Product Launch - Canaan Inc announced the launch of two new Bitcoin mining devices, the Avalon Mini 3 and Avalon Nano 3S, at CES in Las Vegas [1] - The Avalon Mini 3 has a hashrate of 37.5Th/s and combines Bitcoin mining with home heating functionality [2] - The Avalon Nano 3S, an upgraded version of the Avalon Nano 3, has a hashrate of 6Th/s and is designed as an affordable, beginner-friendly mining device [3] Product Features - The Avalon Mini 3 offers a dual-purpose solution for efficient Bitcoin mining and home heating, with app-controlled operation and a sleek, quiet design [2] - The Avalon Nano 3S features a compact, portable design with low power consumption, making it ideal for individual users and supporting Bitcoin network decentralization [3] - The Avalon Mini 3's heat recycling capability allows users to offset energy costs and reduce environmental impact while mining Bitcoin [4] Company Vision - Canaan aims to make Bitcoin mining accessible to everyone through user-friendly, practical mining solutions [5] - The company envisions sustainable, multi-purpose technology that creates value while minimizing environmental waste [5] - The Avalon Mini 3 exemplifies this vision by generating cryptocurrency while heating homes [5] Pricing and Availability - The Avalon Nano 3S is priced at USD249 and the Avalon Mini 3 at USD899 during the preorder period until the end of February 2025 [6] - Preorders are available at https://canaan.io/avalonhome [6] Company Background - Canaan Inc is a technology company focused on ASIC high-performance computing chip design, R&D, computing equipment production, and software services [7] - In 2013, Canaan shipped the world's first batch of ASIC-based Bitcoin mining machines under the Avalon brand [7]

SINGAPORE, Jan. 6, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan U.S. Inc., a wholly owned subsidiary of the Company, has entered into a purchase agreement with a new, strategic United States customer for its Avalon A15XP miners. According to the purchase agreement, Canaan U.S. Inc. will provide the customer with 2800 air-cooled Avalon A15XP miners that will be added to its large mining fleet.  ...

DIEPPE, New Brunswick, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN) is pleased to announce a non-brokered private placement (the “Offering”) of: up to 7,500,000 flow-through units (each, an “FT Unit”), at $0.30 per FT Unit, for aggregate gross proceeds of up to $2,250,000; andup to 1,000,000 non flow-through units (each, an “NFT Unit”), at $0.25 per NFT Unit, for aggregate gross proceeds of up to $250,000. Each FT Unit shall be comprised of on ...

VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Canadian Gold Resource Ltd. ("Canadian Gold" or the "Company”) (TSX.V: CAN) is pleased to announce the expansion of its Lac Arsenault property with the addition of 64 new claims, increasing its size by 36.62 square kilometres (3,662.2 hectares), nearly doubling the size of the existing property. This strategic acquisition targets key structural features associated with high-grade epithermal gold and silver mineralization. Expansion and Explorati ...

Provides 2000 A15 Hydro Bitcoin mining machines in initial orderContinues global expansion with addition of new customerSINGAPORE, Dec. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with AGM Group Holdings Inc. ("AGMH"), an integrated technology company specializing i ...

VANCOUVER, British Columbia, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN) (formerly “Amseco Exploration Ltd.”) is pleased to announce that the common shares of the Company will officially commence trading on the TSX Venture Exchange (“TSXV”) under the trading symbol “CAN” and new CUSIP #13585U109, as of market open today, Thursday, December 12, 2024. “The listing marks a significant milestone for Canadian Gold, providing the Company with great ...

Exhibit 10.2 CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS OF SERIES A CONVERTIBLE PREFERRED SHARES OF CANAAN INC. Canaan Inc. (the "Company"), an exempted company incorporated and existing under the Companies Act (As Revised) of the Cayman Islands (the "Companies Act"), does hereby certify that, pursuant to authority conferred upon the Board of Directors of the Company (the "Board") by the Amended and Restated Memorandum and Articles of Association of the Company (the "Memorandum and Articles of Asso ...

SINGAPORE, Dec. 2, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will participate in the following investor conferences in December 2024. Canaan's management plans to host one-on-one meetings with institutional investors at the conferences.B. Riley Securities Energy Convergence ConferenceNew York, NYDecember 4, 2024Benchmark 13th Annual Discovery One-on-One ConferenceNew York, NYDecember 1 ...

SINGAPORE, Nov. 26, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the "Preferred Shares Financing"), raising total gross proceeds of US$30 million. On November 19, 2024, the Company entered into a securities purchase agreement ("Securities Purchase Agreement") with an institutional investor (the "Buyer"), pursuant to which t ...

From a technical perspective, Canaan Inc. Sponsored ADR (CAN) is looking like an interesting pick, as it just reached a key level of support. CAN's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover invo ...