
Canaan Inc. (CAN) Stock Forecast & Price Target
Canaan Inc. (CAN) Analyst Ratings
Bulls say
Canaan Inc has demonstrated a 6.6% month-over-month growth in its Global Installed Power Capacity, highlighting the company's commitment to expanding its footprint in the cryptocurrency industry. The diversification of revenue streams through self-mining, which now contributes approximately 25% to the company's year-to-date revenues, showcases the successful strategic pivot beyond traditional rig sales, which still comprise around 75% of total revenue. Additionally, the rise in average selling prices (ASP) for Bitcoin mining machines to approximately $11.9/TH in 3Q25 suggests strong product demand, driving impressive sales figures and reflecting the company's ongoing adaptability in a fluctuating market.
Bears say
Canaan Inc faces a challenging outlook as its research and development capital expenditures are expected to decelerate, potentially hindering the advancement of more efficient mining rigs needed to remain competitive. The ongoing shift by U.S. miners towards high-performance computing (HPC) is anticipated to slow global hash rate growth, which may adversely affect demand for Bitcoin mining machines. Additionally, with the decline in Bitcoin prices leading to lower order volumes and a marked decrease in pricing for mining rigs, Canaan's future earnings and market share could be jeopardized if it fails to keep pace with technological advancements.
This aggregate rating is based on analysts' research of Canaan Inc. and is not a guaranteed prediction by Public.com or investment advice.
Canaan Inc. (CAN) Analyst Forecast & Price Prediction
Start investing in Canaan Inc. (CAN)
Order type
Buy in
Order amount
Est. shares
0 shares