Canaan Inc.

Canaan Inc. is a publicly listed ASIC chip design and Bitcoin mining hardware manufacturer, traded on Nasdaq under the ticker CAN. Founded in 2013 and headquartered in Singapore, with offices in China, North America, and Central Asia, the company is credited with shipping the world’s first batch of Bitcoin mining machines based on application-specific integrated circuit (ASIC) technology, under its Avalon brand.

Canaan designs, develops, and produces Bitcoin mining rigs that use the SHA-256 algorithm. Its current Avalon product lineup ranges from compact home-use units such as the Avalon Nano series to high-hashrate professional machines including the A15, A15 Pro, A1566, and A16 series, with liquid-cooled variants available for data center deployments. The company also offers services including joint mining, farm cooperation, and mining finance programs. Canaan sells equipment in more than 20 countries and regions globally.

In addition to mining hardware, Canaan conducts self-mining operations using its own equipment fleet. The company also develops AI computing chips, including its K510 chipset, as part of its broader high-performance computing strategy.