Core Insights - Canaan Inc. will participate in two upcoming conferences: the 5th Annual Needham Virtual Crypto Conference on September 4, 2025, and the 27th Annual H.C. Wainwright Global Investment Conference from September 8 to September 10, 2025 [1][6]. 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 has significant experience in chip design and production in the ASIC field, having shipped the world's first batch of mining machines using ASIC technology under the Avalon brand in 2013 [4]. - Canaan completed its initial public offering on the Nasdaq Global Market in 2019 [4].

SINGAPORE, Aug. 7, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the second quarter ended June 30, 2025, before the U.S. market opens on August 14, 2025.The Company's management team will hold a conference call at 8:00 A.M. on August 14, 2025, U.S. Eastern Time (8:00 P.M. on the same day, Singapore Time) to discuss the financial results. Details for the conference call are as follow ...

Core Viewpoint - Canaan Inc. has successfully converted all Series A-1 Convertible Preferred Shares into American Depositary Shares (ADSs) and sold them in the open market, indicating strong institutional support and capital mobilization for its operations [1][2]. Group 1: Financial Transactions - The Series A-1 Preferred Shares financing agreement with the institutional investor was initially set for total gross proceeds of up to US$200 million, with the first tranche of US$100 million closing on March 10, 2025 [2]. - The second tranche of the financing was mutually agreed to be terminated effective April 30, 2025 [2]. Group 2: Operational Performance - Canaan's deployed hashrate increased to 8.15 EH/s in June 2025, representing a 30% increase from 6.28 EH/s in February 2025 [3]. - The hashrate includes 4.22 EH/s from 100% green mining operations in Ethiopia and 3.66 EH/s deployed in North America, with an additional 1.00 EH/s en route to the U.S. [3]. Group 3: Company Background - Canaan Inc., established in 2013, focuses on ASIC high-performance computing chip design, production, and software services, and was the first to ship mining machines incorporating ASIC technology in bitcoin's history [4]. - The company went public on the Nasdaq Global Market in 2019 [4].

SINGAPORE, June 9, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its chairman and chief executive officer, Nangeng Zhang, and its chief financial officer, James Jin Cheng, had purchased additional shares of the Company's stock in the open market. Such transactions complied with the Company's internal trading policy as well as relevant laws and regulations. Mr. Zhang and Mr. Cheng together acquired an aggregate of 817,268 Ameri ...

SINGAPORE, May 12, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the first quarter ended March 31, 2025, before the U.S. market opens on May 20, 2025.The Company's management team will hold a conference call at 8:00 A.M. on May 20, 2025, U.S. Eastern Time (8:00 P.M. on the same day, Singapore Time) to discuss the financial results. Details for the conference call are as follows: E ...