Canaan Inc. (NASDAQ: CAN) Surges 8.89% on Major U.S. Bitcoin Miner Order, Hits 2025 High

Canaan Inc. (NASDAQ: CAN) surged 8.89% on October 15, 2025, marking its highest level since October 2025, with an intraday gain of 13.89%. The stock has risen 79.82% over three consecutive sessions, driven by renewed institutional demand for its Avalon A15 mining hardware following a major order from a U.S. bitcoin miner. This contract underscores the company’s ability to secure high-impact deals amid growing institutional interest in energy-efficient crypto infrastructure.

Financial resilience has further bolstered investor confidence. Canaan reported a 36.7% pretax profit margin and a 30.5% return on equity, highlighting its operational efficiency despite multi-year revenue declines. The company’s enterprise value of $250M and asset base of $463M reflect a balanced capital structure, with a leverage ratio of 1.7 indicating prudent debt management. These metrics position Canaan as a value-oriented play in a volatile sector.

Strategic partnerships and sustainability initiatives are reshaping its growth narrative. Collaborations with Aurora and energy firms, including a Texas wind mining deal, align with global sustainability trends. By converting gas emissions into computing power, Canaan reduces its environmental footprint while opening new revenue streams. These efforts have attracted environmentally conscious investors and reinforced its ESG profile in a sector under energy consumption scrutiny.

Unaudited updates on Bitcoin mining efficiency and next-gen hardware development, such as the Avalon A15, have amplified investor optimism. Improved hash rates and energy efficiency directly enhance profitability, offering a competitive edge in a sector prioritizing cost optimization. The company’s ability to adapt to evolving market demands has drawn both short-term traders and long-term investors seeking exposure to crypto infrastructure.

While short-term risks like increased short interest and a securities class action investigation persist, Canaan’s focus on innovation and sustainability may mitigate concerns. Leadership has outlined a transformative 2026 roadmap, emphasizing technology investments and energy-efficient solutions. As the sector matures, the company’s ability to balance innovation with financial prudence will be critical in sustaining its momentum.