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Company Description

Canaan is a China-based computer hardware manufacturer. Established in 2013, Canaan specializes in Blockchain servers and ASIC manufacturing. Initially, Canaan mainly developed FPGA products based on the SHA-256 algorithm. After that, it released Avalon Blockchain ASIC. Canaan only produces SHA-256 based ASICs. They have worked with SMIC, Samsuing and TSMC in the past and are currently working with TSMC on the 5nm latest-gen rigs. Canaan also has a division that works on AI products. Canaan went public on NYSE in Nov-2019.

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