Canaan Inc. - ADR (35J)

Profile

https://investor.canaan-creative.com

Canaan Inc. is a technology company specializing in the design, development, and sale of high-performance ASIC integrated circuits and Bitcoin mining equipment. Its flagship Avalon series miners, including models like the A16, A15Pro, and A16XP, deliver advanced hashing power for cryptocurrency mining operations. The company also provides comprehensive mining solutions such as Avalon Box immersion, air, and hydro cooling systems, alongside home mining products like AvalonQ, Nano 3S, and Mini 3 for retail users. Canaan Inc. engages in proprietary Bitcoin mining, holds significant Bitcoin treasury reserves, and leases mining rigs to customers worldwide. It assembles and distributes mining equipment, spare parts, and edge computing chips, operating across diverse regions including the United States, Mainland China, Singapore, Canada, and others. Founded in 2013 and headquartered in Singapore, Canaan Inc. plays a pivotal role in the Bitcoin mining ecosystem by innovating hardware that enhances network security and efficiency.