Next Generation ASICs Will Drive Global Blockchain Expansion

AN

AnalystHighTarget

Not Invested

Community Contributor

Published

22 Aug 25

Updated

02 Jun 26

Views

175

02 Jun

US$0.32

AnalystHighTarget's Fair Value

US$3.00

89.3% undervalued

1Y

-51.9%

7D

-10.6%

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1Y

-51.9%

7D

-10.6%

You can edit this narrative until Jun 3 3:05 PM. Then, changes will post as Updates.

Author's Valuation

US$389.3% undervalued

AnalystHighTarget Fair Value

Shared on 02 Jun 26

Fair value Increased 0.25%

CAN: Hash To Heat Expansion Will Support Future Upside Potential

Canaan’s results and near-term outlook come in weaker than expected, but it lands a deal that turns Bitcoin mining into heat for homes in a Nordic district heating network. The company also keeps adding to its in-house crypto holdings, which could matter if this energy-linked approach scales.

16 views

Shared on 01 Apr 26

CAN: Bitcoin Mining Expansion And Heat Recovery Project Will Support Future Upside Potential

Analysts have nudged their price target for Canaan slightly lower to $2.99, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News Canaan reported unaudited production results for February 2026, with 86 Bitcoins mined for the month.

7 views

Shared on 17 Mar 26

CAN: Bitcoin Mining Output And Heat Recovery Project Will Support Future Upside Potential

Analysts have adjusted their price target on Canaan, citing updates to fair value estimates around $2.99, a discount rate of about 8.42%, revenue growth expectations near 31.39%, profit margin assumptions of roughly 6.09%, and a forward P/E of about 42.25x as the key drivers of the change. What's in the News Canaan reported unaudited production results for February 2026, with 86 Bitcoins mined for the month.

13 views

Shared on 03 Mar 26

Fair value Decreased 25%

CAN: Bitcoin Mining And Buyback Activity Will Underpin Future Upside Potential

Analysts have reduced their fair value estimate for Canaan from $4.00 to about $2.99, citing updated assumptions for revenue growth, profit margins, the discount rate, and a much higher assumed future P/E of roughly 62x compared with about 6x previously. What's in the News Canaan reported unaudited production results for January 2026, with 83 Bitcoins mined for the month.

10 views

Valuator

Company Info

Notes

AnalystHighTarget Fair Value

US$3

89.3% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Est. Revenue

$

Forecast revenue growth rate

13.32%

Historical revenue growth rate

-10.11%

Tech Hardware revenue growth rate

0.56%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.87%

Calculation

US$49.52m

Earnings '29

x

70.89x

PE Ratio '29

=

US$3.51b

Market Cap '29

US$3.51b

Market Cap '29

/

912.47m

No. shares '29

=

US$3.85

Share Price '29

US$3.85 Share Price '29

Discounted to 2026 @ 8.66% p.a.

=

US$3.00

Fair Value '26