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Crypto Mining Hardware (Bitcoin ASICs)

All research in Crypto Mining Hardware (Bitcoin ASICs) — 1 reports.

26/100 Avoid Canaan Inc. — Zen Horizon Framework Deep Dive Canaan is the bottom-ranked member of Bitcoin mining ASIC's "big three" — yet the only pure-play that is publicly listed. It is no longer an "AI chip" story (the Kendryte line was shut down in June 2025, having contributed only USD 0.9 million of revenue in FY2024 while consuming roughly 15% of opex). Today it is purely a leveraged-long-Bitcoin, cash-burning, listing-survival-betting high-beta speculative instrument. Rating Avoid: a bad business plus high speculation plus survival risk, with no margin of safety at the current price. Canaan Inc.CAN · USCrypto Mining Hardware (Bitcoin ASICs)Jun 8, 2026