Canaan Inc. Expands Self-Mining Footprint in North America
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
New mining partnerships to add ~4.7 EH/sMining machines to be hosted at facilities in Pennsylvania and TexasSelf-mining energization expected in coming monthsSINGAPORE, March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that wholly owned subsidiaries of Canaan have signed agreements that expand the Company's self-mining capabilities at two new partners' mining facilities in Pennsylvania and Texas.A three-year master colocation agreement has been entered into with Mawson Hosting LLC, an affiliate of Mawson Infrastructure Group Inc. (NASDAQ: MIGI), for its facility in Midland, Pennsylvania. This expansion in Pennsylvania, together with another recently executed 24-month equipment hosting agreement for a facility in Edna, Texas, is expected to add around 4.7EH/s of North American hashrate to Canaan's self-mining computing power. The majority of this hashrate is expected to be installed by the second quarter
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CAN
News
- Canaan Inc. Renews Its US$30 Million Share Buyback ProgramPR Newswire
- Canaan (NASDAQ:CAN) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $4.00 price target on the stock.MarketBeat
- Canaan Inc. Provides November 2025 Bitcoin Production and Mining Operation UpdatesPR Newswire
- Canaan (NASDAQ:CAN) was upgraded by analysts at BTIG Research to a "strong-buy" rating.MarketBeat
- Canaan (NASDAQ:CAN) is now covered by analysts at BTIG Research. They set a "buy" rating on the stock.MarketBeat
CAN
Earnings
- 11/18/25 - Beat
CAN
Sec Filings
- 12/17/25 - Form 6-K
- 12/12/25 - Form SCHEDULE
- 12/10/25 - Form 6-K
- CAN's page on the SEC website