Canaan (NASDAQ: CAN) Soars Over 20% as Q3 2025 Revenue Doubles and Bitcoin Mining Expansion Accelerates
Canaan Inc. (NASDAQ: CAN), the Singapore‑based bitcoin mining hardware maker, is back in the spotlight after reporting a blockbuster third quarter and triggering a sharp rally in its shares, even as the broader crypto market stumbles. By midday on Wednesday, Canaan’s stock was trading around $1.03, up roughly 22% from the previous close, giving the company a market value of about $475 million. AInvest The move caps a two‑day surge sparked by Q3 2025 revenue of $150.5 million, more than double last year’s level and well ahead of Wall Street expectations, powered by booming demand for bitcoin mining machines and