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.

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Canaan Inc. surpasses revenue expectations amidst bitcoin industry challenges

Canaan Inc. navigated industry challenges to exceed revenue guidance, focusing on R&D investment and global mining expansion. The company faces tough market conditions but is strategically balancing share buyback and ATM use. Opportunities lie in AI chip development and expanding mining operations in North America.

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 robust Q2 mining revenue amidst market challenges

Canaan Inc. delivered solid financial performance in Q2 2023, with a focus on mining revenue and strategic growth initiatives. However, challenges from policy changes and market uncertainties warrant a cautious outlook for future revenue. The company remains resilient and adaptable in addressing industry dynamics.

Canaan Inc. reports Q3 revenue beat amidst market challenges

Canaan Inc. navigated a challenging quarter marked by financial losses and operational disruptions, yet demonstrated resilience through product innovation and market expansion efforts.
The company's proactive approach to raising capital and restructuring business segments indicates a strategic focus on long-term growth and sustainability.
While facing uncertainties in the industry, Canaan Inc. remains positioned to capitalize on opportunities for growth through product development and strategic partnerships.

Canaan Inc. surpasses revenue expectations, eyes growth amid market uncertainties

Canaan Inc. delivered strong financial performance in Q4 2023, surpassing revenue expectations and achieving notable sales growth. The company's strategic focus on innovation, partnerships, and operational efficiency positions it well for future growth. While challenges exist, Canaan Inc. is proactively addressing market uncertainties and pursuing growth opportunities.

Canaan Inc. reports Q1 revenue of USD 35 million, eyes growth

Canaan Inc. demonstrated strong revenue generation in Q1 2024 but faced a net loss due to significant operating expenses.
The company's focus on enhancing mining machines and managing costs positions it well for future growth and profitability.
Despite challenges, Canaan's strategic approach to cash management and product development presents opportunities for sustained success in the mining industry.
Investors should monitor Canaan's performance closely as the company aims for continued revenue growth in the upcoming quarters.

Canaan Inc. reports robust Q2 results amidst market challenges

Canaan Inc. reported strong Q2 2024 results with sequential revenue growth, operational improvements, and a positive outlook for future performance
The company's focus on innovation, cost management, and global expansion positions it well to navigate market challenges and capitalize on growth opportunities
Despite market uncertainties and operational challenges, Canaan Inc. remains resilient, adaptive, and poised for continued success in the cryptocurrency mining industry

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Canaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. It focuses on the development of green mining. The company was founded by Jia Xuan Li, Xiang Fu Liu and Nan Geng Zhang in 2013 and is headquartered in Singapore.

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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").

Theralase(R) Commences Non-Brokered Private Placement and Termination of Previously Announced Financing

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NEW YORK , Oct. 9, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or the "Company") (NASDAQ: CAN). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Canaan Inc. - CAN

LOS ANGELES, CA / ACCESSWIRE / September 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm

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NEW YORK , Sept. 21, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Canaan Inc. (NASDAQ: CAN) resulting from allegations that Canaan may have issued materially misleading business information to the investing public.

CAN EQUITY NOTICE: ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Canaan Inc. Investors to Inquire About Securities Class Action Investigation - CAN

TORONTO, ON / ACCESSWIRE / September 21, 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 activated Photo Dynamic Compounds ("PDCs"), their associated drug formulations and the light systems that activate them, intended to safely and effectively destroy various cancers, announces the grant of stock options. The Company has granted an aggregate of 360,000 stock options to certain directors and employees pursuant to the Company's stock option plan.

Theralase(R) Grants Stock Options

LOS ANGELES, CA / ACCESSWIRE / September 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm

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SINGAPORE , Sept. 11, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will host Avalon Bitcoin & Crypto Day at the Ritz-Carlton, Millenia Singapore on September 12, 2023, to celebrate the Company's 10th Anniversary.

Canaan Inc. Celebrates Its 10th Anniversary at Avalon Bitcoin & Crypto Day

SINGAPORE , Sept. 11, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will participate in the H.C.

Canaan Inc. to Participate in H.C. Wainwright 25th Annual Global Investment Conference on September 12, 2023

LOS ANGELES, CA / ACCESSWIRE / September 8, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm

Canaan Inc. (NASDAQ:CAN ) Q2 2023 Earnings Call Transcript August 29, 2023 8:00 AM ET Company Participants Clark Soucy - IR Director Nangeng Zhang - Chairman and CEO James Jin Cheng - CFO Conference Call Participants Mike Legg - The Benchmark Company Kevin Dede - H.C. Wainwright Shuang Zhang - Guosen Securities Operator Ladies and gentlemen, thank you for standing by and welcome to Canaan Inc.'s Second Quarter 2023 Earnings Conference Call.

Canaan Inc. (CAN) Q2 2023 Earnings Call Transcript

- Total Computing Power Sold Achieved 6.1 Million Thash/s, up 45.2% QoQ - - Bitcoin Mining Revenues Reached US$15.9 Million, up 43.3% QoQ - SINGAPORE, Aug. 29, 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 June 30, 2023. Second Quarter 2023 Operating and Financial Highlights Total computing power sold was 6.1 million Thash/s, representing an increase of 44.2% from 4.2 million Thash/s in the first quarter of 2023 and an increase of 11.7% from 5.5 million Thash/s in the same period of 2022.

News for Canaan Inc. Stock (CAN)