SINGAPORE, April 19,
2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN)
("Canaan" or the "Company"), a leading high-performance computing
solutions provider, today announced that it has filed a universal
shelf registration statement on Form F-3 (File No. 333-278762) with
the United States Securities and Exchange Commission
(the "SEC") on April 17,
2024.
The Company believes it is prudent to file the shelf
registration statement as a matter of standard corporate procedure
and to streamline any response to future strategic needs. The
Company is not required to offer or sell securities under the shelf
registration statement.
The registration statement has been filed with the SEC but has
not yet become effective. The securities covered by the
registration may not be sold, nor may offer to buy the securities
be accepted prior to the effectiveness of the registration
statement. The terms of any such offerings under the registration
statement will be established at the time of such offering, will be
subject to market conditions, and will be described in detail in a
supplement to the prospectus filed with the SEC relating to such
offering.
The Company's operations are stable as it continues to support
the overall ecosystem and miner partners worldwide with computing
power and superior mining solutions. For details of the Company's
current operations, please refer to the Company's annual report on
Form 20-F for the fiscal year ended December
31, 2023 filed with the SEC on April
17, 2024.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities, nor will there be
any sale of securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Canaan Inc.
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology
company focusing on ASIC high-performance computing
chip design, chip research and development, computing equipment
production, and software services. Canaan has extensive experience
in chip design and streamlined production in the ASIC
field. In 2013, under the leadership of Mr. Nangeng Zhang, founder
and CEO, Canaan's founding team shipped to its customers the
world's first batch of mining machines incorporating
ASIC technology in bitcoin's history
under the brand name, Avalon. In 2019, Canaan completed its initial
public offering on the Nasdaq Global Market. To learn more about
Canaan, please visit https://www.canaan.io/.
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 machines; 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.
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.
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SOURCE Canaan Inc.