Key People/Management at Canaan

N.G. Zhang

N.G. Zhang

Founder & CEO

Canaan Office Locations

Canaan has an office in Hangzhou
Hangzhou, CN
Jianggan District
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Canaan Financials and Metrics

Canaan Revenue

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Canaan's revenue was reported to be ¥447.69 m in FY, 2020
CNY

Revenue (FY, 2020)

447.7m

Gross profit (FY, 2020)

37.8m

Gross profit margin (FY, 2020), %

8.4%

Net income (FY, 2020)

(215.1m)

EBIT (FY, 2020)

(253.9m)

Market capitalization (29-Jul-2021)

1.2b

Closing stock price (29-Jul-2021)

6.8

Cash (31-Dec-2020)

60.0m

EV

1.2b
Canaan's current market capitalization is $1.2 b.
Annual
CNYFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.3b2.7b204.3m447.7m

Revenue growth, %

107%

Cost of goods sold

703.7m2.2b278.5m409.9m

Gross profit

604.4m508.1m(74.1m)37.8m
Quarterly
CNYQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.1b878.5m480.5m47.2m241.5m670.6m

Cost of goods sold

282.7m1.2b431.7m46.8m230.8m524.4m

Gross profit

785.9m(338.2m)48.8m463.0k10.8m146.2m

Gross profit Margin, %

74%(39%)10%1%4%22%
CNYFY, 2017FY, 2018FY, 2019FY, 2020

Cash

176.5m258.9m74.2m60.0m

Accounts Receivable

1.3m23.7m2.9m7.1m

Prepaid Expenses

636.4m186.7m206.0m316.4m

Inventories

259.8m585.7m196.1m34.6m
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

375.8m122.4m(1.0b)(33.0m)

Depreciation and Amortization

9.1m13.1m

Inventories

(123.9m)(325.8m)53.0m(7.5m)

Accounts Payable

27.6m(3.2m)7.4m(61.6m)
CNYFY, 2017

Financial Leverage

1.4 x
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Canaan Operating Metrics

FY, 2017H1, 2018FY, 2018H1, 2019

Average Selling Price Per Unit

¥4.4 k¥7.16 k¥4.73 k¥1.1 k

Mining Machines Sales Volume (A7 series), set

294.52 k20.58 k20.58 k

Mining Machines Sales Volume (A8 series), set

245.74 k503.24 k212 k

Mining Machines Sales Volume, set

294.52 k266.31 k559.14 k253.35 k
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Canaan Acquisitions / Subsidiaries

Company NameDateDeal Size
Canaan Convey Co.
Canaan Creative Co
Canaan Creative (HK) Holdings Limited
Hangzhou Canaan Blockchain Technology Co.
Hangzhou Canaan Creative Information Technology Co.
Hangzhou Lifeng Intelligence Agriculture Co.
Hangzhou Ruihong Technology Co.
Langfang Creative Technology Co.
Zhejiang Avalon Technology Co.

Canaan Revenue Breakdown

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Canaan revenue breakdown by business segment: 99.8% from Products revenue and 0.2% from Other

Canaan revenue breakdown by geographic segment: 10.0% from Other foreign countries, 10.5% from United States of America, 76.1% from PRC and 3.4% from Other

Canaan Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Canaan Online and Social Media Presence

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Canaan News and Updates

Canaan Releases Self-developed Edge AI Chip, the Kendryte K510

BEIJING, July 8 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the release of the Kendryte K510 (the "K510"), an independently designed and developed RISC-V based edge AI chip, at the...

CAN FINAL DEADLINE TODAY: ROSEN, TRUSTED NATIONAL TRIAL COUNSEL, Encourages Canaan Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 14 Deadline in Securities Class Action – CAN

NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Canaan Inc. (NASDAQ: CAN) between February 10, 2021 and April 9, 2021, inclusive (the “Class Period”), of the important June 14, 2021 lead plaintiff deadline.

CANAAN 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuit Against Canaan Inc. - CAN

NEW ORLEANS, June 13, 2021 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until June 14, 2021 to file lead plaintiff applications in a securities class action lawsuit...

CAN DEADLINE MONDAY: Hagens Berman Encourages Canaan (CAN) Investors with Losses to Contact the Firm Before June 14th Deadline in Securities Fraud Lawsuit

SAN FRANCISCO, June 12, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Canaan Inc. (NASDAQ: CAN) investors with significant losses to submit your losses now. A securities class action has been filed and certain investors may have valuable claims.

Few Days Remaining for Investors with Losses Exceeding $250K to Actively Participate in Canaan Inc. (CAN) Class Action - Bronstein, Gewirtz & Grossman, LLC

NEW YORK, June 10, 2021 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Canaan Inc. ("Canaan" or "the Company") (NASDAQ: CAN) and certain of its officers, on behalf of shareholders who purchase…

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Canaan Inc. (CAN)

LOS ANGELES, June 8, 2021 /PRNewswire/ -- The Law Offices of Frank R. Cruz reminds investors of the upcoming June 14, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Canaan Inc. ("Canaan" or the "Company") (NASDAQ: CAN) American...
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Canaan Blogs

Bloomberg March 2021 Crypto Outlook Report: As Bitcoin’s growth trajectory continues, Canaan is well-positioned to benefit

Bloomberg’s report highlights bitcoin price consolidation is within the range of US$40,000 to US$60,000 with a greater likelihood of responsive buyers on the lower end of the range. Amid an increasingly favourably macroeconomic environment, optimism remains for bitcoin’s growth with its next price t…

Canaan Supplies 6,000 Bitcoin Miners to Leading Mining Operator Core Scientific

Canaan, a leading provider of supercomputing solutions, announced that it will be supplying 6,000 units of its A1246 model of AvalonMiners to Core Scientific, the leading digital mining operator in the United States. The next-generation A1246 AvalonMiners are expected to further cement Core Scientif…

Crypto Influencer VoskCoin, With Over 195k YouTube Subscribers, Reviews Canaan’s Next-Generation A1246 AvalonMiner

High Performance: The A1246 boasts hash rates of up to 90TH/s at roughly 3,400W — one of the fastest and most energy efficient in the industry.

US-based ASIC Mining Hardware Retailer Blokforge Reviews Canaan’s Next-Generation A1246 AvalonMiner

This week, US-based ASIC mining hardware retailer Blokforge received their shipments of the A1246 and took the time to review the machine’s performance in comparison to some of our previous models. As a SHA256 cryptocurrency miner, AvalonMiners are often used for bitcoin mining but can be used for o…

Five reasons to choose Avalon Miner

With five key advantages, Canaan builds the world’ […]

Canaan has signed an agreement for AvalonMiners with MineBest

Canaan has signed a purchase order for next-generation AvalonMiner machines with Technologically advanced infrastructure firm MineBest.
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Canaan Frequently Asked Questions

  • When was Canaan founded?

    Canaan was founded in 2013.

  • Who are Canaan key executives?

    Canaan's key executives are N.G. Zhang.

  • How many employees does Canaan have?

    Canaan has 297 employees.

  • What is Canaan revenue?

    Latest Canaan annual revenue is ¥447.7 m.

  • What is Canaan revenue per employee?

    Latest Canaan revenue per employee is ¥1.5 m.

  • Who are Canaan competitors?

    Competitors of Canaan include DEF Network, Hezong and Prodrive Technologies.

  • Where are Canaan offices?

    Canaan has an office in Hangzhou.

  • How many offices does Canaan have?

    Canaan has 2 offices.