Analysts Back Canaan Inc. (CAN) Amid BTC Expansion and New Facilities

Canaan Inc. (NASDAQ:CAN) is among the Best Get Rich Fast Stocks to Buy Right Now. As of December 24, Canaan Inc. (NASDAQ:CAN) has a statement ‘Buy’ oregon equivalent standing from 86% of the analysts covering the stock. With the median one-year terms people of $3, the banal has an upside imaginable of 281.19%.

On December 8, BTIG initiated sum connected Canaan Inc. (NASDAQ:CAN) with a ‘Buy’ standing and a terms people of $3, according to TheFly. This translates to an upside imaginable of implicit 280%. Since 2013, the institution has produced ASIC mining rigs and present markets its highly businesslike A16 model, portion besides operating a self-mining fleet crossed 8 planetary information centers and owning astir 1,600 BTC, the expert noted.

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Through its vertically integrated strategy, Canaan Inc. (NASDAQ:CAN) remains focused connected BTC self-mining expansion, wider rig-manufacturing marketplace share, and power-infrastructure access, BTIG concluded. The institution has a dual concern exemplary that not lone offers mining instrumentality to third-party operators but besides operates its ain mining fleet.

In the 3rd 4th of 2025, Canaan Inc. (NASDAQ:CAN) expanded its presumption successful manufacturing by establishing a Bitcoin rig accumulation installation successful California, frankincense enhancing its accumulation capabilities beyond its archetypal markets. Although the institution besides holds 4,000 Ethereum, its near-term strategy chiefly involves expanding Bitcoin self-mining capableness and increasing its stock successful rig manufacturing.

Canaan Inc. (NASDAQ:CAN) is simply a Singapore-based institution that engages successful bitcoin mining instrumentality sales, self-mining operations, and user mining products. Incorporated successful 2013, the institution besides assembles and distributes mining instrumentality and spare parts.

While we admit the imaginable of CAN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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