Canaan Inc. specializes in the design of high-performance ASIC chips and the manufacture of Avalon-branded Bitcoin mining machines and related computing equipment. It pioneered commercial ASIC-based Bitcoin mining hardware in 2013 and supplies mining hardware to customers worldwide while also conducting its own mining operations. The company also offers associated software services.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 100.2 | — | -11.1 | — |
| Q3 2025 | 150.5 | — | -27.7 | — |
| Q4 2025 | 196.3 | — | -85 | — |
| Q1 2026 | 62.7 | — | -88.8 | — |
| Q2 2026 | 31.9 | -68.2% | -97.6 | — |
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