Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$10 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from September 22, 2020.

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, 2020.

Canaan is a leading supercomputing solution provider through its proprietary high performance computing ASICs. It is dedicated to the availability of supercomputing to everyone, the widespread application of blockchain and AI, and the improvement of social efficiency and people’s life.

The photos were published showing that the Canaan had completed the production of a batch of AvalonMiner1166 Pro. The staff stated that these new machines would be sent to a mining farm in Kazakhstan.