Canaan Inc.Price

Research, production, and sales of Bitcoin mining machines: Canaan Technology is a globally renowned Bitcoin mining machine manufacturer that places great emphasis on technological research and innovation, dedicated to creating high-performance, low-energy consumption mining machine products. A significant amount of resources is invested in chip research and development, with its developed ASIC chips applied in Bitcoin mining machines, playing a key role in enhancing mining machine computing power and reducing energy consumption. The launched Avalon series mining machines, with advanced chip technology and design processes, possess strong competitiveness in the market, attracting numerous miners worldwide to purchase. The company has established a global sales network, with products sold to multiple countries and regions including the United States, Australia, Kazakhstan, Canada, Indonesia, mainland China, Malaysia, Thailand, Cyprus, and more. Self-operated mining business: Actively layout self-operated mining business, constructing and operating mining farms in multiple locations around the world. By investing in self-owned mining machines and utilizing local power resources for Bitcoin mining, the mined Bitcoins are sold in the market for profit. The company conducts in-depth analysis of factors such as electricity costs and policy environments in various regions globally, reasonably selecting locations to build mining farms in order to reduce mining costs and enhance mining profits. Consumer-oriented mining products and services: In addition to selling mining machines and operating self-mining businesses aimed at professional miners, we also launched mining products and services for ordinary consumers, lowering the threshold for consumer participation in Bitcoin mining. For example, we offer cloud computing power services, allowing consumers to participate in Bitcoin mining by purchasing cloud computing power packages, without the need to buy mining machines, set up mining farms, or perform professional operations and maintenance. Previously involved in the AI chip business (now terminated): Strategic layout was made in the AI chip field, attempting to explore new business growth points. On September 6, 2018, the world's first mass-produced commercial edge intelligent computing chip based on RISC-V, the K210, was launched with independent design and research and development. On March 3, 2023, the world's first commercial mass-produced chip supporting the RISC-V Vector 1.0 standard, the K230, was announced. However, the AI chip business unit did not align with the company's streamlined growth strategy, and by 2024, AI-related business revenue was only about $900,000, accounting for a negligible proportion, while operating expenses accounted for 15% of the entire company. Therefore, on June 23, 2025, Canaan Creative announced the initiation of a strategic restructuring, terminating the non-core AI chip business unit, with the relevant termination procedures expected to be completed in the coming months.

Mining machine sales revenue: The main source of income is obtained through the research and development, production, and global market sales of Bitcoin mining machines. As new mining machines continue to iterate and upgrade, optimizing performance and attracting more miners to purchase, sales revenue grows. For example, when the company launches new models of mining machines with higher computing power and lower energy consumption in the mining machine market, it often experiences a sales peak, increasing revenue. Self-operated mining revenue: The company leverages its self-operated mining farms with a global layout, utilizing its own mining machines and power resources to mine Bitcoin. The price fluctuations of Bitcoin significantly impact this portion of profit; during periods of rising Bitcoin prices, the mined Bitcoin can be sold on the market for higher profits. The company will flexibly adjust its self-operated mining strategy based on factors such as Bitcoin price trends and changes in mining difficulty to maximize revenue. Cloud computing service revenue: Providing cloud computing services to consumers and charging users based on computing power package prices, usage duration, and other factors. With the development of the cryptocurrency market, more and more ordinary investors are showing interest in cloud computing services, leading to a continuous increase in revenue from this business, making it one of the stable sources of profit. There was revenue from the AI chip business (now terminated): During the period when the AI chip business was operational, revenue was generated through the sale of AI chips and related products, as well as providing technical services. However, this portion of revenue accounted for a very small percentage of the company's overall revenue.

Mining machine sales: not only bring direct and significant sales revenue to the company, but also enhance the company's visibility and brand influence in the cryptocurrency mining industry by continuously launching high-performance mining machines, attracting more customers to pay attention to the company's other businesses, such as self-operated mining, cloud computing services, etc. Self-operated mining: It is an important way for the company to acquire Bitcoin assets and achieve profitability. During the rising cycle of Bitcoin prices, it can significantly enhance the company's profits and strengthen its voice and competitiveness in the cryptocurrency market. At the same time, large-scale self-operated mining helps the company gain a deeper understanding of the dynamics of the mining industry, including changes in computing power and fluctuations in electricity costs, providing experience and data support for optimizing other businesses. Cloud computing power services: Lower the threshold for investors to participate in Bitcoin mining, attracting a large number of ordinary users, greatly expanding the company's user base and market share, and enhancing brand influence. Continuous revenue growth provides the company with stable cash flow for business expansion, technological research and development, and global layout. There was an AI chip business (now terminated): Although this business was ultimately terminated due to misalignment with strategy and poor returns, during its operation, it somewhat promoted the enhancement of the company's technological research and development capabilities, expanded the company's business boundaries, and explored attempts for the company's diversified development.

The business of Canaan Technology mainly revolves around Bitcoin (BTC), having a multifaceted impact on BTC: Hash Power Contribution: The company produces and sells a large number of Bitcoin mining machines that are put into the market, continuously aggregating hash power, which positively contributes to the overall hash power growth of the global Bitcoin network, enhancing the security and stability of the Bitcoin network. Many miners use Canaan Technology mining machines for mining, improving the entire network's transaction processing capability. Market Supply: By self-mining to produce Bitcoin and providing cloud computing services to help customers generate Bitcoin, the supply of Bitcoin in the market has increased, thereby affecting the supply and demand relationship of the Bitcoin market. The amount of Bitcoin produced by the company is influenced by various factors such as Bitcoin price, computing power scale, and electricity costs. Changes in these factors can indirectly affect the price trend of the Bitcoin market. For example, when the price of Bitcoin rises, the company may increase its investment in self-mining to boost Bitcoin production; conversely, it may adjust its strategy if the price falls. Industry Impact: As a well-known company in the industry, its initiatives in mining machine research and development technology innovation (such as chip development) and business model exploration (such as its previous involvement in AI chip business) may inspire other companies in the industry to follow suit, promoting technological upgrades and diversified development across the entire Bitcoin mining industry, thereby impacting the Bitcoin ecosystem on a macro level. For example, if Canaan Technology achieves breakthroughs in reducing the energy consumption ratio of mining machines, it may encourage other mining machine manufacturers to follow up with research and development, enhancing the overall energy utilization efficiency of the industry.