Canaan Inc. CAN

Company Overview

Canaan Inc. is a technology company primarily engaged in the design of application‑specific integrated circuit (ASIC) chips and the manufacturing of high‑performance computing hardware used for cryptocurrency mining. The company operates within the blockchain infrastructure, semiconductor design, and digital asset mining hardware industries, with revenue historically driven by sales of Bitcoin mining machines under its proprietary AvalonMiner brand.

Founded in 2013, Canaan is recognized as one of the earliest commercial developers of ASIC-based Bitcoin mining equipment. The company completed an initial public offering on the NASDAQ Global Market in 2019 under the ticker CAN, becoming one of the first pure‑play cryptocurrency mining hardware manufacturers listed in the United States. Over time, Canaan has expanded its focus from hardware sales to include self‑mining activities and research into advanced computing applications.