Is Canaan (CAN) the Most Overlooked Name Among the Best Ethereum Stocks to Buy Now?

Canaan held 1,750 BTC and 3,951 ETH astatine year-end 2025. This grew to 1,793 BTC aft February’s accumulation of 86 BTC, and added different 15 BTC nett successful March to scope the caller record.

On the infrastructure side, Canaan’s planetary installed powerfulness capableness reached 266.3 MW for non-joint task operations. The institution said this was supplemented by an further 120 MW from the associated ventures successful West Texas, which dwell of assets acquired from Cipher Mining Inc. (NASDAQ:CIFR) successful February 2026 for astir $39.75 million.

Those West Texas associated ventures, collectively called the ABC Projects, lend astir 4.4 EH/s of operational hashrate to Canaan’s network. When combined with the company’s non-JV operations, the full deployed hashrate stood astatine 10.97 EH/s astatine month-end. The operating hashrate for non-JV facilities reached 6.89 EH/s.

Canaan present operates 13 progressive mining projects globally, with 11.29 EH/s of energized computing powerfulness and 15.37 EH/s of installed computing power.

Canaan Inc. (NASDAQ:CAN) is simply a exertion institution that designs and manufactures ASIC chips and mining instrumentality utilized successful blockchain networks. Its halfway concern is tied to Bitcoin mining hardware, but the institution besides holds Ethereum connected its equilibrium expanse and acquires ETH arsenic portion of its broader cryptocurrency operations.

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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