SINGAPORE, May 27, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may repurchase up to US$30 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares, over the next six months starting from May 27, 2025.Nangeng Zhang, chairman an ...

Core Viewpoint - Canadian Gold Resources Ltd. has filed for acceptance of an investor relations contract with Fidel Thomas, aimed at enhancing the company's visibility and securing capital sources [1][3]. Group 1: Investor Relations Contract - The investor relations contract with Fidel Thomas was dated December 1, 2024, and had an initial term of 3 months, which the company chose not to extend after it expired on February 28, 2025 [1]. - Compensation for the consultant was set at a monthly fee of $3,150, totaling $9,450, funded from the company's general working capital [1]. Group 2: Services Provided - The consultant's services included communication with investment dealers, coordinating meetings with stakeholders, assisting in identifying capital sources, and preparing marketing materials [2]. Group 3: Company Overview - Canadian Gold Resources Ltd. focuses on developing high-grade gold projects in the Gaspé Gold Belt of Quebec, targeting under-explored properties with significant growth potential [4]. - The company employs modern exploration techniques and emphasizes sustainability and community engagement [4].

Canadian Gold Resources Ltd. Finalizes Bulk Sample Extraction Schematics and Procedures for Bulk Sample Program at Lac Arsenault Project, QuebecMay 22, 2025 8:38 AM EDT | Source: Canadian Gold Resources Ltd.Dieppe, New Brunswick--(Newsfile Corp. - May 22, 2025) - Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to announce that it has finalized the bulk sample extraction schematics and procedures for a bulk sampling program at its 100%-owned Lac Arsenault ...

Canaan (CAN) Q1 2025 Earnings Call May 20, 2025 08:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by, and welcome to Canons Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the management prepared remarks, we will have a question and answer session. Please note that this event is being recorded. Now I'd like to hand the conference over to your speaker today, Ms. Gwynne Lauber, Investor Relations Director of the co ...

Company Performance - Canaan reported a quarterly loss of $0.27 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.15, and compared to a loss of $0.16 per share a year ago, indicating an earnings surprise of -80% [1] - The company posted revenues of $82.78 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 7.11%, but showing significant growth from year-ago revenues of $35.09 million [2] - Over the last four quarters, Canaan has surpassed consensus EPS estimates just once, while it has topped consensus revenue estimates three times [2] Stock Outlook - Canaan shares have lost about 60% since the beginning of the year, contrasting with the S&P 500's gain of 1.4% [3] - The current consensus EPS estimate for the coming quarter is -$0.08 on revenues of $134.65 million, with a breakeven estimate on revenues of $664.2 million for the current fiscal year [7] - The estimate revisions trend for Canaan is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Canaan belongs, is currently in the bottom 45% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Canaan's stock performance [5]

Total revenues of US$82.8 million exceeded guidance, up 135.9% YoYBitcoin mining revenues reached US$24.3 million, up 131.9% YoYSINGAPORE, May 20, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months ended March 31, 2025.First Quarter 2025 Operating and Financial HighlightsTotal revenues were US$82.8 million, which beat the guidance of US$75 million and increased 135.9% year-over-year.T ...

SINGAPORE, May 16, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that on May 13, 2025, it received a written notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price of its American depositary shares (the "ADSs") was below US$1.00 per share for the last 30 consecutive business days. The Nasdaq notification letter ...

SINGAPORE, May 14, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending April 30, 2025.Management Commentary"Our April production metrics demonstrate our ability to maintain a cost-effective mining operation on a global scale, as we expand our footprint and grow our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan. "Consistent with our policy, we ...

SINGAPORE, May 12, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the first quarter ended March 31, 2025, before the U.S. market opens on May 20, 2025.The Company's management team will hold a conference call at 8:00 A.M. on May 20, 2025, U.S. Eastern Time (8:00 P.M. on the same day, Singapore Time) to discuss the financial results. Details for the conference call are as follows: E ...

Canaan (CAN) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may m ...