Core Points - Canadian Gold Resources Ltd. has terminated its investor relations agreement with Alliance Advisors, LLC effective February 21, 2025, and has withdrawn its application to TSXV to accept the agreement [1][2] - The decision to terminate the agreement was based on the company's strategic direction and ongoing challenges related to the operating terms of the agreement for both parties [2] - The company is committed to enhancing shareholder value and will seek alternative options for effective communication with stakeholders and the investment community [2] Stock Options - The company granted 1,500,000 stock options to board members and 500,000 options to various officers, employees, and non-investor relations consultants effective January 23, 2025 [3] - Each option allows the holder to acquire one common share at a price of $0.25 per share for a period of 10 years, with no vesting provisions [3] Company Overview - Canadian Gold Resources Ltd. is focused on developing high-grade gold projects in the Gaspé Gold Belt of Quebec, targeting under-explored, past-producing properties with significant growth potential [4] - The company utilizes modern exploration techniques to unlock value and is committed to sustainability and community engagement [4]

Core Insights - Canaan Inc. reported significant progress in its bitcoin mining operations for January 2025, including an increase in mined bitcoins and expanded self-mining capacity [2][4]. Business Performance - The company mined 88 bitcoins in January 2025, up from 62 in December 2024, reflecting a strong operational performance [2][4]. - Canaan's month-end bitcoin holdings reached 1,319 bitcoins [4]. - The deployed global hashrate increased by 18.2%, from 5.44 EH/s to 6.43 EH/s [2][4]. - The average revenue split improved from 53.7% to 57.3% [2][4]. - The all-in power cost remained competitive at $0.04 per kWh [2][4]. Product Innovation - Canaan launched two new consumer products at CES 2025: the Avalon Mini 3, a smart-home bitcoin mining heater with 37.5 TH/s, and the Avalon Nano 3S, a portable miner with 6 TH/s [3][11]. - Both products have received positive reviews and are available for pre-order [3][11]. Mining Operations Expansion - The company expanded its joint mining agreement with Luna Square, increasing the capacity from 30 MW to 36 MW [2][14]. - As of January 31, 2025, Canaan had 1,704 A14 series Avalon miners energized in Texas, with more expected to come online in the first quarter [2][14]. - A mining rig upgrade at Stronghold's Panther Creek facility increased the site's total computing power by 26%, from 0.74 EH/s to 0.93 EH/s [14]. Current Mining Projects - Canaan has a total of 9 active mining projects globally, with a combined operating hashrate of 5.53 EH/s and a deployed hashrate of 6.43 EH/s [7][8]. - The company expects to bring offline approximately 0.42 EH/s of its mining computing power in Ethiopia due to expiring project collaborations [9].

Group 1 - Canaan Inc. will participate in the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference on February 12, 2025, with Christopher Crowell presenting [1] - The conference will feature discussions on the evolution of the digital asset industry, including regulatory changes expected in the near future [2] - Canaan is recognized as an innovator in crypto mining, focusing on ASIC high-performance computing chip design and production [4] Group 2 - Canaan was established in 2013 and is known for shipping the world's first batch of ASIC mining machines under the Avalon brand [4] - The company went public on the Nasdaq Global Market in 2019, indicating its growth and establishment in the industry [4] - Maxim Group LLC, the organizer of the conference, is a full-service investment banking and securities firm, providing a range of financial services [3]

Core Insights - Canadian Gold Resources Ltd. has announced the preliminary interpretation of airborne magnetic survey data for its Robidoux property, marking a significant milestone in its exploration efforts in the Gaspé Gold Belt of Quebec [1][2][3] Exploration and Findings - The survey results provide detailed structural insights into the Robidoux property, which is part of a 34 km stretch along the Grand Pabos Fault, indicating significant exploration potential [2][5] - Key fault structures have been identified that align with known mineral showings, enhancing the outlook for new gold and silver discoveries [3][5] - The new data has clarified the location of the Grand Pabos Fault and revealed additional splay and secondary structures that offer valuable drill targets for future exploration [5][7] Management Commentary - The Chairman, President, and CEO of Canadian Gold expressed confidence in the potential for new discoveries along the Grand Pabos Fault system, emphasizing the importance of the survey results in guiding future drilling efforts [3][7] Corporate Developments - David Henniger has been appointed to the Board of Directors, bringing extensive experience in governance and finance [8] - The company has granted a total of 2,000,000 stock options to its Board members as part of its long-term incentive plan, effective January 23, 2025 [9] Company Overview - Canadian Gold Resources Ltd. focuses on developing high-grade gold projects in the Gaspé Gold Belt, targeting under-explored, past-producing properties with significant growth potential [11][12]

Expects total revenues for FY2025 in the range of US$900 million to US$1.1 billionSINGAPORE, Jan. 21, 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 December 31, 2024, and provided financial guidance for fiscal year 2025.Management Commentary"Since the beginning of the fourth quarter of 2024, we have made considerable progress in expanding our market presence, strengthening par ...

DIEPPE, New Brunswick, Jan. 20, 2025 (GLOBE NEWSWIRE) -- Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN), Canadian exploration company focused on developing high-grade gold projects in the Gaspé Gold Belt of Quebec, is pleased to announce it has entered into an investor relations agreement (the “Alliance Agreement”) with Alliance Advisors Investor Relations (“Alliance”) and has retained Integral Wealth Securities Limited (“Integral”) to provide market-making services (the “Integr ...

Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.Many stocks and funds in the cryptocurrency sphere soared on Friday. The classic Bitcoin (BTC 4.71%) cryptocurrency gained as much as 5.3%, as measured from Thursday's market close, boosting a wide range of closely related investments in the process.Here's a sample of the most interesting Bitcoin-based gains:Stock or FundMax Intraday Price Gain on FridayMar ...

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 ...