1. Canaan Inc. (NASDAQ:CAN)
Canaan Inc. (NASDAQ:CAN) earns a place on our list of the best blockchain infrastructure stocks according to analysts.
On March 3, 2026, an insider transaction occurred that signaled confidence in the company’s long-term growth narrative.
The company’s chairman and CEO, Nangeng Zhang, alongside CFO Jin Cheng, made an open-market purchase of shares. Together, they bought 1,456,547 American Depositary Shares with an average price of $0.51 per ADS. Zhang expressed strong confidence in the company’s long-term vision and opportunities.
The executives added that the stock is undervalued, not reflective of Canaan Inc.’s (NASDAQ:CAN) strong technology, strategy, and growth potential.
Nangeng Zhang commented,
“My recent share purchases reflect my strong conviction in Canaan’s long-term vision and the opportunities ahead. Both James and I believe our current market valuation does not fully reflect the strength of our technology, strategy, and growth potential, and we remain confident in the value we are building for shareholders.”
Meanwhile, on March 10, 2026, Canaan Inc. (NASDAQ:CAN) released its February update, where it reported production of 86 BTC, bringing its cryptocurrency treasury to 1,793 BTC and 3,952 ETH, which combine to be valued at roughly $128 million. Reflecting on the month’s update, Zhang attributed the results to the company’s strategy of integrating energy resources, expanding its U.S. footprint, and scaling operations in strategically opportunistic markets.
Canaan Inc. (NASDAQ:CAN) focuses on the development and sale of Bitcoin mining machines and related services. At the same time, the company is expanding its global mining operations and energy integration strategy by growing its focus on efficient and environmentally conscious cryptocurrency mining infrastructure.
While we acknowledge the potential of CAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CAN and that has 100x upside potential, check out our report about the cheapest AI stock.
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