Nasdaq-listed since 2019, Canaan designs the Avalon ASIC mining range and also operates its own machines (self-mining ~9.3 EH/s in 2026). HQ relocated to Singapore in 2022, operations spread across 14 jurisdictions including USA, Malaysia, UAE, and Brazil. 2026 treasury: 1,826 BTC + 3,952 ETH.
Canaan invented the Bitcoin ASIC in 2013 and remains one of three significant global manufacturers alongside Bitmain and MicroBT. The model is dual: machine sales to listed operators (CleanSpark, Cipher) and self-mining on its own fleet. Exiting Kazakhstan in August 2025 forced a costly relocation to the U.S., but also cleaned up the regulatory profile. The 2025-2026 treasury diversification into ETH is more opportunistic than ideological — worth watching.
Rare exposure to the listed ASIC mining segment, with vertical integration (design + operations). Cyclical profile on BTC price and hardware demand, exposed to Bitmain competition (still private). ETH treasury adds a non-BTC dimension to monitor. Speculative case, sized modestly.
Everything you need to know about NeonBridge and the compute economy.
Oil powered the 20th century. Compute powers the 21st. Every time an AI model runs or a Bitcoin block is mined, it takes energy, chips, data centers, and cloud infrastructure to make it happen. The companies building all of that form the compute economy. NeonBridge tracks 200+ of them across 7 categories.
Just like oil or electricity, compute is a raw resource that every industry needs. AI models can't train without GPU cycles. Bitcoin can't exist without hashrate. As demand grows, the companies that produce, store, and distribute compute become critical infrastructure. That makes compute the defining commodity of this century.
AI and Bitcoin are not two separate topics. They are two expressions of the same industrial revolution. AI transforms compute into intelligence. Bitcoin transforms compute into verifiable scarcity. Both need the same physical foundations: energy, chips, and data centers. That is why NeonBridge tracks them together, as one economy.
Most companies in the tracker are publicly listed stocks you can buy through any brokerage account. We highlight EU-friendly brokers like Trade Republic, Interactive Brokers, DEGIRO, and Scalable Capital to help you get started. No crypto wallet needed for the equity side.
Like any sector, compute infrastructure carries risk. Chip supply chains can be disrupted by geopolitics. Energy costs fluctuate. AI regulation is evolving fast. Bitcoin mining profitability depends on network difficulty and price cycles. Diversifying across the 7 categories of the compute economy helps reduce exposure to any single risk.
Global AI compute capacity doubles every 6-7 months, fueled by explosive AI adoption outpacing historical trends, with contributions from Bitcoin mining infrastructure repurposing and autonomous systems. Governments worldwide have committed hundreds of billions to chip manufacturing and power infrastructure. This reflects an enduring industrial shift comparable to electrification.
