Update shared on15 Aug 2025
With consensus estimates for Canaan’s future P/E and net profit margin holding steady, analyst fair value estimates remain unchanged at $2.43.
What's in the News
- Canaan withdrew its full-year 2025 revenue guidance due to new U.S. tariffs impacting the bitcoin mining industry, but provided Q2 and Q3 revenue guidance of approximately $100 million and $125–$145 million, respectively.
- The company reported Bitcoin mining production of 109 in May, 88 in June, and 89 in July.
- Canaan is discontinuing its non-core AI semiconductor business to focus on bitcoin mining equipment and operations, expecting a significant reduction in operating expenses.
- The company received new purchase orders for immersion-cooling Avalon A1566I miners from CleanSpark and signed a supply agreement with Cipher Mining for approximately 6,840 Avalon A15Pro miners.
- Canaan initiated a $30 million share repurchase program funded from its cash balance, valid for six months.
Valuation Changes
Summary of Valuation Changes for Canaan
- The Consensus Analyst Price Target remained effectively unchanged, at $2.43.
- The Future P/E for Canaan remained effectively unchanged, moving only marginally from 23.83x to 23.84x.
- The Net Profit Margin for Canaan remained effectively unchanged, at 6.18%.
Disclaimer
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