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Canaan

Canaan

Application-Specific Integrated Circuits Sold to Date

150 M

Q3, 2019

Revenue

¥5 B

FY, 2021

Market Capitalization

$544.1 M

2022-09-19

Canaan Summary

Company summary

Overview
Canaan (嘉楠) is a company that develops supercomputing chips and manufactures blockchain computing equipment. It primarily develops bitcoin mining machines incorporating ASIC technology.
Type
Public
Founded
2013
HQ
Beijing, CN | view all locations
Website
https://canaan.io/
Cybersecurity rating
Sectors

Key people

  • Nangeng Zhang

    Nangeng Zhang, Chairman and CEO

    • James Cheng, Chief Financial Officer

      • Lu Meng, Secretary to the Board

        Operating MetricsView all

        Average Cost per Thash

        ¥183
        18.3%

        H1, 2019

        Average Cost per Computing Unit Sold

        ¥2.8K
        8.3%

        H1, 2019

        Average Selling Price per Thash

        ¥72
        88.3%

        H1, 2019

        LocationsView all

        2 locations detected

        • Beijing, Bei Jing Shi HQ

          China

          Building 1, Yard 1, No. 81 Beiqing Road, Haidian District

        • Hangzhou, Zhejiang

          China

          Block A, China resources building, Jianggan district

        Canaan Financials

        Summary financials

        Revenue (Q1, 2022)
        ¥1.4B
        Gross profit (Q1, 2022)
        ¥829.8M
        Net income (Q1, 2022)
        ¥441.6M
        Cash (Q1, 2022)
        ¥2.6B
        EBIT (Q1, 2022)
        ¥578.7M
        Enterprise value
        ($2.1B)

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