Canaan Inc.

Canaan Inc. is a cutting-edge technology company that specializes in designing and producing high-performance computer chips and hardware solutions primarily for the global blockchain industry. The company was established in 2013 and has its headquarters in Hangzhou, China, where it also has a large manufacturing facility.

Canaan is considered significant in the blockchain industry as it is among the world's leading makers of application-specific integrated circuit (ASIC) chips, which are capable of handling the complex algorithms used in mining cryptocurrencies such as Bitcoin and Ethereum. The company's products have gained a global reputation for their efficiency and reliability, which has helped them attract a large customer base from around the world.

Canaan went public in 2019 through an IPO on the NASDAQ exchange, raising around $90 million in the process. The successful IPO was a big milestone for the company, as it was expected to boost its revenue-generating capabilities, broaden its technological capabilities, and expand its products reach. The company has continued to innovate, leading to the development of intelligent hardware products for use in artificial intelligence and autonomous driving. This diversification strategy is expected to help the company stay ahead of the competition in the industry.

Founded: 2013
Headquarters: Hangzhou, China

Website: https://www.canaan.io/