Core Viewpoint - Canaan Inc. (NASDAQ:CAN) is identified as a promising investment opportunity with a significant upside potential, supported by analyst ratings and strategic business developments [1][2]. Group 1: Analyst Ratings and Price Target - As of December 24, 86% of analysts covering Canaan Inc. have a consensus 'Buy' rating, with a median one-year price target of $3, indicating an upside potential of 281.19% [1]. - BTIG initiated coverage on Canaan Inc. on December 8 with a 'Buy' rating and a price target of $3, translating to an upside potential of over 280% [2]. Group 2: Business Model and Operations - Canaan Inc. employs a vertically integrated strategy focusing on BTC self-mining expansion, increasing rig-manufacturing market share, and enhancing power-infrastructure access [3]. - The company operates a dual business model, providing mining equipment to third-party operators while also managing its own mining fleet [3]. Group 3: Production and Market Expansion - In Q3 2025, Canaan Inc. expanded its manufacturing capabilities by establishing a Bitcoin rig production facility in California, enhancing its production capabilities beyond initial markets [4]. - The company holds approximately 1,600 BTC and 4,000 Ethereum, with a near-term strategy focused on expanding Bitcoin self-mining capacity and growing its share in rig manufacturing [4]. Group 4: Company Overview - Canaan Inc. is a Singapore-based company involved in bitcoin mining machine sales, self-mining operations, and consumer mining products, incorporated in 2013 [5].