SINGAPORE, Feb. 3, 2026 /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, 2025, before the U.S. market opens on February 10, 2026. The Company's management team will hold a conference call at 8:00 A.M. U.S. Eastern Time/9:00 P.M. Singapore Time on February 10, 2026, to discuss the financial results. Details for the conference call are as f ...

"创新药九死一生，罕见病药物尤其如此。有了市场独占期制度，一旦成功，这类药物就可以享受到独 占红利。"国内罕见病药企北海康成创始人、董事长兼首席执行官薛群在接受智通财经记者采访时表 示，国际上很多国家都有罕见病的市场独占期制度，比如美国是7年，欧盟是9年，包括北海康成在内， 多年来国内也有很多力量在推动这一制度的确立，如今条例正式公布，称得上里程碑式时刻，将鼓励更 多药企投入到更小众的罕见病领域，也有望引导行业实现"反内卷"。 凯西中国总裁兼总经理邓浩青表示，此次条例的修订将进一步鼓励创新，支持以临床价值为导向的研 发。条例还明确规定了药品上市的快速审评通道，加快新药好药上市，尽快惠及患者。其中，对符合条 件的罕见病药品给予不超过7年的市场独占期，这不仅和国际标准接轨，也给深耕罕见病领域的企业打 了一剂强心针，让公司感受到了政府鼓励"真创新"、加速罕见病患者药物可及的满满心意。 邓浩青介绍，目前，借助海南博鳌乐城先行先试政策，公司已率先落地了两款罕见病产品，还有7款罕 见病治疗药物待进入中国，其中不乏目前国内该适应证唯一的治疗选择，希望乘着中国政策的东风，将 这些产品尽快带入中国，让罕见病患者尽早用上创新药， ...

Crypto mining hardware manufacturer Canaan Inc. (NASDAQ: CAN) has received a delisting warning from Nasdaq. This comes after its shares traded below $1 for 30 consecutive business days. This is the second company in two months that has received a delisting letter from Nasdaq. Related: Nasdaq pushes the U.S. SEC for clear digital asset rules Canaan may seek extra time or a reverse split In a statement, the company said it was notified on Jan. 15 that it failed to meet the exchange’s minimum bid price r ...

Group 1: Company Performance - Canaan Inc. reported a 61% year-over-year increase in operating hashrate and an 82% jump in installed hashrate, reaching 9.91 EH/s [1] - The company mined 86 BTC in December and closed 2025 with record crypto holdings of 1,750 BTC and 3,951 ETH [1] - Canaan expanded its global power capacity to more than 250 MW across nine projects and improved miner efficiency to 24.3 J/TH [2] Group 2: Financial Metrics - Despite outperforming the Bitcoin network's 34% hashrate growth, Canaan faces financial pressure with a negative 58% free cash flow yield [2] - The company's stock is down 52% over the past year [2] Group 3: Strategic Initiatives - Canaan launched a 3.0 MW proof-of-concept program with Bitforest Investment Ltd to recover heat from an Avalon Computing system for greenhouse operations [3] - The company renewed a $30 million share buyback program and launched a 3 MW heat-recovery initiative in Canada [2] - Canaan operates a self-mining fleet across eight global data centers with holdings of about 1,600 BTC and is focused on expanding self-mining and increasing rig market share [4] Group 4: Industry Position - Canaan specializes in ASIC supercomputing chips, primarily known for designing and manufacturing Bitcoin mining machines under the Avalon brand [5] - The company is focused on integrating efficient, often green, computing into applications such as data centers and energy [5]

Core Viewpoint - Canaan Inc., a crypto mining hardware manufacturer, has received a warning from Nasdaq due to its share price falling below the exchange's minimum requirement, which may lead to delisting if the stock price is not regained within six months [1] Company Summary - Canaan Inc. is currently at risk of being delisted from Nasdaq due to its share price falling below the required threshold [1]

Core Viewpoint - Nasdaq has issued a warning to Bitcoin mining manufacturer Canaan (CAN), requiring the company to maintain its stock price above $1 for 10 consecutive trading days before July this year to avoid delisting risk [1] Group 1: Company Performance - Canaan's current stock price is approximately $0.79, which is below the required threshold [1] - The company had previously announced a significant order of 50,000 Avalon A15 Pro mining machines in October last year, which temporarily boosted its stock price, but the upward momentum was not sustained [1] Group 2: Investor Activity - The largest institutional investor, Streeterville Capital, liquidated its holdings worth approximately $439 million in December [1]

Canaan Inc. (NasdaqGM:CAN) has received a fresh warning from Nasdaq over its sub-$1 share price. The company has kept its listing for now and can avoid delisting, while its stock trades under the threshold in Friday’s session. Singapore-based crypto mining hardware maker Canaan Inc. said it received a written notice from Nasdaq on Jan. 14, 2026. The notice stated that its American depositary shares (ADSs) no longer meet the minimum bid requirement under Listing Rule 5550(a)(2). The company ADSs have clo ...

Core Viewpoint - Canaan, a Bitcoin mining hardware manufacturer, has until July to raise its share price above $1 for at least 10 consecutive days to avoid delisting from Nasdaq [1][2]. Group 1: Share Price and Compliance - Canaan's current share price is $0.79, and it has not traded above $5 since 2022, with the last closing above $2 occurring in October [3]. - If Canaan fails to comply with Nasdaq's requirements, the exchange may grant additional time for compliance, and other companies have utilized reverse stock splits to increase their share price [2]. Group 2: Recent Developments and Orders - In October, Canaan announced a significant order for 50,000 Avalon A15 Pro mining rigs, marking the largest order in three years, which initially boosted the stock price by 25% [3][4]. - However, the positive investor sentiment was short-lived, as evidenced by the exit of Streeterville Capital, Canaan's largest institutional holder, which divested a position worth approximately $439 million on December 12 [5]. Group 3: Industry Context - Canaan is not alone in facing delisting warnings, as other companies, such as Kindly MD, have received similar notifications from Nasdaq regarding share price compliance [6].

Core Insights - Canaan reported a record revenue of $150 million in the latest quarter, marking a 104% year-over-year increase and a 50% quarter-over-quarter increase, with guidance for Q4 revenue between $175 million and $205 million [5][6][7] Company Overview - Canaan, founded in 2013, specializes in designing ASICs for bitcoin mining and has developed 16 generations of these chips, which have displaced GPU and CPU mining due to their higher efficiency [2][20] - The company operates close to 1% of the global hash rate and has sold products in 86 countries [1][20] Product Development - Canaan launched its next-generation Avalon A16 and A16 XP miners, achieving energy efficiency as low as 12.8 J/TH, and is expanding its consumer "home mining" units [5][10] - The company offers a range of mining machines, including air-cooled and hydro-cooled systems, and has patents related to immersion-cooled systems [11][12] Revenue Diversification - The business model is shifting, with approximately 70% of revenue from machine sales, 20% from self-mining, and 8% from home mining equipment sales [4][7] - Self-mining operations are primarily structured through partnerships, with a reported gross margin of 26.3% [13] Financial Performance - Canaan's gross profit for the latest quarter was $16.6 million, up 79% quarter-over-quarter, while the operating loss narrowed to $23.9 million [9] - The company held approximately 1,750 BTC at year-end, with a bitcoin treasury of 1,610 bitcoins as of October 30 [9][14] Strategic Initiatives - Canaan is involved in nine mining projects across the U.S., Ethiopia, and Canada, focusing on alternative energy initiatives such as gas-to-compute and greenhouse heat reuse [4][15][14] - The company has launched a share buyback program, believing its shares are undervalued [19] Market Position - Canaan is positioned as a second provider in terms of hash rate delivered, gaining market share due to machine durability and maintenance support [19] - The company has manufacturing facilities in California, Malaysia, and China, which helps mitigate tariff risks [17]

Summary of Canaan Inc. Conference Call Company Overview - **Company Name**: Canaan Inc. - **Ticker**: CAN - **IPO Year**: 2019 - **Industry**: Cryptocurrency and Bitcoin mining equipment manufacturing - **Headquarters**: Singapore - **Employee Count**: Over 20 in the U.S. as of 2021, with operations in various states [4][5] Key Financial Highlights - **Q3 Revenue**: $150 million, exceeding guidance of $125-$145 million - **Year-over-Year Revenue Growth**: 104% - **Quarter-over-Quarter Revenue Growth**: 50% - **Gross Profit**: $16.6 million, representing 79% quarter-over-quarter growth - **Operating Loss**: Narrowed to $23.9 million - **Bitcoin Treasury**: 1,610 Bitcoins as of October 30th, 2025 - **Average Selling Price for Machines**: $11.80 per terahash per second - **Fourth Quarter Revenue Guidance**: $175 million - $205 million [13][14][29] Product and Market Position - **ASIC Development**: Developed 16 generations of ASICs, leading to high efficiency and computing power [7][8] - **Market Share**: Positioned as the second provider in terms of hash rate delivered, gaining market share due to durable machines and transparency as a public company [41] - **Sales Channels**: Products sold in 86 countries through online and offline channels [10] - **Self-Mining Operations**: Generated revenue from both machine sales and self-mining, with a self-mining gross margin of 26.3% [10][20] Strategic Initiatives - **Vertical Integration**: Focus on ASIC design, manufacturing, and self-mining to manage inventory and cash flow [10][12] - **HODL Policy**: Bitcoin mined is used to cover expenses, with the remainder held on the balance sheet [11][25] - **Joint Ventures**: Collaborations with third parties for self-mining operations, including a 20-megawatt hosting agreement in Texas [25][26] - **Sustainability Initiatives**: Projects like gas-to-computing pilot in Alberta and greenhouse heating solutions to recycle heat from mining operations [21][27] Industry Dynamics - **Regulatory Environment**: The current regulatory landscape is more favorable compared to the time of the IPO [4] - **Market Competition**: Increasing competition in the Bitcoin mining market, with a focus on maintaining operational efficiency and customer relationships [22][36] - **Power Market Trends**: The shift towards AI data centers may impact Bitcoin mining power availability, but mining operations have established relationships with power providers [36][40] Risks and Challenges - **Tariff Risks**: Potential changes in tariffs could impact competitiveness, but U.S. manufacturing helps mitigate these risks [13][33] - **Market Volatility**: Bitcoin price fluctuations can affect mining profitability and operational decisions [22][39] Additional Insights - **Customer Preferences**: U.S. customers prefer machines assembled in the U.S. to avoid tariff issues [13][34] - **Home Mining Solutions**: Introduction of consumer-friendly mining equipment aimed at individual users and small businesses [15][19] - **Future Outlook**: Anticipation of continued growth in Bitcoin mining and machine sales, with a focus on innovation and sustainability [24][27] This summary encapsulates the key points discussed during the conference call, highlighting Canaan Inc.'s financial performance, strategic initiatives, market position, and industry dynamics.