CAN - Earnings announcements

- Achieves Record-high Bitcoin Mining Computing Power of 3.8EH/s Installed as of February-end 2023 - BEIJING, March 7, 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 and twelve months ended December 31, 2022. Fourth Quarter 2022 Operating and Financial Highlights Total computing power sold was 1.9 million Thash/s, representing a decrease of 45.8% from 3.5 million Thash/s in the third quarter of 2022 and a decrease of 75.8% from 7.7 million Thash/s in the same period of 2021. Revenues were RMB391.9 million (US$56.8 million), representing a d

BEIJING, Feb. 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 fourth quarter and full year ended December 31, 2022, before the U.S. market opens on March 7, 2023. The Company's management team will hold a conference call at 8:00 A.M. on March 7, 2023, U.S. Eastern Time (9:00 P.M. on the same day, Beijing Time) to discuss the financial results. Details for the conference call are as follows: Event Title:                           Canaan Inc. Fourth Quarter and Full Year 2022 Earnings Conference CallRegistration Link:                 http

BEIJING, Nov. 14, 2022 /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, 2022. Third Quarter 2022 Operating and Financial Highlights Total computing power sold was 3.5 million Thash/s, representing a decrease of 37.1% from 5.5 million Thash/s in the second quarter of 2022 and a decrease of 48.5% from 6.7 million Thash/s in the same period of 2021. Revenues were RMB978.2 million (US$137.5 million), representing a decrease of 40.8% from RMB1,652.7 million in the second quarter of 2022 and a decrease of 25.8% from RMB1,317.6 millio

BEIJING, Nov. 4, 2022 /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, 2022, before the U.S. market opens on November 14, 2022. The Company's management team will hold a conference call at 7:00 A.M. on November 14, 2022, U.S. Eastern Time (8:00 P.M. on the same day, Beijing Time) to discuss the financial results. Details for the conference call are as follows: Event Title:                            Canaan Inc. Third Quarter 2022 Earnings Conference CallRegistration Link:                 https://register.vevent.c

BEIJING, Aug. 18, 2022 /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, 2022. Second Quarter 2022 Operating and Financial Highlights Total computing power sold was 5.5 million Thash/s, representing an increase of 27.5% from 4.3 million Thash/s in the first quarter of 2022 and a decrease of 7.7% from 5.9 million Thash/s in the same period of 2021. Revenues were RMB1,652.7 million (US$246.7 million), representing an increase of 21.9% from RMB1,356.1 million in the first quarter of 2022 and an increase of 52.8% from RMB1,081.8 million

BEIJING, Aug. 3, 2022 /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, 2022, before the U.S. market opens on August 18, 2022. The Company's management team will hold a conference call at 8:00 A.M. on August 18, 2022, U.S. Eastern Time (8:00 P.M. on the same day, Beijing Time) to discuss the financial results. Details for the conference call are as follows: Event Title:                           Canaan Inc. Second Quarter 2022 Earnings Conference Call        Registration Link:                 https://register.vevent.c

BEIJING, May 19, 2022 /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, 2022. First Quarter 2022 Operating and Financial Highlights Total computing power sold was 4.3 million Thash/s, representing an increase of 119.1% from 2.0 million Thash/s in the same period of 2021. Revenues were RMB1,356.1 million (US$213.9 million), representing an increase of 236.7% from RMB402.8 million in the same period of 2021. Gross profit was RMB829.8 million (US$130.9 million), representing an increase of 327.2% from RMB194.2 million in the same perio

BEIJING, May 9, 2022 /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, 2022, before the U.S. market opens on May 19, 2022. The Company's management team will hold a Direct Event earnings conference call at 8:00 A.M. on May 19, 2022, U.S. Eastern Time (8:00 P.M. on the same day, Beijing Time) to discuss the financial results. Details for the conference call are as follows: Event Title: Canaan Inc. First Quarter 2022 Earnings Conference Call        Registration Link: http://apac.directeventreg.com/registration/event/473

BEIJING, March 3, 2022 /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, 2021. Fourth Quarter 2021 Operating and Financial Highlights Total computing power sold was 7.7 million Thash/s, compared to 0.2 million Thash/s in the same period of 2020, and up 15.5% from 6.7 million Thash/s in the third quarter of 2021, setting a new record. The robust year-over-year and sequential increases were mainly driven by the solid market demand and the responsive delivery of Bitcoin mining machines. As of December 31, 2021, the

BEIJING, Feb. 17, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to release its fourth quarter and full year 2021 financial results before the market opens on Thursday, March 3, 2022. The Company's management team will hold a Direct Event conference call on Thursday, March 3, 2022, at 7:00 A.M. Eastern Time (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows: Event Title: Canaan Inc. Fourth Quarter and Full Year 2021 Earnings Conference Call    Registration Link:  http://apac.directeventreg.com/registrati

BEIJING, Nov. 16, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Operating and Financial Highlights Total computing power sold was 6.7 million Thash/s, up 128.4% from 2.9 million Thash/s in the same period of 2020 and up 12.9% from 5.9 million Thash/s in the second quarter of 2021, setting a new record. The robust year-over-year and sequential increases were mainly driven by the solid market demand and the delivery of Bitcoin mining machines. As of September 30, 2021, the Company had cash and c

BEIJING, Nov. 9, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to release its third quarter 2021 financial results before the market opens on Tuesday, November 16, 2021. The Company's management team will hold a Direct Event conference call on Tuesday, November 16, 2021, at 7:00 A.M. Eastern Time (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows: Event Title:               Canaan Inc. Third Quarter 2021 Earnings Conference Call        Registration Link:     http://apac.directeventreg.com/registration/eve

BEIJING, Sept. 9, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to release its second quarter 2021 financial results before the market opens on Wednesday, September 15, 2021. The Company's management team will hold a Direct Event conference call on Wednesday, September 15, 2021, at 8:00 A.M. Eastern Time (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows: Event Title:Registration Link: Canaan Inc. Second Quarter 2021 Earnings Conference Call        http://apac.directeventreg.com/registration/event/6764915