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Canaan Inc.
Communication Equipment ManufacturingSingaporeNASDAQ: CAN
Last verified 1 year agocanaan-creative.com
Canaan Inc., a prominent player in the blockchain technology sector, is headquartered in Singapore (SG) and operates extensively across Asia and North America. Founded in 2013, the company has established itself as a leader in the cryptocurrency mining industry, particularly known for its innovative ASIC (Application-Specific Integrated Circuit) mining hardware.
Canaan's flagship product, the AvalonMiner series, is distinguished by its 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 cryptocurrency space. As a result, Canaan Inc. has solidified its market position, recognised for its technological advancements and contributions to the evolving landscape of digital currencies.
18
DitchCarbon score
-19 vs industry average
Canaan Inc.’s score of 18 is lower than 36% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Communication Equipment Manufacturing has below-average carbon intensity
Industry performance
0.274
20182025
The Communication Equipment Manufacturing industry has reduced its overall emissions by 30% since 2018
Reported emissions
No reported emissions data is available for Canaan Inc. yet.
Canaan Inc.'s reported carbon emissions
Canaan Inc., headquartered in Singapore (SG), 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 emissions data and commitments suggests that Canaan Inc. may not yet have established a formal framework for addressing its carbon footprint or engaging in climate action initiatives.
In the context of the industry, many companies are increasingly adopting science-based targets and sustainability commitments to mitigate climate change impacts. However, without specific data or commitments from Canaan Inc., it remains unclear how the company aligns with these industry standards or what steps it may be taking towards carbon neutrality.
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Canaan Inc.’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Canaan Inc. yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Canaan Inc.1 year ago
18
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