Canaan(US:CAN) Financial Modeling Prep·2025-11-18 17:00Core Viewpoint - Canaan Inc. is experiencing a positive shift in market sentiment, reflected in the increased price target for its stock, driven by operational updates and strong performance in cryptocurrency holdings [2][5]. Company Overview - Canaan Inc. is a key player in the Bitcoin mining industry, established in 2013 and based in Singapore, focusing on green mining solutions and competing with companies like Bitmain and MicroBT [1]. Stock Performance - The consensus price target for Canaan's stock has risen to $4 from $2.88 over the past three months, indicating growing optimism about the company's future [2][5]. Operational Updates - Canaan announced plans to expand its operating hashrate with additional mining capacity expected in the fourth quarter of 2025, which may enhance its market position [3][5]. Cryptocurrency Holdings - By the end of October, Canaan's cryptocurrency treasury reached a record high, holding 1,610 Bitcoin and 3,950 Ethereum, showcasing strong operational performance [4][5]. Financial Outlook - Stable revenue split and power costs, along with potential technological advancements and strategic partnerships, support a positive outlook for Canaan's future growth [5].