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 ...

The rapid rise of Russia’s Bitcoin mining industry is bolstering the country’s economy and may be strengthening the ruble. So says Elvira Nabiullina, the governor of the Russian central bank, although she conceded that “quantifying the impact” of crypto mining is difficult, as illegal and quasi-legal miners make up a “significant portion of the industry.” “It is probably difficult to quantify the impact of crypto mining right now, because a significant portion of it remains in the gray zone,” Nabiullina ...

Core Points - Canaan Inc. plans to report its financial results for Q3 2025 on November 18, 2025, before the U.S. market opens [1] - A conference call will be held at 8:00 A.M. U.S. Eastern Time on the same day to discuss the financial results [2] - Investors can submit questions prior to the conference call, which will be addressed during the Q&A session [3] Company Overview - Canaan Inc. was established in 2013 and focuses on ASIC high-performance computing chip design, research and development, production of computing equipment, and software services [4] - The company is known for shipping the world's first batch of mining machines using ASIC technology in bitcoin's history under the brand name Avalon [4] - Canaan completed its initial public offering on the Nasdaq Global Market in 2019 [4]

Core Viewpoint - Canaan Inc. has entered into securities purchase agreements for the issuance of 63,660,477 American depositary shares (ADSs) at a price of US$1.131 per ADS, aiming to raise funds for various corporate purposes including data center development and Bitcoin mining machine production [1][2]. Group 1: Securities Offering - The company plans to close the transactions on November 6, 2025, subject to customary closing conditions [2]. - The net proceeds from the offering will be used for the acquisition and development of data center sites in North America, expanding Bitcoin mining machine production capacity, and general corporate purposes [2]. Group 2: Regulatory Compliance - The securities will be offered under an effective shelf registration statement on Form F-3, which became effective on February 21, 2025 [3]. - A prospectus supplement will be filed with the SEC, containing important information regarding the ADS offering [3]. Group 3: Company Background - Canaan Inc., established in 2013, specializes in ASIC high-performance computing chip design and production, and was the first to ship mining machines using ASIC technology under the Avalon brand [4]. - The company went public on the Nasdaq Global Market in 2019 [4].

Market Performance - Crypto mining stocks experienced triple-digit gains, outperforming bitcoin [1] Industry Trends - The shift towards AI infrastructure is impacting the crypto mining industry [1]

Regulatory Landscape - British Columbia is pursuing a permanent ban on new cryptocurrency mining projects [1]

Group 1 - Thumzup Media is providing a $2.5 million loan to DogeHash Technologies to enhance its Dogecoin mining capacity and accelerate the deployment of new miners [1] - Thumzup is in the process of acquiring DogeHash in an all-stock deal, which will result in the renaming of DogeHash to Degohash Technologies Holdings [1] - DogeHash Technologies plans to add over 500 ASIC miners to its fleet, which currently consists of 2,500 mining rigs, to improve efficiency and scale during a critical period for the Dogecoin market [3] Group 2 - Thumzup has diversified its digital asset treasury by adding approximately $1.83 million in Dogecoin alongside its holdings of 19.1 BTC valued at around $2.17 million [4] - The company has initiated a $10 million share buyback program set to run through 2026, following a previous $1 million repurchase of shares [4] - Dogecoin (DOGE) is currently trading at $0.23, down about 1% in the last 24 hours, but has increased by 6% over the month [5]

Core Insights - The article highlights a critical shift in AI development where power supply has become the new bottleneck, surpassing chip availability as the limiting factor for growth [2] - Companies are focusing on building and optimizing infrastructure to support the energy demands of AI systems [2] Company Summaries Iren Ltd. - Iren Ltd. has transitioned from Bitcoin mining to high-performance computing, acquiring significant GPU fleets to support AI [5] - The company reported a 226% year-over-year revenue increase to $187 million in Q4 fiscal 2025, with improved gross margins from AI services [5] - Iren's diversification into both crypto mining and AI cloud services provides a cushion against market fluctuations, and its status as a Nvidia preferred partner ensures priority access to GPUs [6][7] Applied Digital - Applied Digital designs AI-optimized data centers, with its Polaris Forge campus planned to reach 1 gigawatt of capacity [8] - The company has secured a lease with CoreWeave, indicating demand for its facilities, but trades at a high valuation of approximately 34 times trailing sales [9] - The stock's valuation reflects both potential upside and risks associated with execution, including construction delays and cost overruns [10] Poet Technologies - Poet Technologies addresses the energy cost of data movement within data centers through its optical interposer platform, which uses light for communication [11] - The company has started generating modest revenue but continues to incur losses as it invests in R&D and manufacturing [12] - With a market cap under $500 million, the stock presents high-risk, high-reward potential, dependent on successful design wins [13] Investment Perspectives - For exposure to AI infrastructure, Iren is considered the most stable option due to its dual business model and existing capacity [14] - Applied Digital could yield high returns if it meets execution targets, but its current premium valuation poses risks [14] - Poet Technologies is viewed as a speculative investment with significant execution risks until it achieves revenue scale [14][15]

Crypto Mining Projects - Crypto mining is a way to earn passive crypto income [1] - Projects mentioned include PiCoreTeam and atoshiofficial [1] Investment Opportunities - The report highlights potential crypto mining projects for 2025 [1]

Core Viewpoint - Canaan Inc. is set to report its financial results for Q1 2025 on May 20, 2025, with a conference call scheduled for the same day to discuss these results [1][2]. Group 1: Financial Reporting - Canaan Inc. will announce its financial results for the first quarter ended March 31, 2025, before the U.S. market opens on May 20, 2025 [1]. - A conference call will be held at 8:00 A.M. U.S. Eastern Time on May 20, 2025, to discuss the financial results [1]. - Investors can submit questions to the company via email up to 24 hours before the conference call [2]. Group 2: Company Background - Canaan Inc. was established in 2013 and focuses on ASIC high-performance computing chip design, research and development, production of computing equipment, and software services [3]. - The company has significant experience in chip design and production in the ASIC field, having shipped the world's first batch of mining machines using ASIC technology in 2013 under the brand name Avalon [3]. - Canaan completed its initial public offering on the Nasdaq Global Market in 2019 [3].