Canaan Inc Share Price

"Canaan Inc. is a computer hardware manufacturer and a leading provider of supercomputing solutions. While mitigating today’s computing hardware limitations, Canaan Inc. stands out with its superior cost efficiencies and high-level performance. Founded by Nangeng Zhang in 2013, the company is currently headquartered in Beijing, China. It was established as Canaan Creative while N.G. Zhang was studying medicine. In 2016, Canaan executed a reverse takeover of Shandong Luyitong, which is a public company listed on Shenzhen Stock Exchange for USD 466 million. Further in 2019, Canaan raised USD 90 million from its initial public offering in the U.S. stock market. It got listed on NASDAQ. The world’s first ASIC-powered bitcoin machine was built by Canaan Inc. in 2013 that paved the way for the bitcoin mining sector, which is computationally advanced. The company is actively involved in the research and designing of Integrated Circuits (IC) final system products and integrating the same with bitcoin mining and related components. Apart from this, the company assembles system products along with its supply chain and distribution. It focuses on the development of advanced technology including Artificial Intelligence. With AI chips as a base, Canaan has been successful in developing an intellectual value chain. Canaan also offers complete AI service solutions along with an option to tailor them according to the needs of the clients. The areas include AI algorithms, chip integration, AI architectures, AI chips, and systems on a chip. Currently Canaan Inc has a market cap of $0.39 Billion. It has a P.E ratio of 0.00. The shares of Canaan Inc are trading at {current share price in dollars (in INR)}."