Canaan Inc. (NASDAQ: CAN) is a Beijing-based technology company specializing in the design and manufacture of high-performance computing hardware for blockchain and artificial intelligence applications. The company is best known for its Avalon series of ASIC (application-specific integrated circuit) miners, which are used primarily in Bitcoin mining operations around the world. Canaan also provides turnkey solutions for data centers, encompassing system integration, maintenance services and optimized power management.
Founded in 2013, Canaan was one of the first companies to bring ASIC mining technology to market, helping to drive efficiency gains in the cryptocurrency space. Over time, the company has expanded its product portfolio to include next-generation mining rigs that incorporate advanced cooling systems, energy-saving features and remote management tools. In addition, Canaan has invested in research and development to explore AI-accelerated computing platforms, reflecting a strategic move to diversify beyond pure blockchain mining.
Canaan serves a global customer base, with sales operations spanning Asia, North America, Europe and South America. Its mining machines are distributed through direct sales channels, authorized resellers and strategic partnerships with data center operators. The company supports an international network of service centers to provide maintenance, firmware updates and technical support, ensuring high uptime and operational reliability for its clients.
The leadership team at Canaan is headed by Chairman and CEO Mr. Nangeng Zhang, who co-founded the company and has steered its growth through successive ASIC product generations. Mr. Zhang is supported by a team of veteran engineers and executives with backgrounds in integrated circuit design, software development and large-scale manufacturing. Under their guidance, Canaan continues to innovate in high-performance computing while exploring new applications in artificial intelligence, edge computing and blockchain infrastructure.
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