1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Canaan Inc.
  6. News
  7. Summary
    CAN   US1347481020

CANAAN INC.

(CAN)
  Report
Delayed Nasdaq  -  05/23 04:00:00 pm EDT
3.200 USD   +3.23%
05/19SECTOR UPDATE : Tech Stocks Lean Lower Pre-Bell Thursday
MT
05/19TRANSCRIPT : Canaan Inc., Q1 2022 Earnings Call, May 19, 2022
CI
05/19Canaan Posts Higher Q1 Earnings, Revenue; Provides Q2 Revenue Outlook
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Canaan Expands Crypto Mining Capabilities in Kazakhstan

01/04/2022 | 06:32am EDT

By Chris Wack

Canaan Inc. on Tuesday said it entered into strategic collaboration agreements with multiple crypto mining firms for a joint-mining business in Kazakhstan.

The company said that on Dec. 22, it launched the last batch of mining machines online under its first phase of deployment in Kazakhstan.

As of Dec. 31, Canaan had 10,300 AvalonMiner units in mining operations in the country, and continues to deploy additional computing power according to its mining business expansion plan.

Canaan shares were up 4% to $5.46 in premarket trading.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

01-04-22 0632ET

All news about CANAAN INC.
05/19SECTOR UPDATE : Tech Stocks Lean Lower Pre-Bell Thursday
MT
05/19TRANSCRIPT : Canaan Inc., Q1 2022 Earnings Call, May 19, 2022
CI
05/19Canaan Posts Higher Q1 Earnings, Revenue; Provides Q2 Revenue Outlook
MT
05/19CANAAN : Q1 Earnings Snapshot
AQ
05/19Canaan Inc. Provides Revenue Guidance for the Second Quarter of 2022
CI
05/16DA Davidson Adjusts Price Target for Canaan to $10 From $15, Maintains Buy Rating
MT
05/12Asian ADRs Move Up in Thursday Trading
MT
05/09Canaan Inc. to Report First Quarter 2022 Financial Results on May 19, 2022
PR
04/29Canaan Inc. Files 2021 Annual Report on Form 20-F
PR
04/22CAPITALGAINSREPORT : 5 Best Crypto Stocks To Buy Now
AQ
More news
Analyst Recommendations on CANAAN INC.
More recommendations
Financials
Sales 2022 7 077 M 1 057 M 1 057 M
Net income 2022 2 064 M 308 M 308 M
Net Debt 2022 - - -
P/E ratio 2022 1,78x
Yield 2022 -
Capitalization 3 569 M 533 M 533 M
Capi. / Sales 2022 0,50x
Capi. / Sales 2023 0,38x
Nbr of Employees 346
Free-Float 79,5%
Chart CANAAN INC.
Duration : Period :
Canaan Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CANAAN INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 20,75 CNY
Average target price 67,12 CNY
Spread / Average Target 223%
EPS Revisions
Managers and Directors
N. G. Zhang Chairman & Chief Executive Officer
Jin Cheng Chief Financial Officer
Wu Jing Jie Vice President-Technology
Wenjun Zhang Independent Director
Hongchao Du Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CANAAN INC.-39.81%533
HP INC.-8.02%36 499
DELL TECHNOLOGIES INC.-28.70%29 963
HEWLETT PACKARD ENTERPRISE COMPANY-10.21%18 410
WESTERN DIGITAL-12.88%17 791
SEAGATE TECHNOLOGY HOLDINGS PLC-29.08%17 213