Canaan Inc. (CAN) Focused on High-Performance Computing Opportunities amid Stable BTC Business

Canaan Inc. (NASDAQ:CAN) is one of the champion cryptocurrency and blockchain stocks to bargain now. On January 14, Canaan Inc. (NASDAQ:CAN) announced beardown maturation successful its mining operations, reporting a 61% year-over-year summation successful operating hashrate and an 82% leap successful installed hashrate, reaching 9.91 EH/s. The institution mined 86 BTC successful December and closed 2025 with grounds crypto holdings of 1,750 BTC and 3,951 ETH.

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Canaan besides expanded its planetary powerfulness capableness to much than 250 MW crossed 9 projects, improved miner ratio to 24.3 J/TH, renewed a $30 cardinal stock buyback program, and launched a 3 MW heat-recovery inaugural successful Canada. However, contempt outperforming the Bitcoin network’s 34% hashrate growth, the institution continues to look fiscal pressure, with a antagonistic 58% escaped currency travel output and its banal down 52% implicit the past year.

On January 6, Canaan Inc. (NASDAQ:CAN) unveiled a 3.0 MW proof-of-concept programme with Bitforest Investment Ltd, designed to retrieve vigor from an Avalon Computing system. The companies program to usage the recovered vigor arsenic a supplemental root for greenhouse operations.

On December 8, BTIG initiated sum of Canaan with a Buy standing and $3 terms target, noting the company’s agelong past of producing ASIC mining rigs, including the businesslike A16 model. Canaan besides operates a self‑mining fleet crossed 8 planetary information centers with holdings of astir 1,600 BTC, and is focused connected expanding self‑mining, expanding rig marketplace share, and securing powerfulness infrastructure arsenic portion of its vertically integrated strategy.

Canaan Inc. (NASDAQ:CAN) is simply a exertion institution specializing successful ASIC supercomputing chips, chiefly known for designing and manufacturing Bitcoin mining machines (under the Avalon brand) and for providing related software, services, and borderline computing solutions, with a absorption connected integrating efficient, often green, computing into applications specified arsenic information centers and energy.

While we admit the imaginable of CAN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.