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

Canaan Inc. surpasses revenue targets, eyes growth amid Bitcoin market challenges

Canaan Inc. delivered strong financial performance, exceeding revenue targets and showcasing growth potential in the Bitcoin mining market.
The company's focus on innovation, strategic partnerships, and expansion projects positions it well for future market opportunities and growth.
Despite challenges from market volatility, Canaan's financial stability, cash reserves, and Bitcoin holdings reflect confidence in long-term success.
By leveraging opportunities in market demand, energy-efficient regions, and technological advancements, Canaan aims to sustain its competitive edge.

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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.

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan, enhancing its mining efficiency and operational capacity. This follows an earlier acquisition of 6,500 Avalon miners, bringing November's total orders to 11,500 units.

HIVE Digital expands Bitcoin mining capacity with purchase of 5,000 Canaan Avalon miners

Canaan's Q3 earnings report beat analyst expectations for top line revenue but missed on EPADS. The company grew compute power sold by 92% year over and improved rate by 12%. Canaan's Avalon Nano 3 machine could conceivably generate increased interest from home miners if the psychological level of $100k BTC is breached.

Canaan: Q3 Earnings, Is The 'Digital Gold' Rush Coming?

Hive Blockchain Technologies Ltd

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - HIVE Digital Technologies Ltd.

RETRANSMISSION: HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity

HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity

Canaan Inc. (NASDAQ:CAN ) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CFO Conference Call Participants Kevin Cassidy - Rosenblatt Securities Nick Giles - B. Riley Securities Kevin Dede - H.C.

Canaan Inc. (CAN) Q3 2024 Earnings Call Transcript

Canaan (CAN) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.41 per share a year ago.

Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates

- Total Revenue Increased to US$73.6 Million, up 120.9% YoY - - Total Computing Power Sold Achieved 7.3 Million Thash/s, up 93.8% YoY - SINGAPORE , Nov. 20, 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 ended September 30, 2024. Third Quarter 2024 Operating and Financial Highlights Revenues were US$73.6 million, which beat the previous guidance of US$73 million and increased 120.9% year-over-year.

Canaan Inc. Reports Unaudited Third Quarter 2024 Financial Results

Continues expansion of its self-mining expansion and Bitcoin mining machine business in North America SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company" or "We"), a leading high-performance computing solutions provider, today announced that it has entered into a securities purchase agreement (the "Securities Purchase Agreement") with an institutional investor (the "Buyer"), pursuant to which the Company shall issue and sell to the Buyer up to 30,000 Series A-1 Preferred Shares (the "Series A-1 Preferred Shares") at the price of US$1,000.00 for each Series A-1 Preferred Share. Canaan agreed that the proceeds from the sale of the Series A-1 Preferred Shares will be used by the Company and/or its subsidiaries to manufacture or invest in digital mining sites and equipment to be deployed or sold in North America, including any acquisition or disposition of assets from or between subsidiaries.

Canaan Inc. Announces the Execution of a Securities Purchase Agreement

Complementing the Earlier November Order of 6,500 Avalon A1566 Miners SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a follow-on order purchase agreement with HIVE Digital Technologies Ltd ("HIVE"), for its Avalon A15-194T miners.

Canaan Inc. Secures Follow-On Order from HIVE for 5,000 Avalon A15-194T Miners

Plans to install Avalon A14 and A15 mining machines at joint mining sites Takes significant s tep s  toward 10 EH/s capacity in North America by mid-2025 SINGAPORE , Nov. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that its wholly owned subsidiary, Beet Digital LLC., has entered into a strategic joint mining agreement with Luna Squares Texas LLC ("LS Texas"), a West Texas Bitcoin mining firm, to collaborate on mining activities at LS Texas' mining site.

Canaan Inc. Expands its Self-mining Footprint in Texas and Pennsylvania

TORONTO, ON / ACCESSWIRE / November 15, 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, radiation, sound and/or drug-activated small molecules and their formulations, intended 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 2,221,334 Units at a price of $CAN 0.30 per Unit for aggregate gross proceeds of approximately $CAN 666,400.

Theralase(R) Closes Non-Brokered Private Placement

SINGAPORE , Nov. 14, 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 third quarter ended September 30, 2024, before the U.S. market opens on November 20, 2024. The Company's management team will hold a conference call at 8:00 A.M.

Canaan Inc. to Report Third Quarter 2024 Financial Results on November 20, 2024

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 50 points on Monday.

Nasdaq Moves Lower; Canaan Shares Surge

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) Ltd has ordered 6,500 Canaan Avalon A1566 ASIC bitcoin miners from Canaan Inc. The first delivery of 500 units is expected this week, with further installments scheduled through March 2025.

HIVE Digital Technologies orders 6,500 bitcoin miners from Canaan

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 11, 2024) - HIVE Digital Technologies Ltd.

RETRANSMISSION: HIVE Digital Technologies Ltd. Announces Order of 6,500 Canaan Avalon A1566 ASIC Miners and Groundbreaking of 100 MW in Paraguay

Continues North American Expansion with Order from Long-term Customer SINGAPORE , Nov. 11, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with HIVE Digital Technologies Ltd ("HIVE"), for its Avalon A1566 miners.

Canaan Inc. Signs Agreement with HIVE for Avalon A1566 Miners

HIVE Digital Technologies Ltd. Announces Order of 6,500 Canaan Avalon A1566 ASIC Miners and Groundbreaking of 100 MW in Paraguay

SINGAPORE , Nov. 7, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN), a leading provider of Bitcoin Miners, announced that the company had upgraded Avalon Miner A15 series mining machines. In April 2024, Canaan released its Avalon Miner A1566 air cooling machine with 185 TH/s hash rate and power efficiency ratio of 18.5 J/TH in Hong Kong.

Canaan Upgraded Avalon Miner A15 Series with Superior Performance

Contributing to CleanSpark's Immersion Mining Operations SINGAPORE , Nov. 1, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan U.S. Inc., a wholly owned subsidiary of the Company, has entered into a purchase agreement with a new customer, CleanSpark Inc., for its Avalon A1566I miners. According to the purchase agreement, Canaan U.S. Inc. will provide CleanSpark with 3800 Avalon A1566I Immersion Cooling Miners.

Canaan Inc. Awarded Order from New Customer CleanSpark for Avalon A1566I Miners

Plans to fund self-mining expansion  and Bitcoin mining machine business  in North America   SINGAPORE, Sept. 30, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the third and final tranche of its previously announced preferred shares financing (the "Preferred Shares Financing"), raising additional total gross proceeds of $50 million.

Canaan Inc. Closes Third Tranche of Preferred Shares Financing

TORONTO, ON / ACCESSWIRE / September 24, 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, radiation, sound and/or drug-activated small molecules and their formulations, intended 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 ("NBPP") offering ("Offering") of units ("Units"). On closing, the Corporation issued an aggregate of 2,720,000 Units at a price of $CAN 0.20 per Unit for aggregate gross proceeds of $CAN 544,000.

Theralase(R) Closes Non-Brokered Private Placement and Issues Stock Options

Canaan (CAN) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Canaan (CAN) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

SINGAPORE , Sept. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) has been recognized for its solid operations by Rosenblatt, a Wall Street investment firm that defines Canaan Inc. as "promising" in light of the upcoming BTC bull market, and initiating with a "buy" rating and a $3 price target for its stock over the next 12 months.

Canaan's Solid Operations Recognized, Wall Street Investment Firm Rosenblatt Gives "Buy" Rating

BOSTON--(BUSINESS WIRE)--Modern America Campgrounds, the largest RV park owner in the Northeast, today announced its acquisition of Lone Oak Campsites in East Canaan, CT. This marks the company's 27th park acquisition in the last 24 months, further solidifying its position as a leader in the outdoor hospitality industry. Lone Oak Campsites will officially become part of the Modern America Campgrounds portfolio on Dec. 1, 2024. Modern America Campgrounds has recently introduced several innovativ.

Modern America Campgrounds Acquires Lone Oak Campsites in East Canaan, CT

SINGAPORE , Sept. 5, 2024 /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 following investor conference.

News for Canaan Inc. Stock (CAN)