Exhibit 99.1 Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results Singapore, February 27, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading highperformance computing solutions provider, today announced its unaudited financial results for the three months and twelve months ended December 31, 2023. Fourth Quarter 2023 Operating and Financial Highlights Total computing power sold was 5.5 million Thash/s, representing an increase of 45.7% from 3.8 ...

While investors should probably direct the majority of their market-earmarked funds toward slow-and-steady ideas – à la Warren Buffett – sometimes, we end up with gambling money. And in that case, speculative stocks to double your money might make sense.To be 100% clear, anytime investors venture into high-risk, high-reward stocks, there’s a reason for the warning. Mainly, when market participants buy established blue chips, they’re paying a premium for the predictability. It’s like paying for a business cl ...

If Federal Reserve Chair Jerome Powell really does reduce interest rates, then forward-looking investors ought to consider blockchain stocks. True, you can always go for the individual cryptocurrencies. However, this arena carries both market and what I would term “administrative” risks. From data breaches to agonizingly forgetting passwords, a lot of stuff can go wrong.I’m not saying that with blockchain stock picks that nothing can go wrong. Of course, this sector naturally carries high risks. For one thi ...

Cipher's JV entities have purchased 16,700 A1466 model Avalon Miners; the 11,000 previously bought A1346 model Avalon Miners have been delivered and installed at Cipher's Odessa Facility Stronghold has purchased 1,100 A1346 model Avalon Miners; the 2,000 previously bought A1346 model Avalon Miners have been delivered and installed at Stronghold's Patha Creek Plant SINGAPORE, Jan. 3, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan"), a leading high-performance computing solutions provider, today an ...

Canaan Inc. (NASDAQ:CAN) Q3 2023 Earnings Conference Call November 28, 2023 8:00 AM ET Company Participants Clark Soucy - IR Director Nangeng Zhang - Chairman and CEO James Jin Cheng - CFO Conference Call Participants Lucas Pipes - B. Riley Securities Michael Donovan - H.C. Wainwright Michael Legg - The Benchmark Company Shuang Sun - Guosheng Securities Operator Ladies and gentlemen, thank you for standing by and welcome to Canaan Inc.'s Third Quarter 2023 Earnings Conference Call. At this time, all partici ...

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 ...

Canaan Inc. (NASDAQ:CAN) Q2 2023 Earnings Call Transcript August 29, 2023 8:00 AM ET Company Participants Clark Soucy - IR Director Nangeng Zhang - Chairman and CEO James Jin Cheng - CFO Conference Call Participants Mike Legg - The Benchmark Company Kevin Dede - H.C. Wainwright Shuang Sun - Guosheng Securities Operator Ladies and gentlemen, thank you for standing by and welcome to Canaan Inc.’s Second Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the ma ...

Exhibit 99.1 Canaan Inc. Reports Unaudited Second Quarter 2023 Financial Results - Total Computing Power Sold Achieved 6.1 Million Thash/s, up 45.2% QoQ - - Bitcoin Mining Revenues Reached US$15.9 Million, up 43.3% QoQ - Singapore, August 29, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading highperformance computing solutions provider, today announced its unaudited financial results for the three months ended June 30, 2023. Second Quarter 2023 Operating and Financial Hig ...

Financial Data and Key Metrics Changes - In Q1 2023, total revenue was $55.2 million, down from $58.3 million in Q4 2022 and significantly lower than $201.8 million in Q1 2022 [35] - Gross loss for Q1 2023 was $47.5 million, an improvement from a gross loss of $64.1 million in Q4 2022 [36] - Net loss narrowed to $84.4 million in Q1 2023 from $91.6 million in Q4 2022 [36] Business Line Data and Key Metrics Changes - Mining machine sales revenue was $43.7 million, a decrease of 7.6% from $47.3 million in the previous quarter [27] - Mining revenue increased to $11 million, a 3.3% sequential increase from $10.7 million in Q4 2022, marking a new record high [29] - AI revenue reached $0.41 million, a 68.6% increase compared to $0.24 million in Q4 2022 [30] Market Data and Key Metrics Changes - The average selling price of computing power dropped to $10 per terahash per second, despite a 126.8% increase in sales volume to 4.2 million terahash per second [27] - The company faced challenges due to U.S. bank failures, which caused delays in payments and shipments [13] Company Strategy and Development Direction - The company focuses on four strategic areas: long-term R&D and production capacity investment, enhancing the sales system, expanding mining deployment, and maintaining a solid balance sheet [8] - The company aims to continue its mining strategy and has established partnerships to expand its mining operations [15][41] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the economic environment, noting that the price of bitcoin may continue to fluctuate [20] - For Q2 2023, the company expects revenue of approximately $72 million, reflecting a 30% increase from Q1 [35] Other Important Information - The company changed its reporting currency from renminbi to U.S. dollars to better reflect global sales [25] - As of March 31, 2023, the company held 623 bitcoins, down from 757 at the end of 2022 [33] Q&A Session Summary Question: What is the self-mining hash rate target for the year and geographic information on equipment sales? - Management indicated that deployed computing power exceeded 5 exahash per second, with expectations to reach around 4.5 exahash in Q2 [39][41] - The leading market remains the U.S., but opportunities are growing in Southeast Asia, the Middle East, and South America [42] Question: What is the company's strategy regarding bitcoin sales? - The company currently has no plans to sell its bitcoin holdings, focusing instead on long-term appreciation [54] Question: Can you comment on the Cipher sale and pricing environment? - The company secured a sale of 11,000 units to Cipher, but the overall pricing environment remains challenging with low prices due to high inventory levels [56][58] Question: What is the estimated revenue contribution for the A13 series? - The A13 series accounted for 47% of total machine sales revenue in Q1, with expectations to become the largest revenue source in Q2 [65] Question: What is the reasonable revenue mix for the mining business in the long term? - The mining business is expected to contribute around 15% to 20% of total revenue in the future, with potential growth opportunities [70]

Exhibit 99.1 Canaan Inc. Reports Unaudited First Quarter 2023 Financial Results - Total Computing Power Sold Rebounded to 4.2 Million Thash/s, up 126.8% QoQ - Singapore, May 26, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended March 31, 2023. Starting from January 1, 2023, the Company changed its reporting currency from Renminbi to U.S. dollar. The al ...