Professional
Added to YB: 2025-10-31
Pitch date: 2025-10-14
CAN [neutral]
Canaan Inc.
-58.6%
current return
Author Info
Macro Ops provides high signal investment research for serious investors. Visit the website.
Company Info
Canaan Inc. engages in the research and development, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People’s Republic of China.
Market Cap
$680.1M
Pitch Price
$2.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
-4.92
P/E
-1.75
EV/Sales
1.91
Sector
Technology Hardware, Storage and Peripherals
Category
N/A
Macro Ops Portfolio Holding: Canaan Inc.
CAN (holding update): Bitcoin mining chip company with negative gross margins but strong technical setup - rectangle base breakout above 50D/200D MA in bull quiet regime. Positioned for potential moon if BTC breaks $125k despite poor fundamentals. Pure technical play on crypto momentum.
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