Update shared on 21 Nov 2025
Analysts have lowered their price target for Canaan to $2.98 per share, citing a reduced outlook for revenue growth and profit margins. This comes despite a modest improvement in the discount rate estimate.
What's in the News
- Canaan launched the Avalon A16 series, its latest bitcoin mining machine, delivering 300 terahash per second and improved energy efficiency. Global pre-orders are now open. (Company Announcement)
- The company signed a 4.5-megawatt sales contract to deploy hydro-cooled mining servers in Japan. This enables real-time grid balancing and aligns with the country's advancing digital-asset reforms. (Company Announcement)
- Canaan completed follow-on equity offerings totaling nearly $80 million, increasing financial flexibility. (Company Filings)
- Canaan announced a pilot mining project in Alberta, Canada, that utilizes stranded natural gas to power high-density computing and reduce CO2 emissions. (Company Announcement)
- Soluna Holdings and Canaan formed a strategic hosting agreement to deploy 20MW of bitcoin miners in Texas, further expanding Canaan’s North American mining presence. (Company Announcement)
Valuation Changes
- Consensus Analyst Price Target remains nearly unchanged at $2.98 per share.
- The discount rate declined slightly from 8.00% to 7.95%.
- Revenue growth expectations fell significantly from 43.7% to 34.3%.
- Net profit margin projections dropped from 5.64% to 4.04%.
- The future P/E ratio is now notably higher, increasing from 37.2x to 57.6x.
Disclaimer
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