Core Viewpoint Canaan Inc. reported a resilient performance in its bitcoin mining operations for June 2025, despite facing challenges such as weather-related disruptions and maintenance. The company achieved a record high in bitcoin reserves and continued its North American expansion while executing a stock repurchase program to protect shareholder value. Group 1: Production and Mining Operations - In June 2025, Canaan mined a total of 88 bitcoins, a decrease attributed to a temporary reduction in operating hashrate due to weather-related curtailments and maintenance [2] - The month-end operating hashrate was recorded at 6.57 EH/s, while the deployed hashrate stood at 8.15 EH/s [5][9] - The average all-in power cost during June was US$0.045 per kWh [5] Group 2: Bitcoin Reserves and Financial Strength - Canaan closed June with a record high of 1,484 bitcoins in total cryptocurrency holdings, reflecting the company's financial strength and commitment to accumulating bitcoin strategically [3] - The month-end average revenue split was 62.3%, indicating a favorable revenue-sharing arrangement [5] Group 3: Expansion and Infrastructure - The company is advancing its North American expansion, with approximately 1 EH/s of new computing power en route to U.S. facilities, expected to be operational by the end of July 2025 [4][13] - The installed power capacity across global operations reached 216.0 MW, with 76.3 MW in North America and 139.6 MW in non-North America [5][9] Group 4: Shareholder Value and Corporate Actions - Canaan executed a stock repurchase program throughout June, demonstrating confidence in the company's long-term prospects [5] - On June 9, 2025, the CEO and CFO purchased a total of 817,268 American Depositary Shares at an average price of US$0.76 per ADS, reflecting their commitment to the company's future [11]

Company to discontinue its non-core AI semiconductor business to sharpen focus on crypto-related businessesSINGAPORE, June 23, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has commenced a strategic realignment aimed at sharpening its focus on its core businesses of bitcoin mining machine sales, self-mining operations, and consumer mining products. As part of this initiative, the Company will discontinue its non-core AI sem ...

Core Viewpoint - Hyperscale Data, Inc. has entered into a Hosting Services Agreement with Montana OP LLC to enhance its Bitcoin mining operations through access to energy capacity and critical infrastructure [1][2]. Group 1: Agreement Details - The Hosting Services Agreement has an initial term of one year with automatic renewals unless terminated 90 days prior to the end of the current term [2]. - Sentinum plans to deploy approximately 6,800 S19j Pro Antminers at the Montana data center, expected to be operational by the end of June 2025 [2]. - The Service Provider can curtail electrical load during high demand periods, with net profits from energy sales being split equally between Sentinum and the Service Provider [2]. Group 2: Company Strategy and Operations - The Company aims to capitalize on the increasing price of Bitcoin and potential revenue from energy curtailment [3]. - Sentinum's deployment of dormant Bitcoin mining machines is expected to significantly improve its mining operations [3]. - The data center serves as a hedge to the grid, allowing the Company to sell power when prices are high and use it for Bitcoin mining when prices are low [3]. Group 3: Future Plans and Divestiture - Hyperscale Data plans to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, focusing solely on data center operations and potentially continuing Bitcoin mining [5]. - The divestiture will occur through the exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become ACG shareholders [6].

SINGAPORE, June 10, 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 May 31, 2025.Management Commentary"In May 2025, despite the 10% increase in tariffs on our Malaysia-made Bitcoin mining machines due to ongoing U.S. trade uncertainties, we remained focused on executing our strategic priorities with discipline and agility," said Nangeng Zhang, chairman and chief executive office ...

The company will be controlled by two asset managers tied to Singapore's Antalpha Ventures, while Cango's co-founders' voting rights will drop to 18.54%Key Takeaways:Enduring Wealth, a company tied to Singapore's Antalpha Ventures, will hold a controlling 36.74% of Cango's voting rights after the company's transformation to a bitcoin minerCango co-founders Zhang Xiaojun and Lin Jiayuan will see their voting rights in Cango drop to a combined 12.07% post-transformation, from a previous 92.5%After more than a ...

SINGAPORE, May 27, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may repurchase up to US$30 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares, over the next six months starting from May 27, 2025.Nangeng Zhang, chairman an ...

Core Insights - AgriForce Growing Systems Ltd. has completed the final installation of 500 Bitmain S19j Pro 100T Bitcoin mining machines at its mining facility in East Palestine, Ohio [1] - The company aims to surpass one exahash in hashrate during Q2 of 2025, indicating progress towards this goal in the current calendar quarter [2] - AgriForce is focused on addressing challenges in agriculture, digital infrastructure, and environmental innovation, emphasizing energy-efficient operations and sustainable growth [3] Company Overview - AgriForce Growing Systems Ltd. is a technology company committed to creating long-term value through proprietary infrastructure strategies and clean energy assets [3]

Core Insights - AgriForce Growing Systems Ltd. has completed the installation of 500 Bitmain S19j Pro 100T Bitcoin mining machines at its East Palestine, Ohio facility, marking a significant operational milestone in its Bitcoin mining strategy [1][2][3] Group 1: Operational Capacity - The new installation will add 50 petahash per second (PH/s) to AgriForce's operations, increasing the total active hashrate to 130 PH/s across two sites in Ohio [2][3] - The facility is designed to handle a power draw of 1.475 megawatts (MW) while utilizing efficient load balancing across its 2 MW capacity [3] Group 2: Strategic Goals - The company aims to surpass one exahash in hashrate by Q2 of 2025, demonstrating its commitment to aggressive and capital-efficient scaling [4] - The successful installation reflects the company's logistical coordination and focus on rapid deployment of hashpower [3][4] Group 3: Company Overview - AgriForce is a technology company focused on addressing challenges in agriculture, digital infrastructure, and environmental innovation, emphasizing energy-efficient operations and sustainable growth [4]

SINGAPORE, May 16, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that on May 13, 2025, it received a written notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price of its American depositary shares (the "ADSs") was below US$1.00 per share for the last 30 consecutive business days. The Nasdaq notification letter ...

Core Insights - AgriForce Growing Systems Ltd. has successfully delivered 500 Bitmain S19j Pro 100T Bitcoin mining machines for installation at its second facility in East Palestine, Ohio, marking a significant step in its expansion strategy [1][4] - The new equipment is expected to add 50 petahash per second (PH/s) of mining capacity, bringing the total operational hashrate in Ohio to 130 PH/s, which includes the existing 80 PH/s from another facility [2][3] - The company emphasizes its competitive position in the North American Bitcoin mining sector by leveraging low-cost power agreements and vertically integrated infrastructure [3] Company Strategy - The delivery of the new machines is seen as a strategic milestone in AgriForce's scale-up roadmap, aimed at enhancing operational capacity and cost efficiency [4] - The company aims to reach a target of one exahash in total mining capacity, showcasing its commitment to growth and efficiency in converting investments into revenue-generating assets [4] - AgriForce's ability to quickly locate and install well-priced miners demonstrates its operational agility and effectiveness in optimizing success rates [4] Technical Specifications - Each Bitmain S19j Pro 100T unit has a hashrate of 100 terahash per second (TH/s) and a power consumption of approximately 2,950 watts, contributing to a total system power draw of around 1.475 megawatts (MW) for the 500 units [8] - The facility in East Palestine has a total capacity of 2 MW, allowing for optimized load balancing [8] Company Overview - AgriForce Growing Systems Ltd. is focused on addressing challenges in agriculture, digital infrastructure, and environmental innovation, with a commitment to building energy-efficient operations [5] - The company leverages proprietary infrastructure strategies and clean energy assets to drive sustainable growth and long-term value creation [5]