CAN Canaan ADS (N Shares)

Canaan Inc. Filed 2019 Annual Report on Form 20-F

Canaan Inc. Filed 2019 Annual Report on Form 20-F

HANGZHOU, China, April 15, 2020 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on April 15, 2020 Eastern Time. The annual report can be accessed on the Company’s investor relations website at investor.canaan-creative.com. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

About Canaan Inc.

Established in 2013, Canaan Inc. provides high-performance computing solutions to efficiently solve complex problems. In 2016, Canaan successfully initiated the production of its first 16nm chip and passed the test to receive China's national high-tech enterprise certification. In 2018, Canaan achieved major technological breakthroughs to launch the K210, the world's first-ever RISC-V-based edge artificial intelligence (AI) chip, which is now widely used for access control in situations such as smart door locks and more. Canaan Inc. is currently focused on the R&D of advanced technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. Using the AI chip as its base, Canaan Inc. has established an intellectual value chain. Canaan Inc. also provides a suite of AI service solutions and is able to tailor these solutions to the needs of its partners. For more information, please visit: investor.canaan-creative.com.

Investor Relations Contact

Canaan Inc.

Mr. Shaoke Li

Tel: 83

Email:

ICR Inc.

Jack Wang

Tel: +1 (347) 396-3281

Email:

EN
15/04/2020

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Reports on Canaan ADS (N Shares)

 PRESS RELEASE

Canaan Announces Entry into Agreement for Registered Direct Placement ...

Canaan Announces Entry into Agreement for Registered Direct Placement of Approximately US$170.0 Million of its ADSs and Warrants BEIJING, April 29, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of approximately $170.0 million of its American Depositary Shares (“ADS”), each ADS representing 15 Class A ordinary shares of the Company, par value US$0.00000005 per sha...

 PRESS RELEASE

Canaan Announces Order for Bitcoin Mining Machines of up to US$93.63 M...

Canaan Announces Order for Bitcoin Mining Machines of up to US$93.63 Million via Long-term Partnership with Genesis Digital Assets BEIJING, April 28, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has entered into a long-term strategic partnership with Genesis Digital Assets Limited (“Genesis Digital Assets”) and secured a purchase order (the “Order”) from Genesis Digital Assets valued at up to US$93.63 million. As part of the Order, Canaan will deliver its A1246 AvalonMiner m...

 PRESS RELEASE

Canaan Announces Partnership with Cathay to Launch AI Facial Recogniti...

Canaan Announces Partnership with Cathay to Launch AI Facial Recognition Module and AI Chip in Japan BEIJING, April 23, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has entered into a partnership (the “Partnership”) with Cathay Tri-Tech., Inc. (“Cathey”) to introduce its AI facial recognition module, which utilizes its Kendryte K210 AI chip, to the Japanese market. Since establishing the partnership, Canaan’s international customer base now covers the United States, Japan, S...

 PRESS RELEASE

Canaan Announces Significant Customer Order of 11,760 Bitcoin Mining M...

Canaan Announces Significant Customer Order of 11,760 Bitcoin Mining Machines BEIJING, April 22, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it entered into a contract to provide 11,760 bitcoin mining machines to Mawson Infrastructure Group Inc. (“Mawson”). Under the contract, Canaan will ship and install its A1246 ASIC AvalonMiners throughout 2021, adding a total of 1.05EH to Mawson’s global mining operations. Headquartered in Sydney, Australia, Mawson is a global digital in...

 PRESS RELEASE

Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2020 Financ...

Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results HANGZHOU, China, April 12, 2021 (GLOBE NEWSWIRE) -- 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, 2020. Fourth quarter 2020 Operating and Financial Highlights Total computing power sold was 0.2 million Thash/s, representing a year-over-year decrease of 93.1% from 2.9 million Thash/s in the same period of 2019 and a quarter-over-q...

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