Canaan Inc.

Designs high-performance ASIC chips and hardware for the Bitcoin mining industry.

CAN | NDAQ

Overview

Corporate Details

ISIN(s):: US1347481020
LEI:
Country:: United States of America
Address:: 28 AYER RAJAH CRESCENT, 139959 SINGAPORE
Website:: https://www.canaan.io/
Sector:: Manufacturing
Industry:: Manufacture of computers and peripheral equipment

Description

Established in 2013, Canaan Inc. is a technology company specializing in high-performance computing solutions. The company is a leading provider focused on the research, development, and design of Application-Specific Integrated Circuit (ASIC) chips, primarily for cryptocurrency mining. Canaan is a prominent manufacturer of Bitcoin mining hardware, notably the Avalon miner series, and is recognized for its pioneering role in the industry. Its business model includes the sale and leasing of mining equipment, integrated circuits, and blockchain servers, as well as direct engagement in self-mining operations. The company is distinguished by providing supercomputing solutions with superior performance and cost-efficiency, recently shifting its strategy to focus more intensely on its Bitcoin-related ventures.

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