Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
Total revenues of US$88.8 million exceeds guidance, up 80.9% YoYTotal computing power sold achieves record high of 9.1 million TH/s, up 65.9% YoYBitcoin mining revenues reach US$15.3 million, up 312.5% YoYSINGAPORE, March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months and twelve months ended December 31, 2024.Fourth Quarter 2024 Operating and Financial HighlightsTotal revenues were US$88.8 million, which beat the guidance of US$80 million and increased 80.9% year-over-year.Total computing power sold was 9.1 million Terahash per second (TH/s), representing a year-over-year increase of 65.9%, setting a new high.Mining revenue was US$15.3 million and increased 312.5% year-over-year, with 186 Bitcoins mined at an average revenue of US$82,174 per Bitcoin.Net loss was US$92.9 million, compared to US$139.0 million in the same period of 2023.Non-GAAP adjusted EB
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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