Canaan(CAN) - 2023 Q2 - Quarterly Report

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 ...