Canaan Co
Canaan Co., a leading player in the blockchain technology sector, is headquartered in the United States and operates extensively across Asia and Europe. Founded in 2013, the company has established itself as a pioneer in the cryptocurrency mining industry, particularly known for its innovative ASIC (Application-Specific Integrated Circuit) miners. Canaan's flagship products, including the AvalonMiner series, are distinguished by their high efficiency and performance, catering to both individual miners and large-scale operations. With a commitment to advancing blockchain technology, Canaan has achieved significant milestones, including being one of the first companies to go public in the sector. Recognised for its technological advancements and robust market position, Canaan Co. continues to shape the future of cryptocurrency mining, making it a notable name in the industry.
DitchCarbon Score
How does Canaan Co's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Food Product Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Canaan Co's score of 13 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canaan Co's reported carbon emissions
Canaan Co, headquartered in the US, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the company. This lack of data suggests that Canaan Co may not have established formal commitments to reduce its carbon footprint or may not publicly disclose such information. In the context of the industry, many companies are increasingly adopting science-based targets and sustainability initiatives to address climate change. However, without specific emissions data or commitments, it is unclear how Canaan Co aligns with these industry standards. As the global focus on climate action intensifies, it will be essential for Canaan Co to consider developing and communicating its climate strategy to enhance transparency and accountability in its environmental impact.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Canaan Co is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
