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.

LOS ANGELES, CA / ACCESSWIRE / August 25, 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.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

SINGAPORE , Aug. 23, 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 second quarter ended June 30, 2023, before the U.S. market opens on August 29, 2023. The Company's management team will hold a conference call at 8:00 A.M.

Canaan Inc. to Report Second Quarter 2023 Financial Results on August 29, 2023

NEW YORK , Aug. 22, 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. SO WHAT: If you purchased Canaan securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

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

NEW YORK--(BUSINESS WIRE)---- $CAN #CAN--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. SO WHAT: If you purchased Canaan securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen.

TOP RANKED ROSEN LAW FIRM Encourages Canaan Inc. Investors to Inquire About Securities Class Action Investigation – CAN

SINGAPORE , Aug. 18, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company" or "We"), a leading high-performance computing solutions provider, today announced that the challenges set forth below may adversely impact the Company's bitcoin generation and revenue from its mining activities, primarily due to reduced uptime, beginning in the third quarter of 2023. Kazakhstan Regulatory Changes To ensure legal compliance, the Company decided to temporarily shut down approximately 2.0 Exahash/s of its mining computing power in Kazakhstan since July 2023, subsequently to the Rules for Licensing of Digital Mining Activities (the "Rules") became effective in Kazakhstan.

Canaan Inc. Provides Updates on Its Bitcoin Mining Operations

Canaan has faced several headwinds over the past year but is well-positioned to benefit from the ongoing rally in Bitcoin prices. The recent announcement to sell 11k Bitcoin mining machines to U.S.-based 'Cipher Mining' highlights the company's improving operating and financial backdrop. We expect shares to remain volatile but see a path for a more positive outlook going forward.

Canaan Stock: Bitcoin Rally Keeps It Interesting

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TORONTO, ON / ACCESSWIRE / June 30, 2023 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT) (OTCQB:TLTFF), a clinical stage pharmaceutical company focused on the research and development of light activated Photo Dynamic Compounds ("PDCs") and their associated drug formulations, used to destroy various cancers, bacteria and viruses, safely and effectively, 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 4,800,000 Units at a price of $0.25 per Unit for aggregate gross proceeds of approximately $CAN 1,200,000.

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SINGAPORE , June 12, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan's Group Senior Investor Relations Director, Mr. Liang Wang, and Director of Business Development of Canaan U.S. Inc., Mr.

Canaan Inc. to Participate in Cantor Technology Conference on June 14-15, 2023

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Canaan Inc. (NASDAQ:CAN ) Q1 2023 Earnings Conference Call May 26, 2023 8:00 AM ET Company Participants Clark Soucy - IR Director Nangeng Zhang - Chairman & CEO James Cheng - CFO Conference Call Participants Kevin Dede - H.C. Wainwright Jiaji Song - Guosheng Securities Mike Legg - The Benchmark Company Jiaer Zhu - China Renaissance Operator Ladies and gentlemen, thank you for standing by, and welcome to Canaan Inc. First Quarter 2023 Earnings Conference Call.

Canaan Inc. (CAN) Q1 2023 Earnings Call Transcript

Canaan (CAN) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to earnings of $0.50 per share a year ago.

Canaan (CAN) Reports Q1 Loss, Misses Revenue Estimates

- Total Computing Power Sold Rebounded to 4.2 Million Thash/s, up 126.8% QoQ - SINGAPORE , May 26, 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 March 31, 2023. Starting from January 1, 2023, the Company changed its reporting currency from Renminbi to U.S. dollar.

Canaan Inc. Reports Unaudited First Quarter 2023 Financial Results

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SINGAPORE , May 19, 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 first quarter ended March 31, 2023, before the U.S. market opens on May 26, 2023. The Company's management team will hold a conference call at 8:00 A.M.

Canaan Inc. to Report First Quarter 2023 Financial Results on May 26, 2023

SINGAPORE , May 15, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan's Group VP and Head of Canaan US Inc, Mr. Ning Zhang, Group VP of Sales & Marketing, Mr.

Canaan Inc. to Participate in the Bitcoin Mining Virtual Conference Presented by Maxim Group LLC and hosted by M-Vest on Tuesday, May 16, 2023

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SINGAPORE , April 20, 2023 /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, 2022 with the U.S. Securities and Exchange Commission (the "SEC") on April 19, 2023. 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 2022 Annual Report on Form 20-F

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The price of Bitcoin moved past $30,000 today for the first time in 10 months. CleanSpark announced the purchase of 45,000 new Bitcoin-mining machines that will significantly increase its computing power.

Why Shares of Canaan, CleanSpark, and Bitfarms Are Rising Today

Canaan recently announced $850 million in new capital to continue its history of building and supporting transformational companies in the technology and healthcare sectors. The post Canaan Closes $850 Million For XIII Fund And Growth Acceleration appeared first on Pulse 2.0.

Canaan Closes $850 Million For XIII Fund And Growth Acceleration

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Canaan Inc. (NASDAQ:CAN ) Q4 2022 Earnings Conference Call March 7, 2023 8:00 AM ET Company Participants Clark Soucy - IR Director Nangeng Zhang - Chairman and Chief Executive Officer James Cheng - Chief Financial Officer Conference Call Participants Michael Donovan - H.C. Wainwright Jiaer Zhu - China Renaissance Mike Legg - The Benchmark Company Andrew Bond - Rosenblatt Securities Operator Ladies and gentlemen, thank you for standing by and welcome to Canaan Inc. Fourth Quarter and Full Year 2022 Earnings Conference Call.

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