#Singapore #crypto mining #share buyback #Canaan Inc.

Canaan Inc. Revives Share Buyback Strategy Worth $30 Million

Canaan Inc. (NASDAQ: CAN), a pioneering player in the world of cryptocurrency mining, has taken a significant step forward by renewing its share buyback program. Announced on December 17, 2025, this initiative allows the company to buy back up to $30 million worth of its American depositary shares (ADSs) — a substantial commitment that underscores its confidence in long-term shareholder value and robust operational performance.

This new buyback program follows a previous initiative, which started on May 27, 2025, and allowed for the repurchase of up to the same amount within six months. Interestingly, during that period, Canaan successfully bought back 6,586,413 ADSs for about $4.9 million, despite the volatile nature of the crypto market. Between November 19 and November 27, just after announcing its unaudited financial results for the third quarter of 2025, Canaan managed to repurchase 1,505,314 ADSs for around $1.5 million.

Nangeng Zhang, the CEO and Chairman of Canaan, expressed optimism regarding the company's current market valuation, stating that it does not accurately reflect the strides made in enhancing business operations. He indicated that Canaan's valuation remains conservative compared to its Bitcoin mining peers, despite the company achieving positive operational results amidst a challenging economic environment.

The renewed share repurchase program will utilize existing cash reserves to fund the buybacks, adhering to compliance regulations under the Securities Exchange Act of 1934. Transactions may occur through various methods, including open market operations, block trades, or negotiated purchases.

Market conditions and other prevailing factors will dictate both the timing and the amount of ADSs purchased, ensuring that Canaan remains agile in managing its capital. As part of its long-term strategy, the company's management will periodically review the buyback program's terms and size.

Canaan's Strategic Vision

Founded in 2013, Canaan Inc. has established itself as an innovative leader in the design of high-performance ASIC chips pivotal for cryptocurrency mining. The brand Avalon, launched by Canaan, was the first of its kind to harness ASIC technology, paving the way for the company's dominance in the global bitcoin mining market, where it currently holds the second-largest market share.

The continuation of the share repurchase program not only signals Canaan's strong financial standing but also reflects a disciplined approach to capital allocation. This move aims to maximize shareholder value, ensuring that investors remain confident in the company's long-term growth trajectory.

Despite uncertainties in the cryptocurrency industry’s landscape, including fluctuating bitcoin prices and evolving regulations, Canaan Inc.'s leadership remains dedicated to enhancing product innovation and expanding customer engagement. In a diverse and competitive market, these efforts emphasize a commitment to operational excellence and technological advancement.

As global interest in cryptocurrencies continues to surge, Canaan Inc.'s strategic investments and proactive market initiatives position it well for future challenges and opportunities. Stakeholders can anticipate that the renewed buyback plan will serve as a foundational element in Canaan's ongoing evolution in the fast-paced realm of crypto mining.

For more information about Canaan Inc. and its offerings, visit Canaan's official website.