BEIJING, Aug. 13, 2021
/PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the
"Company"), a leading high-performance computing solutions
provider, today announced that it has received from Mawson
Infrastructure Group Inc. (OTCQB: MIGI) ("Mawson") a purchase order
(the "Order") for 17,352 bitcoin mining machines with an aggregate
operating hash power of 1.5EH. According to the terms of the Order,
the Company will deliver the latest generations of its Avalon A1166
and A1246 bitcoin mining machines to Mawson's operations in the
U.S. and Australia throughout 2021
and 2022.
The Order is in addition to Mawson's previous order placed
earlier this year for 11,760 of the Company's A1246 bitcoin mining
machines with an aggregate operating hash power of 1.05EH.
Headquartered in Sydney,
Australia, Mawson is a global digital infrastructure
provider with diversified operations across cryptocurrency mining
and digital asset management. Mawson currently conducts its bitcoin
mining operations in both the U.S. and Australia.
Mr. Nangeng Zhang, Chairman and Chief Executive Officer of
Canaan, commented, "We are pleased to further enhance our
partnership with Mawson. With potent computing performance, we are
bringing our next-generation mining solutions to a growing cohort
of renowned international miners. Meanwhile, by strengthening our
supply chain management, we have also secured our production
capacity and ensured the timely delivery of our products to support
our clients in their mining capacity expansions. Looking ahead, we
will remain focused on our growth strategies for overseas
advancement, R&D investment, and supply chain cultivation to
augment the sustainability of our business development."
About Canaan Inc.
Established in 2013, Canaan (NASDAQ: CAN), is a technology
company focusing on ASIC high-performance computing chip design,
chip research and development, computing equipment production and
software services. The company's vision is "super computing is what
we do, social enrichment is why we do". Canaan has a rich
experience in chip design and streamlined production in the ASIC
field. In 2013, it released and mass produced its first ASIC
Bitcoin mining machine. In 2018, Canaan released the world's first
7nm ASIC chip, providing energy efficient computing equipment to
the cryptocurrency mining industry. In the same year, Canaan
released the world's first RISC-V architecture commercial edge AI
chip, further harnessing the potential of ASIC technology in the field of
high-performance computing and artificial intelligence.
Safe Harbor Statement
This announcement contains forward−looking statements. These
statements are made under the "safe harbor" provisions of
the U.S. Private Securities Litigation Reform Act of
1995. These forward−looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Among other things, the business outlook and quotations from
management in this announcement, as well as Canaan
Inc.'s strategic and operational plans, contain
forward−looking statements. Canaan Inc. may also make
written or oral forward−looking statements in its periodic reports
to the U.S. Securities and Exchange Commission ("SEC") on
Forms 20−F and 6−K, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements
about Canaan Inc.'s beliefs and expectations, are
forward−looking statements. Forward−looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward−looking statement, including but not limited to the
following: the Company's goals and strategies; the Company's future
business development, financial condition and results of
operations; the expected growth of the Bitcoin industry and the
price of Bitcoin; the Company's expectations regarding demand for
and market acceptance of its products, especially its Bitcoin
mining equipment; the Company's expectations regarding maintaining
and strengthening its relationships with production partners and
customers; the Company's investment plans and strategies;
fluctuations in the Company's quarterly operating results;
competition in its industry in China; and relevant government
policies and regulations relating to the Company and
cryptocurrency. Further information regarding these and other risks
is included in the Company's filings with the SEC, including
its registration statement on Form F−1, as amended, and its annual
reports on Form 20−F. All information provided in this press
release and in the attachments is as of the date of this press
release, and Canaan Inc. does not undertake any
obligation to update any forward−looking statement, except as
required under applicable law.
Investor Relations Contact
Canaan Inc.
Mr. Shaoke Li
Email: IR@canaan-creative.com
ICR Inc.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com
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SOURCE Canaan Inc.