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Public Companies

Canaan

🇺🇸 United StatesCANNASDAQ

Cryptocurrency Portfolio

2 tokens • $124.00M
Primary
BTC icon
BTC
1,826
$116.65M
94.1%
of portfolio
ETH icon
ETH
3,952
$7.35M
5.9%
of portfolio

Key Metrics

Market Cap
$201.5M
mNAV
1.73×
Volume (30d)
$505.5M

About Canaan

Canaan Inc. is a Nasdaq-listed company that primarily manufactures bitcoin mining hardware. It is well-known for its development of ASIC (Application-Specific Integrated Circuit) mining hardware, particularly under the Avalon brand. Canaan was founded in 2013 and is based in Hangzhou, China.

The company has been actively involved in various initiatives to enhance its operations and expand its market presence. Recently, Canaan launched a pilot project in Calgary, Alberta, to convert flared natural gas into electricity for high-density computing, including bitcoin mining and AI workloads. This project aligns with a broader trend of repurposing bitcoin infrastructure for AI and other advanced computing needs.

Canaan has also been securing large orders for its mining equipment, such as a significant purchase order of more than 50,000 units of its Avalon A15 Pro mining machines from a U.S.-based bitcoin miner. The company's focus includes bolstering its bitcoin mining machine sales, self-mining operations, and consumer mining products.

Despite past financial challenges, including a net loss in recent years, Canaan has continued to innovate and expand its offerings. It has also been involved in strategic partnerships and raised capital to enhance its research and development capabilities and expand production scale.

As of July 2026, it held 1,826 BTC valued at $116.6M and a total crypto portfolio worth $124.0M.

Canaan — BTC Holdings Over Time

05001K2KSep 2023Dec 2023Mar 2024Jun 2024Aug 2024Nov 2024Feb 2025May 2025Jan 2026May 2026

Historical Performance

Market Cap History

$184.6M$463.6M$742.7M$1.0B$1.3BJul 17, 2025Aug 28, 2025Oct 31, 2025Jan 7, 2026Mar 13, 2026May 18, 2026

NAV History

$124.6M$144.7M$164.8M$184.8M$204.9MJul 17, 2025Jul 21, 2025Jul 25, 2025Jul 30, 2025Aug 6, 2025Oct 10, 2025