SINGAPORE, March 27, 2025 /PRNewswire/ -- Canaan Inc. introduces Avalon Q, a professional-grade Bitcoin mining machine specifically designed for home users. This breakthrough product combines institutional-level computing power with household power compatibility and whisper-quiet operation, making professional Bitcoin mining accessible to everyday enthusiasts. The Avalon Q offers up to 90 TH/s hash power with adjustable consumption (800W-1600W), making it adaptable to standard home electrical systems. This flexibility allows home miners to optimize their operation based on electricity costs and mining profitability. The Avalon Q is also the first professional-grade Bitcoin miner to support 1

MIDLAND, Pa., March 26, 2025 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson" or "the Company"), a publicly-traded technology company focused on digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets markets, today announced that it has signed a significant new digital colocation customer agreement with Canaan Inc., a NASDAQ-listed publicly traded company (NASDAQ:CAN), further growing and expanding its digital colocation business with latest-generation application-specific integrated circuit machines (ASICs). The new customer colocation agreement executed between Mawson's President and CEO Rahul M

Total revenues of US$88.8 million exceeds guidance, up 80.9% YoY Total computing power sold achieves record high of 9.1 million TH/s, up 65.9% YoY Bitcoin mining revenues reach US$15.3 million, up 312.5% YoY SINGAPORE, March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months and twelve months ended December 31, 2024. Fourth Quarter 2024 Operating and Financial Highlights Total revenues were US$88.8 million, which beat the guidance of US$80 million and increased 80.9% year-over-year. Total computing power sold was 9.1 million Terahash per second (TH/s), representing

New mining partnerships to add ~4.7 EH/s Mining machines to be hosted at facilities in Pennsylvania and Texas Self-mining energization expected in coming months SINGAPORE, March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that wholly owned subsidiaries of Canaan have signed agreements that expand the Company's self-mining capabilities at two new partners' mining facilities in Pennsylvania and Texas. A three-year master colocation agreement has been entered into with Mawson Hosting LLC, an affiliate of Mawson Infrastructure Group Inc. (NASDAQ:MIGI), for its facility in Midland, Pennsylvania. This expansion in P

SINGAPORE, March 17, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2024, before the U.S. market opens on March 26, 2025. The Company's management team will hold a conference call at 8:00 A.M. on March 26, 2025, U.S. Eastern Time (8:00 P.M. on the same day, Singapore Time) to discuss the financial results. Details for the conference call are as follows: Event Title: Canaan Inc. Fourth Quarter and Full Year 2024 Earnings Conference Call Registration Link: https://register-conf.media-server.com/register/BI839fbea95f8f4

Provides Company with access to up to US$200 million SINGAPORE, March 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that the Company had entered into a Securities Purchase Agreement (the "Agreement") with an institutional investor (the "Buyer"), providing the Company with total gross proceeds of up to US$200 million through a Series A-1 Preferred Shares financing (the "Preferred Shares Financing"). First tranche closing under the Preferred Shares Financing was completed on March 10, 2025, where an initial US$100 million has been received. An additional US$100 million is expected to be received in the near term in

SINGAPORE, March 3, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining and operational update for February 2025 and announced preliminary unaudited financial results for the fourth quarter ended December 31, 2024. Management Commentary "Despite February being a shorter month, we continued to make steady strides in both our mining operations and product innovation," said Nangeng Zhang, Chairman and chief executive officer of Canaan. "Following the successful upgrade of our mining rigs at Stronghold's Panther Creek facility, operations at the site have continued ramping up, achieving 0.93 EH/s o

SINGAPORE, Feb. 19, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending January 31, 2025. Management Commentary "In January, we made solid progress across all segments of our business, as we expanded our customer base, announced two Avalon Home consumer products, and advanced our self-mining capacity, leading to an increase in our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan. "Early in the quarter, we announced that we signed a purchase agreement with a strategic U.S. customer for Avalon A15XP miners. Additionally, we expanded

SINGAPORE, Feb. 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its director of business development, Christopher Crowell, will present at the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference, presented by Maxim Group LLC, on Wednesday, February 12, 2025, at 8:30 a.m. EST.     As part of the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference, Matthew Galinko, research analyst at Maxim Group, will sit down with Canaan and other companies in the digital asset ecosystem, including bitcoin miners, equipment providers, and corporate adopters of crypto as a treasury strategy. Topics for

Expects total revenues for FY2025 in the range of US$900 million to US$1.1 billion SINGAPORE, Jan. 21, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending December 31, 2024, and provided financial guidance for fiscal year 2025. Management Commentary "Since the beginning of the fourth quarter of 2024, we have made considerable progress in expanding our market presence, strengthening partnerships and advancing our self-mining operations, while steadily increasing our bitcoin holdings on our balance sheet," said Nangeng Zhang, chairman and chief executive officer of Can

U.S. Urology Partners announced today that internationally recognized technology leader Chris Boult has joined the company as Chief Information Officer. U.S. Urology Partners is one of the nation's largest independent providers of urological and related specialty services, including general urology, surgical and robotic procedures, advanced cancer treatment and other ancillary services. Boult will lead information technology strategy and initiatives for the rapidly growing U.S. Urology Partners clinical network which now consists of more than 50 locations throughout the East Coast and Midwest. U.S. Urology Partners partnered with NMS Capital in 2018 to support urology practices in communi

BEIJING, Sept. 13, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has dismissed PricewaterhouseCoopers Zhong Tian LLP ("PwC") as the Company's independent auditor on September 9, 2021 and has approved the appointment of KPMG Huazhen LLP ("KPMG") as the independent auditor of the Company, effective September 13, 2021. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the Audit Committee and the Board of Directors of the Company. The reports of PwC on the Company's consolidated financial statements as of and f

BEIJING, Aug. 2, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the appointment of Mr. James Jin Cheng to the position of Chief Financial Officer, effective immediately. Mr. Tong He will cease to serve as the Company's acting Chief Financial Officer but will maintain his position as the Company's Director of Finance. Mr. Cheng has more than 20 years of experience in financial planning and management. Prior to joining Canaan, Mr. Cheng served as a Vice President for Zhaopin.com, a career platform in China formerly listed on the NYSE, from September 2015 to July 2021. Between September 2013 to

- 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