Canaan Inc is riding October's BTC rally and a blockbuster US order, even as Nasdaq timing fuels investor chatter. The October–November cycle tends to lift BTC miners, and CAN’s business tracks that seasonal mood while BTC itself dances with the calendar. [1]
Seasonal Oct–Nov BTC spike BTC often climbs in Oct–Nov, and Canaan Inc’s mining and machine-selling operations tend to ride that wave. The pattern stretches into December and January, giving CAN’s revenue cadence a seasonal boost as BTC peaks align with sales activity. [1]
Big US order and revenue potential CAN just landed its largest US order in 3 years: 50,000 Avalon Pro mining rigs at about $3,000 each, roughly $150 million in revenue from one deal. The order is expected to flow through in Q4 2025, a sizable one-quarter lift to top-line color. [1][2] They also host active mining, reportedly holding roughly 1,500 BTC and mining around 100 BTC per month, a detail cited in discussions around the unit’s upside. [2]
Nasdaq status and investor mood The stock’s NAQ status has investors weighing timing and compliance, with CAN described as being on day 3 of 10 above $1 to stay listed. The mood around Nasdaq status adds a mixed undertone to the rally. [1]
The 'little miner that could' contrast In a different framing, the “little miner that could” narrative from the WSB thread spotlights individual bets and fast payoffs, contrasting CAN’s big-order, season-driven narrative with smaller, personal wins. That contrast shows how scale, timing, and public perception shape CAN’s story. [2]
Closing thought: watch Q4 2025 flows and BTC price action for the next leg of CAN’s narrative.
References
$CAN - the stock that spikes each Oct - Nov
Discussion highlights Canaan Inc's bitcoin mining business, large US order, seasonal price spikes, Nasdaq status, and mixed investor sentiment prospects.
View source$Can - The little miner that could
CAN (Canaan) BTC miner; 50k Avalon rigs order; holds BTC; profits; mixed sentiment.
View source