Canaan Inc.
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.
DitchCarbon Score
How does Canaan Inc.'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 Communication Equipment 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 Inc.'s score of 23 is lower than 61% 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 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 available from the company. This lack of data suggests that Canaan Inc. 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 challenging to assess Canaan Inc.'s position relative to its peers in the sector. As the global focus on climate action intensifies, it will be important for Canaan Inc. to consider developing and communicating its climate strategy to align with industry standards and stakeholder expectations.
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 Inc. 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.
