OverviewSuggest Edit

Canaan is a company that develops supercomputing chips and manufactures blockchain computing equipment. It primarily develops bitcoin mining machines incorporating ASIC technology.

TypePublic
Founded2013
HQBeijing, CN
Websitecanaan.io

Latest Updates

Employees (est.) (Sept 2019)297
Revenue (FY, 2018)¥2.7 B(+107%)
Share Price (Feb 2020)$6.8 (+3%)

Key People/Management at Canaan

N.G. Zhang

N.G. Zhang

Founder & CEO

Canaan Office Locations

Canaan has an office in Beijing
Beijing, CN (HQ)
1-2 floor QianFang Science Building C, ZPark 27
Show all (1)

Canaan Financials and Metrics

Canaan Revenue

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View revenue for all periods
Canaan's revenue was reported to be ¥2.71 b in FY, 2018 which is a 106.8% increase from the previous period.
CNY

Revenue (Q3, 2019)

670.6m

Gross profit (Q3, 2019)

146.2m

Gross profit margin (Q3, 2019), %

21.8%

Net income (Q3, 2019)

94.6m

Market capitalization (14-Feb-2020)

911.1m

Closing stock price (14-Feb-2020)

6.8

Cash (31-Dec-2018)

258.9m

EV

1.7b
Canaan's current market capitalization is $911.1 m.
Annual
CNYFY, 2017FY, 2018

Revenue

1.3b2.7b

Revenue growth, %

107%

Cost of goods sold

703.7m2.2b

Gross profit

604.4m508.1m
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, 2018

Cash

176.5m258.9m

Accounts Receivable

1.3m23.7m

Prepaid Expenses

636.4m186.7m

Inventories

259.8m585.7m
USDFY, 2017FY, 2018

Net Income

375.8m122.4m

Depreciation and Amortization

9.1m13.1m

Inventories

(123.9m)(325.8m)

Accounts Payable

27.6m(3.2m)
CNYY, 2019

Revenue/Employee

2.3m
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Canaan Operating Metrics

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

Average Selling Price Per Unit

¥4.40 k¥7.16 k¥4.73 k¥1.10 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 Online and Social Media Presence

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Canaan News and Updates

China’s bitcoin miner Canaan Creative files for $400 million IPO on Nasdaq

Canaan Creative, one of China's biggest bitcoin mining hardware makers, filed to publicly list on the Nasdaq on Monday to raise $400 million, marking at least its third attempt to do so after previous failed tries in mainland China and Hong Kong.

Canaan Creative is getting to ready to launch the largest crypto IPO yet

Bitcoin-mining equipment has proven to be extremely lucrative for China-based manufacturer Canaan Creative, which is looking to raise $1 billion for its IPO.

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 ¥2.7 b.

  • What is Canaan revenue per employee?

    Latest Canaan revenue per employee is ¥9.1 m.

  • Who are Canaan competitors?

    Competitors of Canaan include BCB Blockchain, Upvest and Smart Contract.

  • Where is Canaan headquarters?

    Canaan headquarters is located at 1-2 floor QianFang Science Building C, ZPark 27, Beijing.

  • Where are Canaan offices?

    Canaan has an office in Beijing.

  • How many offices does Canaan have?

    Canaan has 1 office.