New mining partnerships to add ~ 4.7 eH/s
MIning machines to be It was hosted in the facilities in Pennsylvania and Texas
Activating the expected self -reinforcement in the coming months
Singaporeand March 26, 2025 / PRNEWSWIRE/ – Canaan Inc. (Nasdaq: can) (“Canaan“The company”), aInterested in encryption mining, I announced today The fully owned subsidiary companies Canaan Agreements for the expansion of the company’s self -mining capabilities signed in two new mining facilities Pennsylvania and Texas.
A three -year Master’s Master Agreement was concluded with Mawson Hosting LLC, a subsidiary of the Mawson Infrastructure Group (Nasdaq: Migi), for its facility in Midland, Pennsylvania. This expansion in PennsylvaniaIn addition to an agreement to host other equipment recently implemented over a 24 -month course for an attachment Edna, Texasand He is It is expected to add about 4.7e/s from North America’s segmentation to Canaan Self -computing power. The majority of this retail is expected to be installed in the second quarter of 2025.
S.Your team evaluated the mining sites across north america For several months, you are patiently looking for mining and partnership opportunities that were logical for our business. We believe that these two new partners have goals that are in line with them Canaan Nanging Chang, Chairman and CEO of the Board and CEO of Canaan. “the we He has organizational policies that support the aspirations of our company, and we believe that we will be able to find additional partnerships and sites that will help us increase our presence in we Through self -reinforcement activities and providing us with additional opportunities for mining machine sales. “
“We are pleased to announce the partnership between Canaan And Mousson. This agreement is in line with our strategy to improve digital infrastructure and calculate management capabilities with the latest generation machines. By gathering Canaan “Advanced devices and the innovation of digital infrastructure in Mawson, we expect to create a long -term value that would benefit both companies as well as the total ecosystem,” said Rahul Miwala, CEO and president of Mawson Infrastruct Group Inc.
About Canaan Inc.
Founded in 2013, Canaan Inc. (NASDAQ: Can) is a technology company that focuses on it Asik High -performance computing chips design, chip research and development, production of computing equipment, and software services. Canaan It has extensive experience in the design of chips and simple production in Asik area. In 2013, Canaan The founding team of its customers was shipped, the first group of mining machines in the world, including Asik Technology in BitcoinHistory under the brand name Avalon. In 2019, Canaan It completed its initial public offering in the Nasdak Global Market. To learn more about CanaanPlease visit https://www.canaan.io/.
A safe port statement
This press statement contains aspiration data. This data is made under the provisions of “Safe Harbour” from we The 1995 Private Law on Reform. These aspecting data can be identified by terms such as “Will”, “expects”, “expectation”, “the future”, “believed”, “plans”, “” estimates “and similar data. Among other things, the expected financing plans of Canaan Inc. contain. And its use of revenues on aspecting data. It is permissible for Canaan Inc. Also given written or verbal data in Periodic reports to we The Securities and Stock Exchange Committee (“SEC”) in the 20-F and 6-K, in its annual report to shareholders, in press data, other written materials and oral data made by its employees, managers or employees to third parties. Data that are not historical facts, including data on the beliefs and expectations of Canaan Inc. expectations. , It is an aspiration data. Informed data includes inherent risks and doubts. A number of factors can cause actual results materially from those in any aspective statement, including but not limited to the following: the company’s goals and strategies; Development of the future business of the company, the financial situation and the results of operations; Expected growth from Bitcoin Industry and price Bitcoin; The company’s expectations regarding demand for its products and acceptance in the market, especially them Bitcoin Mining machines company expectations regarding maintaining their relationships and strengthening them with production partners and customers; The company’s investment plans and strategies, fluctuations in the company’s quarterly operating results; Competition in its manufacture; And government policies and regulations related to the company Coded. More information related to these risks and others is included in the company’s files with SEC. All information provided in this press statement and in attachments is from the date of this press statement, and can not undertake Canaan Inc. Any commitment to updating any aspecting statement, except for what is required under the applicable law.
Investor relationships
Canaan Inc.
Shi Chang
Email: Ir@canaan-creative.com
ICR, LLC.
Robin Yang
Phone: +1 (347) 396-3281
Email: canaan.ir@icrink.com
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Source Canaan Inc.
