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.”

Announces US$3.1 Million Investment Agreement with Pixelworks

Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has received from HIVE Blockchain Technologies Ltd. (“HIVE”) a purchase order (the “Order”) for 4,000 bitcoin mining machines.

Canaan, a leading provider of supercomputing solutions, is now working closely with customers to deploy sustainable energy to power their 1246 Avalon Miner mining machines, putting the company at the forefront of sustainable crypto mining initiatives.