Canaan Inc.

Canaan, Inc. provides computing solutions to solve problems. Currently, the firm is focused on the research and development of technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. It also provides a suite of AI service solutions. The company was founded by Li Jia Xuan, Liu Xiang Fu and Zhang Nan Geng in 2013 and is headquartered in Beijing, China.

Earnings data Q1 2024

Canaan Inc. Q1 2023 Sees Revival in Bitcoin Mining Demand

Canaan Inc. Q1 2023 reflects a resilient performance in the bitcoin mining industry, with a focus on innovation, global expansion, and financial stability. Despite ongoing challenges, the company is well-positioned to capitalize on opportunities for revenue growth and market share expansion.

Canaan Inc. reports record high mining revenue in Q2 2023

Canaan Inc. reported strong financial performance in Q2 2023, with record high mining revenue and increased total revenue. The company remains committed to R&D, product diversification, and global sales expansion despite challenges in Bitcoin price trends and mining difficulty. While facing inventory write-downs, Canaan Inc. maintains a focus on operational efficiency and cost management.

CAN reports resilient Q3 performance amidst Bitcoin price decline

CAN's Q3 performance reflects resilience amid market challenges, with total revenue exceeding guidance. The company's proactive approach to funding R&D expansion and the announcement of future contracts for mining machines indicate a focus on long-term growth. However, the impact of declining Bitcoin prices and the need for operational efficiency are key considerations.

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Canaan, Inc. engages in the provision of computing solutions. Currently, the firm is focused on the research and development of technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. It also provides a suite of AI service solutions. The company was founded by Li Jia Xuan, Liu Xiang Fu and Zhang Nan Geng in 2013 and is headquartered in Singapore.

SINGAPORE , April 17, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC") on April 17, 2024. The annual report on Form 20-F can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at https://investor.canaan-creative.com/.

Canaan Inc. Files 2023 Annual Report on Form 20-F

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TORONTO, ON / ACCESSWIRE / March 27, 2024 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light and/or radiation activated Photo Dynamic Compounds ("PDCs") for the safe and effective destruction of various cancers, bacteria and viruses has released the Company's audited annual consolidated 2023 financial statements ("Financial Statements"). Theralase® will be hosting a conference call on Wednesday April 3rd, 2024 at 11:00 am ET, which will include a presentation of the financial and operational results for the fiscal year ending December 31st , 2023.

Theralase(R) Release's 4Q2023 Interim Financial Statements

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SHANGHAI--(BUSINESS WIRE)-- #3DNoiseReduction--VeriSilicon's ISP8000 IP is capable of real-time processing of three or more streams of high-definition video.

Canaan's RISC-V based edge AIoT SoC adopted VeriSilicon's ISP and GPU IPs

Canaan Inc. (CAN) Q4 2023 Earnings Call Transcript

SINGAPORE , Feb. 27, 2024 /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 and twelve months ended December 31, 2023. Fourth Quarter 2023 Operating and Financial Highlights Total computing power sold was 5.5 million Thash/s, representing an increase of 45.7% from 3.8 million Thash/s in the third quarter of 2023 and an increase of 191.9% from 1.9 million Thash/s in the same period of 2022.

Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

SINGAPORE , Feb. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2023, before the U.S. market opens on February 27, 2024. The Company's management team will hold a conference call at 8:00 A.M.

Canaan Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024

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TORONTO, ON / ACCESSWIRE / February 5, 2024 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light and/or radiation activated Photo Dynamic Compounds ("PDCs") for the safe and effective destruction of various cancers, bacteria and viruses, is pleased to announce that it has successfully closed a non-brokered private placement offering ("Offering") of units ("Units"). On closing, the Corporation issued an aggregate of 6,666,670 Units at a price of $CAN 0.18 per Unit for aggregate gross proceeds of approximately $CAN 1,200,000.

Theralase(R) Closes $CAN 1.2 Million Non-Brokered Private Placement

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Stronghold Digital Mining

Cipher's JV entities have purchased 16,700 A1466 model Avalon Miners; the 11,000 previously bought A1346 model Avalon Miners have been delivered and installed at Cipher's Odessa Facility Stronghold has purchased 1,100 A1346 model Avalon Miners; the 2,000 previously bought A1346 model Avalon Miners have been delivered and installed at Stronghold's Patha Creek Plant SINGAPORE , Jan. 3, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan"), a leading high-performance computing solutions provider, today announced that it has secured follow-on purchase orders from joint venture entities of Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher") and from Stronghold Digital Mining, Inc. (NASDAQ: SDIG) ("Stronghold"). The orders, which combined involve the purchase of over 17,000 Bitcoin mining machines, build upon Canaan's existing relationships with Cipher and Stronghold.

Canaan Secures Follow-On Purchase Orders from Cipher and Stronghold

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TORONTO, ON / ACCESSWIRE / November 29, 2023 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light and/or radiation activated Photo Dynamic Compounds ("PDCs") for the safe and effective destruction of various cancers, bacteria and viruses has released the Company's 3Q2023 unaudited condensed interim consolidated Financial Statements ("Financial Statements"). Financial Summary: For the nine-month period ended September 30th: 1 Other represents foreign exchange, interest accretion on lease liabilities and / or interest income Financial Highlights for the Nine-Month Period Ended September 30 th , 2023: Total revenue decreased 13%, year over year.

Theralase Release's 3Q2023 Interim Financial Statements

TORONTO, ON / ACCESSWIRE / November 29, 2023 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light and/or radiation activated Photo Dynamic Compounds ("PDCs") for the safe and effective destruction of various cancers, bacteria and viruses, is pleased to announce that it has has successfully closed a non-brokered private placement offering ("Offering") of units ("Units"). On closing, the Corporation issued an aggregate of 5,318,183 Units at a price of $0.22 per Unit for aggregate gross proceeds of approximately $CAN 1,170,000.

Theralase(R) Closes $CAN 1.17 Million Non-Brokered Private Placement

Canaan Inc. (NASDAQ:CAN ) Q3 2023 Earnings Conference Call November 28, 2023 8:00 AM ET Company Participants Clark Soucy - IR Director Nangeng Zhang - Chairman and CEO James Jin Cheng - CFO Conference Call Participants Lucas Pipes - B. Riley Securities Michael Donovan - H.C.

Canaan Inc. (CAN) Q3 2023 Earnings Call Transcript

Canaan (CAN) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to earnings of $0.14 per share a year ago.

Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates

SINGAPORE , Nov. 28, 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 September 30, 2023. Third Quarter 2023 Operating and Financial Highlights Total computing power sold was 3.8 million Thash/s, representing a decrease of 38.7% from 6.1 million Thash/s in the second quarter of 2023 and an increase of 8.7% from 3.5 million Thash/s in the same period of 2022.

Canaan Inc. Reports Unaudited Third Quarter 2023 Financial Results

SINGAPORE , Nov. 20, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the third quarter ended September 30, 2023, before the U.S. market opens on November 28, 2023. The Company's management team will hold a conference call at 8:00 A.M.

Canaan Inc. to Report Third Quarter 2023 Financial Results on November 28, 2023

TORONTO, ON / ACCESSWIRE / November 17, 2023 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light and/or radiation activated Photo Dynamic Compounds ("PDCs") used for the safe and effective destruction of various cancers, bacteria and viruses, has commenced a non-brokered private placement of units of the Company ("Units") to raise up to $CAN 1.5 M ("Offering"). In the Offering, each Unit is priced at $CAN 0.22 and consists of one common share of the Company ("Common Share") and one Common Share purchase warrant ("Warrant").

News for Canaan Inc. Stock (CAN)