M | $142.59M | $216.99M | $272.54M | $310.07M | $213.20M | $186.00M | $242.65M | $187.83M | $127.56M | $129.10M | $90.78M | $57.29M | $34.55M | $7.84M | $12.48M | $31.96M | $196.07M |
| Other Current Assets | $138.27M | $129.75M | $330.87M | $168.52M | $163.49M | $166.90M | $138.33M | $239.19M | $236.99M | $211.98M | $304.33M | $281.17M | $204.02M | $219.69M | $91.44M | $34.98M | $36.97M | $25.92M | $36.98M | $-592.09M |
| Total Current Assets | $307.49M | $335.99M | $320.42M | $364.47M | $349.00M | $432.46M | $520.11M | $559.80M | $703.31M | $848.58M | $908.87M | $828.07M | $595.35M | $499.06M | $354.01M | $154.29M | $100.99M | $110.94M | $131.41M | $940.81M |
| Property Plant Equipment Net | $43.52M | $45.99M | $51.21M | $31.22M | $36.28M | $53.46M | $72.31M | $90.26M | $49.74M | $53.30M | $53.61M | $33.99M | $8.88M | $7.20M | $5.30M | $4.08M | $4.92M | $17.47M | $5.67M | $45.37M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $954.00K | $1.01M | $1.06M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $954.00K | $1.01M | $1.06M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $2.85M | $40.00M | $2.81M | $2.83M | $2.78M | $2.77M | $2.91M | $2.89M | $2.80M | $2.98M | $3.15M | $3.14M | $3.10M | $- | $3.81K | $3.83K | $367.85K | $- | $- | $- |
| Tax Assets | $76.09M | $69.42M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $71.23M | $33.14M | $157.71M | $95.84M | $75.76M | $50.55M | $37.59M | $37.05M | $25.39M | $19.44M | $18.23M | $19.21M | $1.35M | $559.29K | $385.35K | $387.57K | $370.80K | $315.83K | $314.51K | $5.25M |
| Total Non-Current Assets | $194.64M | $189.55M | $212.79M | $129.90M | $114.82M | $106.78M | $112.80M | $130.20M | $77.93M | $75.72M | $74.99M | $56.34M | $13.34M | $7.76M | $5.69M | $4.47M | $5.66M | $17.78M | $5.98M | $50.62M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $502.14M | $525.54M | $533.21M | $494.36M | $463.82M | $539.24M | $632.92M | $690.00M | $781.23M | $924.30M | $983.86M | $884.41M | $608.68M | $506.82M | $359.69M | $158.76M | $106.65M | $128.72M | $137.39M | $991.43M |
| Account Payables | $16.73M | $29.94M | $16.70M | $6.25M | $19.22M | $27.34M | $26.95M | $16.70M | $4.58M | $14.48M | $15.93M | $22.50M | $18.61M | $16.67M | $6.87M | $5.73M | $1.55M | $2.28M | $9.25M | $14.16M |
| Short Term Debt | $1.41M | $1.53M | $1.61M | $1.22M | $-7.61M | $-9.95M | $2.36M | $2.31M | $2.62M | $-203.45M | $2.31M | $2.32M | $2.10M | $2.80M | $5.42M | $61.34B | $6.30M | $26.92M | $25.85M | $19.61M |
| Tax Payables | $3.54M | $3.52M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $16.24M | $50.59M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $113.28M | $31.25M | $92.21M | $127.73M | $64.48M | $72.54M | $53.68M | $56.24M | $89.81M | $51.73M | $327.23M | $302.33M | $202.86M | $188.75M | $74.60M | $-61.25B | $5.48M | $5.72M | $6.05M | $7.20M |
| Total Current Liabilities | $151.20M | $116.83M | $110.33M | $135.48M | $90.83M | $110.26M | $82.88M | $75.81M | $96.76M | $220.24M | $345.47M | $327.42M | $224.18M | $208.23M | $270.39M | $90.76M | $24.45M | $34.91M | $41.18M | $285.23M |
| Long Term Debt | $25.60M | $20.98M | $2.14M | $210.00K | $362.00K | $514.00K | $695.00K | $1.44M | $1.95M | $1.76M | $2.10M | $2.56M | $1.90M | $1.91M | $105.89K | $508.47K | $914.96K | $1.07M | $1.52M | $13.40B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $162.00K | $171.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $9.37M | $9.36M | $9.73M | $9.71M | $9.43M | $1.70M | $1.90M | $598.00K | $674.85K | $758.01K | $11.30M | $11.36M | $988.41K | $9.53M | $1.15M | $1.23M | $1.31M | $1.39M | $1.46M | $-13.39B |
| Total Non-Current Liabilities | $35.13M | $30.52M | $11.84M | $9.94M | $9.78M | $2.22M | $2.59M | $2.05M | $2.62M | $2.52M | $13.40M | $13.89M | $2.90M | $11.45M | $1.26M | $1.74M | $2.23M | $2.47M | $2.98M | $13.40M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $186.33M | $147.34M | $122.17M | $145.42M | $100.62M | $112.47M | $85.47M | $77.86M | $99.38M | $222.76M | $358.87M | $341.31M | $227.08M | $219.68M | $271.64M | $92.50M | $26.68M | $37.38M | $44.16M | $298.63M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- | $- | $- | $- | $140 | $149 | $158 | $157 | $155 | $155 | $152 | $153 | $147 | $142 | $141 | $1.00K |
| Retained Earnings | $-357.59M | $-282.01M | $-224.86M | $-205.18M | $-65.68M | $14.40M | $124.90M | $210.95M | $270.53M | $281.51M | $201.13M | $141.44M | $-71.68M | $-131.77M | $-167.11M | $-168.26M | $-151.03M | $-133.13M | $-130.21M | $-883.27M |
| Accumulated Other Comprehensive Income Loss | $-32.84M | $-37.97M | $-48.78M | $-43.97M | $-43.58M | $-51.35M | $-27.72M | $-37.18M | $5.93M | $-7.70M | $-16.80M | $-16.01M | $-12.79M | $-13.56M | $-11.79M | $-12.22M | $-9.50M | $-6.96M | $-6.92M | $-55.54M |
| Other Total Stockholders Equity | $706.24M | $698.18M | $685.84M | $611.70M | $472.77M | $477.92M | $450.83M | $435.17M | $420.12M | $442.29M | $456.15M | $432.69M | $481.05M | $447.76M | $282.09M | $261.50M | $254.46M | $244.94M | $244.04M | $1.04B |
| Total Stockholders Equity | $315.81M | $378.20M | $411.04M | $348.94M | $363.20M | $426.76M | $547.45M | $612.13M | $681.85M | $701.54M | $624.98M | $543.10M | $381.60M | $287.14M | $88.05M | $66.26M | $79.96M | $91.34M | $93.23M | $692.79M |
| Total Equity | $315.81M | $378.20M | $411.04M | $348.94M | $363.20M | $426.76M | $547.45M | $612.13M | $681.85M | $701.54M | $624.98M | $543.10M | $381.60M | $287.14M | $88.05M | $66.26M | $79.96M | $91.34M | $93.23M | $692.79M |
| Total Liabilities and Stockholders Equity | $502.14M | $525.54M | $533.21M | $494.36M | $463.82M | $539.24M | $632.92M | $690.00M | $781.23M | $924.30M | $983.86M | $884.41M | $608.68M | $506.82M | $359.69M | $158.76M | $106.65M | $128.72M | $137.39M | $991.43M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $502.14M | $525.54M | $533.21M | $494.36M | $463.82M | $539.24M | $632.92M | $690.00M | $781.23M | $924.30M | $983.86M | $884.41M | $608.68M | $506.82M | $359.69M | $158.76M | $106.65M | $128.72M | $137.39M | $991.43M |
| Total Investments | $2.85M | $40.00M | $2.81M | $6.58M | $2.78M | $2.77M | $2.91M | $6.25M | $2.80M | $2.98M | $3.15M | $3.14M | $3.10M | $- | $1.30M | $9.56M | $30.47M | $49.22M | $24.46M | $11.01M |
| Total Debt | $27.01M | $22.51M | $2.13M | $210.45K | $361.77K | $514.75K | $694.14K | $1.45M | $1.95M | $1.76M | $2.10M | $2.56M | $1.90M | $1.91M | $3.91M | $5.83M | $6.02M | $26.72M | $26.30M | $113.30M |
| Net Debt | $-44.78M | $-44.27M | $-52.51M | $-96.15M | $-40.19M | $-65.72M | $-71.19M | $-100.85M | $-278.36M | $-392.25M | $-413.95M | $-418.95M | $-261.26M | $-186.77M | $-199.85M | $-54.11M | $-20.08M | $4.48M | $-10.99M | $-403.31M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-414.15M | $70.40M | $308.44M | $-32.95M | $-1.03B |
| Depreciation and Amortization | $59.64M | $36.21M | $4.94M | $6.84M | $45.09M |
| Deferred Income Tax | $-45.69M | $- | $- | $- | $- |
| Stock Based Compensation | $42.07M | $63.48M | $76.34M | $451.91K | $270.24M |
| Change in Working Capital | $16.11M | $-248.19M | $-292.11M | $-28.34M | $-156.05M |
| Accounts Receivables | $-3.02M | $58.43K | $1.06M | $-689.20K | $20.82M |
| Inventory | $-123.95M | $-233.87M | $-115.91M | $-14.36M | $-157.33M |
| Accounts Payables | $-10.24M | $- | $- | $- | $- |
| Other Working Capital | $153.31M | $-14.38M | $-177.26M | $-13.29M | $-19.54M |
| Other Non Cash Items | $218.39M | $-105.84M | $104.26M | $60.48M | $595.17M |
| Net Cash Provided by Operating Activities | $-123.62M | $-183.94M | $201.86M | $6.48M | $-280.06M |
| Investments in Property Plant and Equipment | $-3.31M | $-17.88M | $-5.63M | $-333.34K | $-8.38M |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $42.94M | $9.71M | $6.48M | $-7.26M | $-7.95M |
| Net Cash Used for Investing Activities | $39.63M | $-8.16M | $846.22K | $-7.59M | $-16.33M |
| Debt Repayment | $- | $- | $-5.49M | $- | $- |
| Common Stock Issued | $67.85M | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $-37.38M | $- | $-6.13M | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $22.16M | $-29.20M | $-4.72M | $-11.02M | $104.49M |
| Net Cash Used Provided by Financing Activities | $90.00M | $-56.59M | $138.93M | $-17.15M | $277.95M |
| Effect of Forex Changes on Cash | $-11.41M | $-80.61M | $25.39M | $-1.50M | $-1.93M |
| Net Change in Cash | $-5.40M | $-295.39M | $365.40M | $-19.77M | $-20.36M |
| Cash at End of Period | $96.15M | $102.30M | $427.56M | $60.63M | $524.85M |
| Cash at Beginning of Period | $101.55M | $397.69M | $62.15M | $80.40M | $545.21M |
| Operating Cash Flow | $-123.62M | $-183.94M | $201.86M | $6.48M | $-280.06M |
| Capital Expenditure | $-3.31M | $-17.88M | $-5.63M | $-333.34K | $-8.38M |
| Free Cash Flow | $-126.93M | $-201.82M | $196.23M | $6.15M | $-288.44M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-75.58M | $-41.88M | $-39.33M | $-223.86M | $-80.05M | $-110.83M | $-84.26M | $-89.76M | $6.45M | $90.85M | $64.96M | $187.89M | $86.39M | $37.88M | $183.38K | $-11.02M | $-12.71M | $-2.38M | $-5.63M | $-798.21M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $15.03M | $- | $- | $- | $3.93M | $- | $- | $- | $- | $- | $- | $- | $15.25M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $6.68M | $6.53M | $7.90M | $21.31M | $9.73M | $11.08M | $12.60M | $18.08M | $14.73M | $15.56M | $15.66M | $11.99M | $18.64M | $23.63M | $21.62M | $-177.70K | $240.72K | $105.23K | $244.13K | $47.70M |
| Change in Working Capital | $- | $- | $- | $- | $- | $- | $- | $-248.19M | $- | $- | $- | $-311.42M | $- | $- | $- | $- | $- | $- | $- | $683.70M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $58.43K | $- | $- | $- | $1.06M | $- | $- | $- | $- | $- | $- | $- | $1.48M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $-233.87M | $- | $- | $- | $-123.67M | $- | $- | $- | $- | $- | $- | $- | $275.06M |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $- | $- | $- | $- | $- | $- | $- | $-14.38M | $- | $- | $- | $-188.81M | $- | $- | $- | $- | $- | $- | $- | $407.15M |
| Other Non Cash Items | $68.89M | $35.35M | $31.43M | $202.55M | $70.32M | $99.75M | $71.66M | $205.93M | $-21.17M | $-106.41M | $-80.62M | $280.65M | $-105.04M | $-61.51M | $-21.81M | $11.20M | $12.47M | $2.27M | $5.39M | $-217.97M |
| Net Cash Provided by Operating Activities | $- | $- | $- | $- | $- | $- | $- | $-98.92M | $- | $- | $- | $173.04M | $- | $- | $- | $- | $- | $- | $- | $-269.53M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $-8.25M | $- | $- | $- | $-2.21M | $- | $- | $- | $- | $- | $- | $- | $-2.04M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $5.96M | $- | $- | $- | $25.12K | $- | $- | $- | $- | $- | $- | $- | $70.09M |
| Net Cash Used for Investing Activities | $- | $- | $- | $- | $- | $- | $- | $-2.28M | $- | $- | $- | $-2.19M | $- | $- | $- | $- | $- | $- | $- | $68.05M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $9.61M | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $-8.09M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $- | $- | $- | $- | $- | $- | $-2.90M | $- | $- | $- | $-6.17M | $- | $- | $- | $- | $- | $- | $- | $317.97M |
| Net Cash Used Provided by Financing Activities | $- | $- | $- | $- | $- | $- | $- | $-10.50M | $- | $- | $- | $-5.69M | $- | $- | $- | $- | $- | $- | $- | $397.45M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $-111.13M | $- | $- | $- | $-2.93M | $- | $- | $- | $- | $- | $- | $- | $-3.77M |
| Net Change in Cash | $- | $- | $- | $- | $- | $- | $-101.86M | $102.30M | $- | $- | $-429.93M | $428.95M | $- | $- | $- | $- | $- | $- | $-74.02M | $192.19M |
| Cash at End of Period | $- | $- | $- | $- | $- | $- | $- | $102.30M | $- | $- | $- | $428.95M | $- | $- | $- | $- | $- | $- | $- | $524.85M |
| Cash at Beginning of Period | $- | $- | $- | $- | $- | $- | $101.86M | $- | $- | $- | $429.93M | $- | $- | $- | $- | $- | $- | $- | $74.02M | $332.65M |
| Operating Cash Flow | $- | $- | $- | $- | $- | $- | $- | $-98.92M | $- | $- | $- | $173.04M | $- | $- | $- | $- | $- | $- | $- | $-269.53M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $-8.25M | $- | $- | $- | $-2.21M | $- | $- | $- | $- | $- | $- | $- | $-2.04M |
| Free Cash Flow | $- | $- | $- | $- | $- | $- | $- | $-107.17M | $- | $- | $- | $170.83M | $- | $- | $- | $- | $- | $- | $- | $-271.57M |
Canaan Dividends
Explore Canaan's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
-37.32x
Canaan Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.38 | $0.38 | November 15, 2021 | December 02, 2021 | December 02, 2021 | November 01, 2021 |
Canaan News
Read the latest news about Canaan, including recent articles, headlines, and updates.
Canaan Inc. to Report Fourth Quarter and Full Year 2024 Financial Results on March 26, 2025
SINGAPORE , March 17, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2024, before the U.S. market opens on March 26, 2025. The Company's management team will hold a conference call at 8:00 A.M.
Canaan Inc. Enters into Securities Purchase Agreement for Series A-1 Preferred Shares Financing and Completes First Tranche Closing
Provides Company with access to up to US$200 million SINGAPORE , March 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that the Company had entered into a Securities Purchase Agreement (the "Agreement") with an institutional investor (the "Buyer"), providing the Company with total gross proceeds of up to US$200 million through a Series A-1 Preferred Shares financing (the "Preferred Shares Financing"). First tranche closing under the Preferred Shares Financing was completed on March 10, 2025, where an initial US$100 million has been received.
Canaan Presents A Golden Opportunity
Canaan's stock is extremely oversold but shows strong support around $1.15 to $1.30, presenting a compelling risk/reward opportunity for investors. The company is a small-cap Bitcoin miner with competitive costs and new products like the Avalon Q, potentially boosting future profitability. Despite recent earnings revisions, Canaan's valuation appears too low, especially given its potential to achieve significant profits by 2025 and 2026.
Canaan Inc. Announces February 2025 Bitcoin Production, Mining Operation Updates, and Preliminary Fourth Quarter 2024 Financial Results
SINGAPORE , March 3, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining and operational update for February 2025 and announced preliminary unaudited financial results for the fourth quarter ended December 31, 2024. Management Commentary "Despite February being a shorter month, we continued to make steady strides in both our mining operations and product innovation," said Nangeng Zhang, Chairman and chief executive officer of Canaan.
Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates
SINGAPORE , Feb. 19, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending January 31, 2025. Management Commentary "In January, we made solid progress across all segments of our business, as we expanded our customer base, announced two Avalon Home consumer products, and advanced our self-mining capacity, leading to an increase in our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan.
Canaan Inc. to Participate in the "Digital Assets 2025: To Bitcoin and Beyond," Virtual Conference Presented by Maxim Group LLC
SINGAPORE , Feb. 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its director of business development, Christopher Crowell, will present at the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference, presented by Maxim Group LLC, on Wednesday, February 12, 2025, at 8:30 a.m. EST. As part of the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference, Matthew Galinko, research analyst at Maxim Group, will sit down with Canaan and other companies in the digital asset ecosystem, including bitcoin miners, equipment providers, and corporate adopters of crypto as a treasury strategy.
Canaan Inc. Announces December 2024 Bitcoin Production and Mining Operation Updates and Provides FY2025 Financial Guidance
Expects total revenues for FY2025 in the range of US$900 million to US$1.1 billion SINGAPORE , Jan. 21, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending December 31, 2024, and provided financial guidance for fiscal year 2025. Management Commentary "Since the beginning of the fourth quarter of 2024, we have made considerable progress in expanding our market presence, strengthening partnerships and advancing our self-mining operations, while steadily increasing our bitcoin holdings on our balance sheet," said Nangeng Zhang, chairman and chief executive officer of Canaan.
Canadian Gold Resources (TSXV: CAN) Engages Alliance Advisors IR for Investor Relations Services and Retains Integral Wealth Securities as Market Maker
DIEPPE, New Brunswick, Jan. 20, 2025 (GLOBE NEWSWIRE) -- Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN), Canadian exploration company focused on developing high-grade gold projects in the Gaspé Gold Belt of Quebec, is pleased to announce it has entered into an investor relations agreement (the “Alliance Agreement”) with Alliance Advisors Investor Relations (“Alliance”) and has retained Integral Wealth Securities Limited (“Integral”) to provide market-making services (the “Integral Agreement”) in accordance with TSX Venture Exchange (“TSXV”) policies. The partnerships aim to enhance Canadian Gold's communication with the investment community and increase visibility within the resource sector.
Canaan Introduces Revolutionary Bitcoin Mining Heaters for Home and Personal Use in CES 2025
LAS VEGAS , Jan. 7, 2025 /PRNewswire/ -- Canaan INC (NASDAQ: CAN), a leading blockchain hardware manufacturer, today announced the launch of the Avalon Mini 3 and Nano 3S in Las Vegas, CES . The two innovative Bitcoin mining devices are designed to democratize cryptocurrency mining for individuals and turning a home heating system into a crypto mining device.
Canaan Inc. Secures A15XP Order from New United States Customer
SINGAPORE , Jan. 6, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan U.S. Inc., a wholly owned subsidiary of the Company, has entered into a purchase agreement with a new, strategic United States customer for its Avalon A15XP miners. According to the purchase agreement, Canaan U.S. Inc. will provide the customer with 2800 air-cooled Avalon A15XP miners that will be added to its large mining fleet.
Canadian Gold Resources (TSXV: CAN) Announces Closing of Non-Brokered Private Placement of Flow-Through Units and Non Flow-Through Units
DIEPPE, New Brunswick, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Further to its news release of December 18, 2024, Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN) is pleased to announce it has closed a non-brokered private placement of flow through and non-flow through units (the “Offering”) for total gross proceeds of $2,345,000. The Company sold:
Canadian Gold Resources (TSXV: CAN) Announces Non-Brokered Private Placement of Flow-Through Units and Non Flow-Through Units
DIEPPE, New Brunswick, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN) is pleased to announce a non-brokered private placement (the “Offering”) of:
Canaan Inc. Signs Agreement with AGM Group Holdings Inc.
Provides 2000 A15 Hydro Bitcoin mining machines in initial order Continues global expansion with addition of new customer SINGAPORE , Dec. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with AGM Group Holdings Inc. ("AGMH"), an integrated technology company specializing in fintech software services and production of high-performance hardware and computing equipment, for its Avalon A15 HydU 370T ("A15 Hydro") mining machines.
Canadian Gold Resources (TSXV: CAN) Commences Trading on the TSX Venture Exchange
VANCOUVER, British Columbia, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN) (formerly “Amseco Exploration Ltd.”) is pleased to announce that the common shares of the Company will officially commence trading on the TSX Venture Exchange (“TSXV”) under the trading symbol “CAN” and new CUSIP #13585U109, as of market open today, Thursday, December 12, 2024.
Canaan Inc. to Participate in Upcoming Investor Conferences
SINGAPORE , Dec. 2, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will participate in the following investor conferences in December 2024. Canaan's management plans to host one-on-one meetings with institutional investors at the conferences.
Theralase(R) Release's 3Q2024 Financial Statements
TORONTO, ON / ACCESSWIRE / November 27, 2024 / Theralase® Technologies Inc. (" Theralase® " or the " Company ") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light, radiation, sound and drug-activated small molecules and their formulations, intended for the safe and effective destruction of various cancers, bacteria and viruses has released the Company's unaudited condensed consolidated interim financial statements for the nine-month period ended September 30, 2024. (" Financial Statements ").
Canaan Inc. Closes Series A-1 Preferred Shares Financing
SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the "Preferred Shares Financing"), raising total gross proceeds of US$30 million. On November 19, 2024, the Company entered into a securities purchase agreement ("Securities Purchase Agreement") with an institutional investor (the "Buyer"), pursuant to which the Company agreed to issue and sell to the Buyer 30,000 Series A-1 Convertible Preferred Shares (the "Preferred Shares") at the price of US$1,000.00 for each Preferred Share.
Should You Buy Canaan (CAN) After Golden Cross?
From a technical perspective, Canaan Inc. Sponsored ADR (CAN) is looking like an interesting pick, as it just reached a key level of support. CAN's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
HIVE Digital expands Bitcoin mining capacity with purchase of 5,000 Canaan Avalon miners
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan, enhancing its mining efficiency and operational capacity. This follows an earlier acquisition of 6,500 Avalon miners, bringing November's total orders to 11,500 units.
Canaan: Q3 Earnings, Is The 'Digital Gold' Rush Coming?
Canaan's Q3 earnings report beat analyst expectations for top line revenue but missed on EPADS. The company grew compute power sold by 92% year over and improved rate by 12%. Canaan's Avalon Nano 3 machine could conceivably generate increased interest from home miners if the psychological level of $100k BTC is breached.
RETRANSMISSION: HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - HIVE Digital Technologies Ltd.
HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - HIVE Digital Technologies Ltd.
Canaan Inc. (CAN) Q3 2024 Earnings Call Transcript
Canaan Inc. (NASDAQ:CAN ) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CFO Conference Call Participants Kevin Cassidy - Rosenblatt Securities Nick Giles - B. Riley Securities Kevin Dede - H.C.
Canaan Inc. Reports Unaudited Third Quarter 2024 Financial Results
- Total Revenue Increased to US$73.6 Million, up 120.9% YoY - - Total Computing Power Sold Achieved 7.3 Million Thash/s, up 93.8% YoY - SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended September 30, 2024. Third Quarter 2024 Operating and Financial Highlights Revenues were US$73.6 million, which beat the previous guidance of US$73 million and increased 120.9% year-over-year.
Canaan Inc. Announces the Execution of a Securities Purchase Agreement
Continues expansion of its self-mining expansion and Bitcoin mining machine business in North America SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company" or "We"), a leading high-performance computing solutions provider, today announced that it has entered into a securities purchase agreement (the "Securities Purchase Agreement") with an institutional investor (the "Buyer"), pursuant to which the Company shall issue and sell to the Buyer up to 30,000 Series A-1 Preferred Shares (the "Series A-1 Preferred Shares") at the price of US$1,000.00 for each Series A-1 Preferred Share. Canaan agreed that the proceeds from the sale of the Series A-1 Preferred Shares will be used by the Company and/or its subsidiaries to manufacture or invest in digital mining sites and equipment to be deployed or sold in North America, including any acquisition or disposition of assets from or between subsidiaries.
Canaan Inc. Secures Follow-On Order from HIVE for 5,000 Avalon A15-194T Miners
Complementing the Earlier November Order of 6,500 Avalon A1566 Miners SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a follow-on order purchase agreement with HIVE Digital Technologies Ltd ("HIVE"), for its Avalon A15-194T miners.
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