Canaan Makes Statement Regarding Shelf Registration Submission

Core Viewpoint - Canaan Inc. has filed a universal shelf registration statement with the SEC to streamline future strategic needs, although it is not obligated to offer or sell securities under this registration [1][2]. Company Overview - Canaan Inc. is a technology company established in 2013, focusing on ASIC high-performance computing chip design, research and development, production of computing equipment, and software services [4]. - The company is recognized for shipping the world's first batch of ASIC technology mining machines for bitcoin under the brand name Avalon [4]. - Canaan went public on the Nasdaq Global Market in 2019 [4]. Registration Statement Details - The registration statement has been filed but is not yet effective, meaning securities cannot be sold or offered until it becomes effective [2]. - The terms of any offerings under the registration will be determined at the time of the offering and will depend on market conditions [2]. Current Operations - Canaan's operations remain stable as it continues to support the ecosystem and miner partners globally with computing power and mining solutions [2]. - For detailed information on current operations, the company refers to its annual report on Form 20-F for the fiscal year ended December 31, 2023 [2].