2022 Q4 Form 20-F Financial Statement

#000110465923047189 Filed on April 19, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $391.9M $4.379B $2.185B
YoY Change -82.06% -12.19% 5618.73%
Cost Of Revenue $622.8M $2.631B $696.8M
YoY Change -10.62% 23.17% 2286.47%
Gross Profit -$230.9M $1.748B $1.488B
YoY Change -115.52% -38.68% 16248.42%
Gross Profit Margin -58.92% 39.92% 68.1%
Selling, General & Admin $170.0M $643.5M $156.5M
YoY Change 8.61% -5.8% 291.34%
% of Gross Profit 36.81% 10.52%
Research & Development $223.5M $546.6M $117.9M
YoY Change 89.47% 65.64% 194.13%
% of Gross Profit 31.27% 7.93%
Depreciation & Amortization $226.4M
YoY Change 1956.67%
% of Gross Profit 12.95%
Operating Expenses $393.5M $1.190B $274.5M
YoY Change 43.36% 16.4% 243.1%
Operating Profit -$624.4M $557.8M $1.213B
YoY Change -151.47% -69.49% -1811.18%
Interest Expense $34.25M $258.9M $6.422M
YoY Change 433.37% 916.19% 542.2%
% of Operating Profit 46.41% 0.53%
Other Income/Expense, Net $14.04M $46.75M $117.0M
YoY Change -88.0% -76.22% -5671.14%
Pretax Income -$587.4M $810.5M $1.337B
YoY Change -143.94% -60.47% -1953.87%
Income Tax -$149.0M $152.3M $49.76M
% Of Pretax Income 18.79% 3.72%
Net Earnings -$438.3M $658.2M $1.287B
YoY Change -134.06% -67.09% -1887.34%
Net Earnings / Revenue -111.84% 15.03% 58.91%
Basic Earnings Per Share $2.75
Diluted Earnings Per Share -$0.17 $0.26 $506.2K
COMMON SHARES
Basic Shares Outstanding 2.560B
Diluted Shares Outstanding 2.578B

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $707.3M $707.3M $2.684B
YoY Change -73.65% -73.65% 491.66%
Cash & Equivalents $707.3M $707.3M $2.684B
Short-Term Investments $0.00
Other Short-Term Assets $1.775B $1.775B $1.502B
YoY Change 18.21% 19.48% 560.12%
Inventory $1.512B $1.512B $812.4M
Prepaid Expenses
Receivables $0.00 $0.00 $367.0K
Other Receivables $504.3M $504.3M $274.6M
Total Short-Term Assets $3.995B $3.995B $5.273B
YoY Change -24.25% -24.25% 423.58%
LONG-TERM ASSETS
Property, Plant & Equipment $627.6M $627.6M $216.5M
YoY Change 189.9% 189.9% 713.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.00M $20.00M $20.00M
YoY Change 0.0% 0.0%
Other Assets $140.6M $140.6M $102.0M
YoY Change 37.83% 37.83% 3980.0%
Total Long-Term Assets $875.4M $875.4M $358.8M
YoY Change 144.0% 144.0% 1128.75%
TOTAL ASSETS
Total Short-Term Assets $3.995B $3.995B $5.273B
Total Long-Term Assets $875.4M $875.4M $358.8M
Total Assets $4.870B $4.870B $5.632B
YoY Change -13.53% -13.53% 443.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $116.3M $116.3M $143.4M
YoY Change -18.9% -18.9% 283.53%
Accrued Expenses $277.0M $277.0M $424.0M
YoY Change -34.67% -34.03% 482.41%
Deferred Revenue $4.613M $1.341B
YoY Change -99.66%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $448.3M $448.3M $2.085B
YoY Change -78.5% -78.5% 251.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $14.20M $14.20M $88.46M
YoY Change -83.95% -83.95% 682.86%
Total Long-Term Liabilities $14.20M $14.20M $88.46M
YoY Change -83.95% -83.95% 682.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $448.3M $448.3M $2.085B
Total Long-Term Liabilities $14.20M $14.20M $88.46M
Total Liabilities $462.5M $462.5M $2.174B
YoY Change -78.72% -78.72% 259.98%
SHAREHOLDERS EQUITY
Retained Earnings $176.9M $803.3M
YoY Change -77.98%
Common Stock $478.2M $2.891B
YoY Change -83.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.408B $4.408B $3.459B
YoY Change
Total Liabilities & Shareholders Equity $4.870B $4.870B $5.632B
YoY Change -13.53% -13.53% 443.44%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$438.3M $658.2M $1.287B
YoY Change -134.06% -67.09% -1887.34%
Depreciation, Depletion And Amortization $226.4M
YoY Change 1956.67%
Cash From Operating Activities -$94.40M -$246.0M
YoY Change -117.1%
INVESTING ACTIVITIES
Capital Expenditures $7.755M $13.79M
YoY Change -136.58%
Acquisitions
YoY Change
Other Investing Activities $5.752M $64.81M
YoY Change 51.33%
Cash From Investing Activities -$2.003M -$4.396M
YoY Change -185.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.368M -52.99M
YoY Change -105.85%
NET CHANGE
Cash From Operating Activities -94.40M -246.0M
Cash From Investing Activities -2.003M -4.396M
Cash From Financing Activities -8.368M -52.99M
Net Change In Cash -104.8M -303.4M
YoY Change -112.91%
FREE CASH FLOW
Cash From Operating Activities -$94.40M -$246.0M
Capital Expenditures $7.755M $13.79M
Free Cash Flow -$102.2M -$259.8M
YoY Change -117.59%

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CY2022 us-gaap Net Income Loss
NetIncomeLoss
70514000
CY2020 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0
CY2021 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0
CY2022 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-24238000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-22145000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
97081000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
14075000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-239332000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1978137000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
583438000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
84589000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2345703779
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2521667815
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2560106403
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2560106403
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2345703779
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2576157247
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2577892069
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2577892069
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-9.17
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
79.32
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
19.00
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.75
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-9.17
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
77.65
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
18.87
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.74
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
692795000
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
23915000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2950000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-24238000
CY2020 can Stock Issued During Period Value Vesting Of Restricted Share Units And Restricted Shares
StockIssuedDuringPeriodValueVestingOfRestrictedShareUnitsAndRestrictedShares
60000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-215094000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
432558000
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
103543000
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
150705000
CY2021 can Resale Of Vested Employee Restricted Share Units For Tax Withholding Value
ResaleOfVestedEmployeeRestrictedShareUnitsForTaxWithholdingValue
45728000
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
491461000
CY2021 can Stock Issued During Period Value Vesting Of Restricted Share Units And Restricted Shares
StockIssuedDuringPeriodValueVestingOfRestrictedShareUnitsAndRestrictedShares
86000
CY2021 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
764968000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-22145000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
2000282000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3458690000
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
253079000
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
31097000
CY2022 can Resale Of Vested Employee Restricted Share Units For Tax Withholding Value
ResaleOfVestedEmployeeRestrictedShareUnitsForTaxWithholdingValue
70378000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
407397000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
97081000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
486357000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4235727000
CY2020 us-gaap Profit Loss
ProfitLoss
-215094000
CY2021 us-gaap Profit Loss
ProfitLoss
2000282000
CY2022 us-gaap Profit Loss
ProfitLoss
486357000
CY2022 us-gaap Profit Loss
ProfitLoss
70514000
CY2021 can Non Cash Revenue Recognized
NonCashRevenueRecognized
21688000
CY2022 can Non Cash Revenue Recognized
NonCashRevenueRecognized
238596000
CY2022 can Non Cash Revenue Recognized
NonCashRevenueRecognized
34593000
CY2022 can Cost Recognized On Payment Of Cryptocurrency
CostRecognizedOnPaymentOfCryptocurrency
56877000
CY2022 can Cost Recognized On Payment Of Cryptocurrency
CostRecognizedOnPaymentOfCryptocurrency
8246000
CY2022 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-1167000
CY2022 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-169000
CY2020 can Depreciation And Amortization Of Property Equipment And Software
DepreciationAndAmortizationOfPropertyEquipmentAndSoftware
11852000
CY2021 can Depreciation And Amortization Of Property Equipment And Software
DepreciationAndAmortizationOfPropertyEquipmentAndSoftware
11009000
CY2022 can Depreciation And Amortization Of Property Equipment And Software
DepreciationAndAmortizationOfPropertyEquipmentAndSoftware
226419000
CY2022 can Depreciation And Amortization Of Property Equipment And Software
DepreciationAndAmortizationOfPropertyEquipmentAndSoftware
32828000
CY2020 can Depreciation Of Operating Lease Assets
DepreciationOfOperatingLeaseAssets
19389000
CY2021 can Depreciation Of Operating Lease Assets
DepreciationOfOperatingLeaseAssets
3118000
CY2020 can Foreign Currency Transaction Gain Loss Before Tax Operating Activities
ForeignCurrencyTransactionGainLossBeforeTaxOperatingActivities
14094000
CY2021 can Foreign Currency Transaction Gain Loss Before Tax Operating Activities
ForeignCurrencyTransactionGainLossBeforeTaxOperatingActivities
9668000
CY2022 can Foreign Currency Transaction Gain Loss Before Tax Operating Activities
ForeignCurrencyTransactionGainLossBeforeTaxOperatingActivities
13490000
CY2022 can Foreign Currency Transaction Gain Loss Before Tax Operating Activities
ForeignCurrencyTransactionGainLossBeforeTaxOperatingActivities
1956000
CY2020 can Reversal Of Allowance For Doubtful Receivables
ReversalOfAllowanceForDoubtfulReceivables
-4849000
CY2021 can Reversal Of Allowance For Doubtful Receivables
ReversalOfAllowanceForDoubtfulReceivables
-911000
CY2022 can Reversal Of Allowance For Doubtful Receivables
ReversalOfAllowanceForDoubtfulReceivables
-90000
CY2022 can Reversal Of Allowance For Doubtful Receivables
ReversalOfAllowanceForDoubtfulReceivables
-13000
CY2021 can Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
-99044000
CY2022 can Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
-52366000
CY2022 can Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
-7592000
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-96000
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-47000
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-272000
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-39000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
2950000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
491461000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
407397000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
59067000
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-190178000
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-24598000
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-3566000
CY2020 us-gaap Gain Loss On Investments
GainLossOnInvestments
5844000
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
277000
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
13432000
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
17584000
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
15701000
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2276000
CY2020 can Interest Of Operating Lease Liabilities
InterestOfOperatingLeaseLiabilities
1938000
CY2021 can Interest Of Operating Lease Liabilities
InterestOfOperatingLeaseLiabilities
1613000
CY2022 can Interest Of Operating Lease Liabilities
InterestOfOperatingLeaseLiabilities
1342000
CY2022 can Interest Of Operating Lease Liabilities
InterestOfOperatingLeaseLiabilities
195000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2475000
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
25000
CY2021 can Impairment Loss Of Cryptocurrency
ImpairmentLossOfCryptocurrency
1061000
CY2022 can Impairment Loss Of Cryptocurrency
ImpairmentLossOfCryptocurrency
52959000
CY2022 can Impairment Loss Of Cryptocurrency
ImpairmentLossOfCryptocurrency
7678000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
44916000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
50714000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
467271000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
67748000
CY2022 can Gain Loss Contingency Accrual Payments
GainLossContingencyAccrualPayments
-86216000
CY2022 can Gain Loss Contingency Accrual Payments
GainLossContingencyAccrualPayments
-12500000
CY2022 can Provision For Loss On Purchase Obligations
ProvisionForLossOnPurchaseObligations
75847000
CY2022 can Provision For Loss On Purchase Obligations
ProvisionForLossOnPurchaseObligations
10997000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4499000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6761000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-367000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-53000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
93760000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
787554000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1559148000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
226055000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
99127000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1413497000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-26647000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3863000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2720000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
426000
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
14090000
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
2043000
CY2020 can Increase Decrease In Prepaid Interest Expense
IncreaseDecreaseInPrepaidInterestExpense
149000
CY2021 can Increase Decrease In Prepaid Interest Expense
IncreaseDecreaseInPrepaidInterestExpense
-246000
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-61643000
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
106034000
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-95181000
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-13800000
CY2020 us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
-13499000
CY2021 us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
-13963000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
422100000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
910343000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1386068000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-200961000
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
148719000
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-98482000
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-14279000
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
29591000
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
247940000
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-97270000
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-14102000
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
8020000
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-2196000
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1661000
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-241000
CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-14322000
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-20527000
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-20677000
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2998000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42297000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1438850000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1696698000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-246000000
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1334077000
CY2020 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1288540000
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
62663000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2176000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37708000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
95129000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13792000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
637000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
160000
CY2022 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
64806000
CY2022 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
9396000
CY2020 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
2500000
CY2021 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
20000000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49576000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5115000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30323000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4396000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
23915000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
103543000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
234307000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
33971000
CY2020 can Prepayment Under Share Repurchase Agreement
PrepaymentUnderShareRepurchaseAgreement
16146000
CY2021 can Prepayment Under Share Repurchase Agreement
PrepaymentUnderShareRepurchaseAgreement
573000
CY2022 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
44282000
CY2022 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
6420000
CY2020 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
6879000
CY2021 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
5705000
CY2020 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
152000000
CY2020 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
217000000
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
35000000
CY2021 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
45728000
CY2022 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
70378000
CY2022 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
10204000
CY2021 can Payment Tax Withholding On Vesting Of Restricted Share Units
PaymentTaxWithholdingOnVestingOfRestrictedShareUnits
24508000
CY2022 can Payment Tax Withholding On Vesting Of Restricted Share Units
PaymentTaxWithholdingOnVestingOfRestrictedShareUnits
157295000
CY2022 can Payment Tax Withholding On Vesting Of Restricted Share Units
PaymentTaxWithholdingOnVestingOfRestrictedShareUnits
22804000
CY2021 can Proceeds From Follow On Offering
ProceedsFromFollowOnOffering
1029455000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-111940000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
905854000
CY2021 can Revenue Recognized On Acceptance Of Cryptocurrency
RevenueRecognizedOnAcceptanceOfCryptocurrency
21688000
CY2022 can Revenue Recognized On Acceptance Of Cryptocurrency
RevenueRecognizedOnAcceptanceOfCryptocurrency
238596000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-365506000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-52991000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-119219000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2349819000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2092527000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-303387000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-9823000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-13919000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
68084000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9870000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
524846000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
395804000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2731704000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
396060000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
395804000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2731704000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
707261000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
102543000
CY2020Q4 us-gaap Cash
Cash
391310000
CY2021Q4 us-gaap Cash
Cash
2684342000
CY2022Q4 us-gaap Cash
Cash
707261000
CY2022Q4 us-gaap Cash
Cash
102543000
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4494000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
47362000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
395804000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2731704000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
707261000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
102543000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
3736000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
246000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
433000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
316338000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
45865000
CY2020 can Transfer From Inventory To Operating Lease Assets
TransferFromInventoryToOperatingLeaseAssets
135276000
CY2021 can Transfer From Inventory To Operating Lease Assets
TransferFromInventoryToOperatingLeaseAssets
15169000
CY2020 can Transfer From Operating Lease Assets To Inventory
TransferFromOperatingLeaseAssetsToInventory
115887000
CY2021 can Transfer From Operating Lease Assets To Inventory
TransferFromOperatingLeaseAssetsToInventory
12051000
CY2021 can Mining Equipment Transfer From Inventory To Property Equipment And Software
MiningEquipmentTransferFromInventoryToPropertyEquipmentAndSoftware
146881000
CY2022 can Mining Equipment Transfer From Inventory To Property Equipment And Software
MiningEquipmentTransferFromInventoryToPropertyEquipmentAndSoftware
485514000
CY2022 can Mining Equipment Transfer From Inventory To Property Equipment And Software
MiningEquipmentTransferFromInventoryToPropertyEquipmentAndSoftware
70393000
CY2022 can Purchases Of Plant In Accrued Liabilities And Other Current Liabilities
PurchasesOfPlantInAccruedLiabilitiesAndOtherCurrentLiabilities
44310000
CY2022 can Purchases Of Plant In Accrued Liabilities And Other Current Liabilities
PurchasesOfPlantInAccruedLiabilitiesAndOtherCurrentLiabilities
6424000
CY2021 can Accrued Tax With Holding On Vesting Of Restricted Share Units Value
AccruedTaxWithHoldingOnVestingOfRestrictedShareUnitsValue
126198000
CY2022 can Accrued Tax With Holding On Vesting Of Restricted Share Units Value
AccruedTaxWithHoldingOnVestingOfRestrictedShareUnitsValue
-31097000
CY2022 can Accrued Tax With Holding On Vesting Of Restricted Share Units Value
AccruedTaxWithHoldingOnVestingOfRestrictedShareUnitsValue
-4509000
CY2022 can Revenue Recognized On Acceptance Of Cryptocurrency
RevenueRecognizedOnAcceptanceOfCryptocurrency
34593000
CY2022 can Cost Recognized On Payment Of Cryptocurrency
CostRecognizedOnPaymentOfCryptocurrency
56877000
CY2022 can Cost Recognized On Payment Of Cryptocurrency
CostRecognizedOnPaymentOfCryptocurrency
8246000
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;">1.</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;">Organization and principal activities</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 36pt;">Canaan Inc., an exempted company with limited liability incorporated in the Cayman Islands, through wholly-owned subsidiaries (collectively referred to as the “Company”), is principally engaged in integrated circuit (the “IC”) design and sale and lease of final mining equipment by integrating its IC products for Bitcoin mining and related components in the People’s Republic of China (the “PRC”), Singapore and other countries and regions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 0pt 38.15pt;">As of December 31, 2022, the Company’s principal subsidiaries are as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 0pt 38.15pt;"><span style="margin-bottom:12pt;margin-left:0pt;visibility:hidden;">​</span></p><div style="padding-left:36pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:90%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:33.61%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.59%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:21.14%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:5.72%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.74%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:21.24%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:33.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Equity</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:33.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Date of</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Place of</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">interest</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:33.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Name of subsidiaries</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.59%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">incorporation</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.14%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">incorporation</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">held</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.24%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Principal activities</b></p></td></tr><tr><td style="vertical-align:top;white-space:nowrap;width:33.61%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Canaan Creative (HK) Holdings Limited</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">February 22, 2018</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;width:21.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Hong Kong Special Administrative Region</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%  </p></td><td style="vertical-align:top;width:21.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Research and development of ICs</p></td></tr><tr><td style="vertical-align:top;width:33.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Hangzhou Canaan Intelligence Information Technology Co., Ltd.</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">April 9, 2013</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;width:21.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Hangzhou, China</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%  </p></td><td style="vertical-align:top;width:21.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Research and development of ICs</p></td></tr><tr><td style="vertical-align:top;width:33.61%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Canaan Creative Co., Ltd.</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">April 1, 2013</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;width:21.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Beijing, China</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%  </p></td><td style="vertical-align:top;width:21.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Research and development of ICs</p></td></tr><tr><td style="vertical-align:top;width:33.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Langfang Creative Technology Co., Ltd.</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">May 15, 2014</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;width:21.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Langfang, China</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%  </p></td><td style="vertical-align:top;width:21.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Assembly of mining equipment and spare parts</p></td></tr><tr><td style="vertical-align:top;width:33.61%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Canaan Convey Co., Ltd.</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">November 2, 2017</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;width:21.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Beijing, China</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%  </p></td><td style="vertical-align:top;width:21.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">International distribution of mining equipment and spare parts</p></td></tr><tr><td style="vertical-align:top;width:33.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Zhejiang Avalon Technology Co., Ltd.</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">December 5, 2017</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;width:21.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Hangzhou, China</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%  </p></td><td style="vertical-align:top;width:21.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Distribution of mining equipment and spare parts</p></td></tr><tr><td style="vertical-align:top;width:33.61%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Canaan Bright Sight Co., Ltd.</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">December 24, 2018</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;width:21.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Beijing, China</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%  </p></td><td style="vertical-align:top;width:21.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">International distribution of AI products</p></td></tr><tr><td style="vertical-align:top;width:33.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Canaan Creative (SH) Co., Ltd.</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">January 27, 2021</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;width:21.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Shanghai, China</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%  </p></td><td style="vertical-align:top;width:21.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Research and development of ICs</p></td></tr><tr><td style="vertical-align:top;width:33.61%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Canaan Creative International PTE. Ltd</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">March 9, 2021</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;width:21.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Singapore</p></td><td style="vertical-align:top;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%  </p></td><td style="vertical-align:top;width:21.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Mining business</p></td></tr><tr><td style="vertical-align:bottom;width:33.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Canaan Creative Global Pte. Ltd.</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">September 18, 2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:21.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Singapore</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%</p></td><td style="vertical-align:top;width:21.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">International headquarters, research and development of<br/>ICs, international distribution of<br/>mining equipments and spare parts</p></td></tr><tr><td style="vertical-align:top;width:33.61%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt 0pt 0.05pt 0pt;">Canaan U.S. Inc.</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:10.59%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">February 1, 2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;width:21.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">United States</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:top;white-space:nowrap;width:5.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 100</p></td><td style="vertical-align:top;white-space:nowrap;width:2.74%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">%</p></td><td style="vertical-align:top;width:21.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">International distribution of<br/>mining equipments and spare<br/>parts, mining business</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="font-size:1pt;margin-bottom:12pt;visibility:hidden;">​</span></p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<table style="border-collapse:collapse;border:0;"><tr><td style="width:36pt;padding:0pt;"/><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;"><span style="font-style:italic;">(b)</span></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;"><span style="font-style:italic;">Use of estimates</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 36pt;">The preparation of the Company’s consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from such estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 36pt;">The Company believes that accounting estimation of variable consideration for revenue recognition, warrant liability, valuation of deferred tax assets, write-down for inventories and prepayments, provision for reserve for inventory purchase commitments, valuation and recognition of share-based compensation reflect significant judgments and estimates used in the preparation of its consolidated financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 36pt;">Management bases the estimates on historical experience and on various other assumptions as discussed elsewhere to the consolidated financial statements that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could materially differ from these estimates.</p>
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.8972
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2684342000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
707261000
CY2020 us-gaap Gain Loss On Investments
GainLossOnInvestments
5844000
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
277000
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
0
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
52959000
CY2022 can Operating Lease Assets Estimated Economic Useful Life
OperatingLeaseAssetsEstimatedEconomicUsefulLife
P18M
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
20000000
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
20000000
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
25000
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1340731000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4613000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
8008000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
424426000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1323344000
CY2022 us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
The payment terms under credit sales generally consist of 50% down payment and 50% subsequent payments over a period of 90 to 180 days.
CY2020 can Contract With Customer Price Concessions
ContractWithCustomerPriceConcessions
11455000
CY2021 can Contract With Customer Price Concessions
ContractWithCustomerPriceConcessions
0
CY2022 can Contract With Customer Price Concessions
ContractWithCustomerPriceConcessions
0
CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
0
CY2020 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
14685000
CY2021 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
0
CY2022 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
360 days that the product will operate under normal use
CY2020 us-gaap Product Warranty Expense
ProductWarrantyExpense
764000
CY2021 us-gaap Product Warranty Expense
ProductWarrantyExpense
28826000
CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
12742000
CY2022 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<table style="border-collapse:collapse;border:0;"><tr><td style="width:36pt;padding:0pt;"/><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;"><span style="font-style:italic;">(t)</span></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;"><span style="font-style:italic;">Revenue from lease arrangements as lessor (ASC 842, Lease)</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 36pt;">From July 2019, the Company started to generate revenue from the leases of mining equipment for Bitcoin mining to its customers. The leases cannot generally be extended or terminated at the customer’s discretion. However, upon the mutual agreement of the parties, the leases can be early terminated after three months. Rental charges are computed based on a time rate of machine’s type and rental period. The leases of mining equipment meet the classification of operating leases, and revenues from operating leases are recognized on a straight-line basis over the contract terms. The Company ceased leasing mining equipment in the second quarter of 2021.</p>
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
304801000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
423420000
CY2021Q4 us-gaap Inventory Net
InventoryNet
812363000
CY2022Q4 us-gaap Inventory Net
InventoryNet
1473990000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
3701000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
4461000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
6771000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
50714000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
467271000
CY2020Q4 can Reclassification Of Inventory To Operating Lease Assets
ReclassificationOfInventoryToOperatingLeaseAssets
135276000
CY2021Q4 can Reclassification Of Inventory To Operating Lease Assets
ReclassificationOfInventoryToOperatingLeaseAssets
15169000
CY2022Q4 can Reclassification Of Inventory To Operating Lease Assets
ReclassificationOfInventoryToOperatingLeaseAssets
0
CY2020Q4 can Reclassification Of Operating Lease Assets To Inventory
ReclassificationOfOperatingLeaseAssetsToInventory
115887000
CY2021Q4 can Reclassification Of Operating Lease Assets To Inventory
ReclassificationOfOperatingLeaseAssetsToInventory
12051000
CY2020 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
14919000
CY2021 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
27740000
CY2022 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
47154000
CY2022Q4 can Reclassification Of Operating Lease Assets To Inventory
ReclassificationOfOperatingLeaseAssetsToInventory
0
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
26157000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16118000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10039000
CY2022 can Appropriation Of Net Income To Statutory General Reserve Required Percentage
AppropriationOfNetIncomeToStatutoryGeneralReserveRequiredPercentage
0.10
CY2022 can Statutory General Reserve Required Maximum Percentage Of Registered Capital
StatutoryGeneralReserveRequiredMaximumPercentageOfRegisteredCapital
0.50
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
20310000
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
87273000
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
10800000
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
7843000
CY2022 can Product Warranty Expired
ProductWarrantyExpired
-10972000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
18026000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11953000
CY2021Q4 can Withholding Tax Payable Restricted Share Units Current
WithholdingTaxPayableRestrictedShareUnitsCurrent
126198000
CY2020 us-gaap Revenues
Revenues
447686000
CY2021 us-gaap Revenues
Revenues
4986706000
CY2022 us-gaap Revenues
Revenues
4378907000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
47362000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
0
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
429208000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
789134000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
78354000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
261436000
CY2021Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
1427820000
CY2022Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
1105194000
CY2021Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
260571000
CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
396701000
CY2021Q4 can Prepayment For Repurchase Of Ordinary Shares
PrepaymentForRepurchaseOfOrdinaryShares
15901000
CY2022Q4 can Prepayment For Repurchase Of Ordinary Shares
PrepaymentForRepurchaseOfOrdinaryShares
24000
CY2021Q4 can Value Added Tax Refund For Export Sales Current
ValueAddedTaxRefundForExportSalesCurrent
14041000
CY2022Q4 can Value Added Tax Refund For Export Sales Current
ValueAddedTaxRefundForExportSalesCurrent
107549000
CY2022Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
42943000
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
1494000
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
23183000
CY2021Q4 can Other Prepaid Expense And Other Assets Current
OtherPrepaidExpenseAndOtherAssetsCurrent
9200000
CY2022Q4 can Other Prepaid Expense And Other Assets Current
OtherPrepaidExpenseAndOtherAssetsCurrent
13485000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1729027000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1689079000
CY2021Q4 can Rental And Other Deposits Non Current
RentalAndOtherDepositsNonCurrent
2956000
CY2022Q4 can Rental And Other Deposits Non Current
RentalAndOtherDepositsNonCurrent
17046000
CY2022 can Prepayments Of Software
PrepaymentsOfSoftware
391000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2956000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17437000
CY2021 can Gain Loss Contingency Accrual Payments
GainLossContingencyAccrualPayments
0
CY2022 can Gain Loss Contingency Accrual Payments
GainLossContingencyAccrualPayments
-86216000
CY2020Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
4849000
CY2021Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
911000
CY2022Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
90000
CY2021Q4 can Gross Indefinite Lived Intangible Assets Excluding Goodwill
GrossIndefiniteLivedIntangibleAssetsExcludingGoodwill
21371000
CY2022Q4 can Gross Indefinite Lived Intangible Assets Excluding Goodwill
GrossIndefiniteLivedIntangibleAssetsExcludingGoodwill
104997000
CY2021Q4 can Accumulated Impairment Of Intangible Assets Indefinite Lived Excluding Goodwill
AccumulatedImpairmentOfIntangibleAssetsIndefiniteLivedExcludingGoodwill
1061000
CY2022Q4 can Accumulated Impairment Of Intangible Assets Indefinite Lived Excluding Goodwill
AccumulatedImpairmentOfIntangibleAssetsIndefiniteLivedExcludingGoodwill
17724000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
210052000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
841663000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24486000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
243675000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
185566000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
597988000
CY2020 can Depreciation And Amortization Of Property Equipment And Software
DepreciationAndAmortizationOfPropertyEquipmentAndSoftware
11852000
CY2021 can Depreciation And Amortization Of Property Equipment And Software
DepreciationAndAmortizationOfPropertyEquipmentAndSoftware
11009000
CY2022 can Depreciation And Amortization Of Property Equipment And Software
DepreciationAndAmortizationOfPropertyEquipmentAndSoftware
226419000
CY2020 can Reduction In The Carrying Amount Of Right Of Use Assets
ReductionInTheCarryingAmountOfRightOfUseAssets
13432000
CY2021 can Reduction In The Carrying Amount Of Right Of Use Assets
ReductionInTheCarryingAmountOfRightOfUseAssets
17584000
CY2022 can Reduction In The Carrying Amount Of Right Of Use Assets
ReductionInTheCarryingAmountOfRightOfUseAssets
15701000
CY2020 can Interest Of Operating Lease Liabilities
InterestOfOperatingLeaseLiabilities
1938000
CY2021 can Interest Of Operating Lease Liabilities
InterestOfOperatingLeaseLiabilities
1613000
CY2022 can Interest Of Operating Lease Liabilities
InterestOfOperatingLeaseLiabilities
1342000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
505000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
443000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1506000
CY2020 us-gaap Lease Cost
LeaseCost
15875000
CY2021 us-gaap Lease Cost
LeaseCost
19640000
CY2022 us-gaap Lease Cost
LeaseCost
18549000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
14322000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
20739000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
20507000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5516000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
36672000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16704000
CY2020 can Reductions To Rou Assets Resulting From Reductions To Operating Leases
ReductionsToRouAssetsResultingFromReductionsToOperatingLeases
427000
CY2021 can Reductions To Rou Assets Resulting From Reductions To Operating Leases
ReductionsToRouAssetsResultingFromReductionsToOperatingLeases
2590000
CY2022 can Reductions To Rou Assets Resulting From Reductions To Operating Leases
ReductionsToRouAssetsResultingFromReductionsToOperatingLeases
2493000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0673
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0517
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0458
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
16934000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8762000
CY2022Q4 can Lessee Operating Lease Liability Payment Due Year Three And Thereafter
LesseeOperatingLeaseLiabilityPaymentDueYearThreeAndThereafter
1486000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
27182000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1025000
CY2021Q4 can Salary And Welfare Payable Current
SalaryAndWelfarePayableCurrent
118712000
CY2022Q4 can Salary And Welfare Payable Current
SalaryAndWelfarePayableCurrent
144473000
CY2021Q4 can Contingency Accrual Provision For Loss On Purchase Obligation
ContingencyAccrualProvisionForLossOnPurchaseObligation
0
CY2022Q4 can Contingency Accrual Provision For Loss On Purchase Obligation
ContingencyAccrualProvisionForLossOnPurchaseObligation
75847000
CY2021Q4 can Other Tax Payables Current
OtherTaxPayablesCurrent
19128000
CY2022Q4 can Other Tax Payables Current
OtherTaxPayablesCurrent
56116000
CY2021Q4 can Customer Refund
CustomerRefund
10738000
CY2022Q4 can Customer Refund
CustomerRefund
29432000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
18026000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
11953000
CY2021Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
2013000
CY2022Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
2199000
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
128939000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
748000
CY2021Q4 can Value Added Tax Received From Customers Related To Contract Liabilities Current
ValueAddedTaxReceivedFromCustomersRelatedToContractLiabilitiesCurrent
2427000
CY2022Q4 can Value Added Tax Received From Customers Related To Contract Liabilities Current
ValueAddedTaxReceivedFromCustomersRelatedToContractLiabilitiesCurrent
135000
CY2021Q4 can Withholding Tax Payable Restricted Share Units Current
WithholdingTaxPayableRestrictedShareUnitsCurrent
126198000
CY2021Q4 us-gaap Advance Rent
AdvanceRent
2120000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
9093000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15802000
CY2021Q4 can Accrued Liabilities And Other Current Liabilities Current
AccruedLiabilitiesAndOtherCurrentLiabilitiesCurrent
437394000
CY2022Q4 can Accrued Liabilities And Other Current Liabilities Current
AccruedLiabilitiesAndOtherCurrentLiabilitiesCurrent
336705000
CY2021Q4 us-gaap Customer Refund Liability Noncurrent
CustomerRefundLiabilityNoncurrent
5824000
CY2022Q4 us-gaap Customer Refund Liability Noncurrent
CustomerRefundLiabilityNoncurrent
4163000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
18026000
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
28826000
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
12742000
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-190178000
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-24598000
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000000
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2372222222
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2350123270
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
258782000
CY2021Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
770673000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000000
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2804138492
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2496001757
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
114000000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.90
CY2021 can Share Based Compensation Arrangement By Share Based Payment Award Granted In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantedInPeriodTotalIntrinsicValue
0
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
114000000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.90
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P9Y1M6D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
114000000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.90
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y1M13D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
114000000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
4.90
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y1M13D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
42000000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.90
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y1M13D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.63
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
465553
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2021 can Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Multiple
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExerciseMultiple
2.80
CY2022 can Preferential Income Tax Rate
PreferentialIncomeTaxRate
0.15
CY2021 us-gaap Net Income Loss
NetIncomeLoss
2000282000
CY2022 us-gaap Income Tax Holiday Description
IncomeTaxHolidayDescription
Canaan is qualified as an integrated circuit enterprise and enjoying a 5-year tax holiday (two year full exemption followed by three year half reduction) beginning from 2016 after utilizing all prior years tax losses. Therefore, Hangzhou Canaan is eligible to enjoy a preferential tax rate of 0% from 2016 to 2017 and 12.5% from 2018 to 2020.
CY2022 can Income Tax Holiday Period
IncomeTaxHolidayPeriod
P5Y
CY2022 can Income Tax Full Exemption Holiday Period
IncomeTaxFullExemptionHolidayPeriod
P2Y
CY2022 can Income Tax Half Reduction Holiday Period
IncomeTaxHalfReductionHolidayPeriod
P3Y
CY2022 can Preferential Income Tax Rate
PreferentialIncomeTaxRate
0.15
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2022 can Withholding Income Tax Rate On Dividends
WithholdingIncomeTaxRateOnDividends
0.10
CY2022 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
1628165000
CY2021Q4 can Withholding Income Tax
WithholdingIncomeTax
0
CY2022Q4 can Withholding Income Tax
WithholdingIncomeTax
0
CY2020 can Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
-0.250
CY2021 can Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
0.250
CY2022 can Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
0.250
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.045
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.014
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.024
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.034
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.055
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.057
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.026
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
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