Canaan Inc. Names KPMG Singapore as New Independent Auditor
Bitcoin miner and chip maker Canaan Inc. has appointed KPMG in Singapore as its independent auditor, effective October 19, 2026.
Canaan Inc. (NASDAQ: CAN), a compute and energy infrastructure company listed on the Nasdaq, announced Monday that it has engaged KPMG LLP in Singapore as its new independent auditor, with the appointment taking effect October 19, 2026.
The move signals a formal shift in the company's external audit arrangements. Canaan, which operates in the cryptocurrency mining hardware sector and broader compute infrastructure space, did not disclose the identity of its prior auditor or cite a specific reason for the change in the brief announcement.
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Auditor transitions at publicly traded companies are closely watched by investors and regulators, as independent auditors play a central role in verifying the accuracy of financial statements. KPMG is one of the world's four largest professional services networks, and its Singapore affiliate's appointment could be seen as an effort by Canaan to align its audit oversight with a globally recognized firm given the company's regional operations.
Canaan, headquartered in Singapore, has positioned itself as an innovator across compute and energy infrastructure, with its hardware products widely used in the Bitcoin mining industry. The company's Nasdaq listing subjects it to U.S. securities disclosure requirements, including those governing auditor appointments.
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