CAN
Canaan Inc.·Technology
0.39
2.680%(−0.01)
Market OpenLast Updated: — ET
52W L: $0.3952W H: $2.22
CAN NEWS
zacks.com
May 20
CAN Q1 Earnings Call Focuses on Power & Cost Discipline
Canaan's Q1 call highlights West Texas power assets, inventory cleanup and tighter costs as it pivots beyond mining rigs.
seekingalpha.com
May 19
Canaan Inc. (CAN) Q1 2026 Earnings Call Transcript
Canaan Inc. (CAN) Q1 2026 Earnings Call Transcript
zacks.com
May 19
Canaan (CAN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Canaan (CAN) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
marketbeat.com
May 19
Canaan Q1 Earnings Call Highlights
Canaan NASDAQ: CAN said its first-quarter 2026 results reflected a difficult operating environment for bitcoin miners, as lower bitcoin prices, weak hash prices and geopolitical and energy-market uncertainty weighed on demand for mining equipment.
zacks.com
May 19
Canaan (CAN) Reports Q1 Loss, Lags Revenue Estimates
Canaan (CAN) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.27 per share a year ago.
prnewswire.com
May 19
Canaan Inc. Reports Unaudited First Quarter 2026 Financial Results
Revenue of US$62.7 million was in line with guidance; cryptocurrency treasury[1] reached a record 1,807.60 BTC and 3,951.53 ETH as of March 31, 2026 Installed mining computing power across 10 joint-mining projects reached approximately 11 EH/s, up 10.7% sequentially; Produced 257 bitcoins in Q1 Strategic energy infrastructure footprint expanded through the acquisition of 49% interest in ABC Projects in West Texas from Cipher Mining and Nordic hash-to-heat deployment SINGAPORE, May 19, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months ended March 31, 2026. First Quarter 2026 Operating and Financial Highlights Metrics Q1 2026 Market-readable takeaways Total revenue US$62.7 million In line with guidance Product revenue US$42.9 million Completed final deliveries under a major U.S. order Mining revenue US$19.1 million Resilient production despite BTC/hashprice volatility BTC produced 257 BTC Continued mining output Crypto treasury 1,807.60 BTC / 3,951.53 ETH Record high treasury Installed mining computing power ~11 EH/s Up 10.7% QoQ All-in power cost ~US$0.04/kWh Competitive mining cost base G&A expense US$15.0 million Down 11% QoQ Subsequent customer cash collections ~US$42 million Liquidity improved after quarter-end ABC Projects 49% interest / ~4.4 EH/s operating hashrate West Texas energy-compute footprint Nordic hash-to-heat Project 8MW planned / 2MW in operation Sustainable compute infrastructure use case Total revenues were US$62.7 million, which was in line with the Company's previous guidance range.
