Canaan Inc. Signs Agreement with AGM Group Holdings Inc.
Canaan Inc. (NASDAQ: CAN) has signed a purchase agreement with AGM Group Holdings Inc. (AGMH) through its Singapore subsidiary Canaan Creative Global Pte. The deal includes an initial order of 2,000 Avalon A15 Hydro Bitcoin mining machines.
The agreement also provides AGMH with an option to acquire approximately 30,000 additional BTC mining units, potentially reaching a combined power capacity of up to 300 megawatts. The Avalon Miner A15 Hydro is designed to enhance performance and lifespan while reducing energy consumption and noise pollution, supporting Canaan's ESG initiatives.
Canaan Inc. (NASDAQ: CAN) ha firmato un accordo d'acquisto con AGM Group Holdings Inc. (AGMH) attraverso la sua sussidiaria di Singapore, Canaan Creative Global Pte. L'accordo prevede un ordine iniziale di 2.000 macchine per il mining di Bitcoin Avalon A15 Hydro.
L'accordo offre anche ad AGMH l'opzione di acquisire circa 30.000 unit脿 di mining BTC aggiuntive, con una potenza combinata che potrebbe arrivare fino a 300 megawatt. L'Avalon Miner A15 Hydro 猫 progettato per migliorare le prestazioni e la durata, riducendo al contempo il consumo energetico e l'inquinamento acustico, supportando le iniziative ESG di Canaan.
Canaan Inc. (NASDAQ: CAN) ha firmado un acuerdo de compra con AGM Group Holdings Inc. (AGMH) a trav茅s de su filial en Singapur, Canaan Creative Global Pte. El acuerdo incluye un pedido inicial de 2,000 m谩quinas de miner铆a de Bitcoin Avalon A15 Hydro.
El acuerdo tambi茅n proporciona a AGMH la opci贸n de adquirir aproximadamente 30,000 unidades de miner铆a BTC adicionales, alcanzando potencialmente una capacidad de potencia combinada de hasta 300 megavatios. El Avalon Miner A15 Hydro est谩 dise帽ado para mejorar el rendimiento y la durabilidad, al tiempo que reduce el consumo de energ铆a y la contaminaci贸n ac煤stica, apoyando las iniciativas ESG de Canaan.
旃措倶鞎� 欤检嫕須岇偓(Canaan Inc. NASDAQ: CAN)臧� 鞁标皜韽ゴ 鞛愴殞靷澑 Canaan Creative Global Pte毳� 韱淀暣 AGM Group Holdings Inc. (AGMH)鞕� 甑Г 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 鞚� 瓿勳暯鞐愲姅 2,000雽�鞚� Avalon A15 Hydro 牍勴姼旖旍澑 毂勱荡旮�鞐� 雽�頃� 齑堦赴 欤茧鞚� 韽暔霅╇媹雼�.
霕愴暅 鞚� 瓿勳暯鞚� AGMH鞐愱矊 鞎� 30,000雽�鞚� 於旉皜 BTC 毂勱荡 鞛ル箘毳� 鞚胳垬頃� 鞓奠厴鞚� 鞝滉车頃橂┌, 鞚措姅 斓滊寑 300氅旉皜鞕赌韸�鞚� 齑� 鞝勲牓 鞖╇焿鞐� 霃勲嫭頃� 靾� 鞛堨姷雼堧嫟. Avalon Miner A15 Hydro電� 靹彪姤瓿� 靾橂獏鞚� 臧滌劆頃橁碃 鞐愲剤歆� 靻岆箘 氚� 靻岇潓 瓿淀暣毳� 欷勳澊霃勲 靹り硠霅橃柎 旃措倶鞎堨潣 ESG 鞚措媹靺旐嫲敫岆ゼ 歆�鞗愴暕雼堧嫟.
Canaan Inc. (NASDAQ: CAN) a sign茅 un accord d'achat avec AGM Group Holdings Inc. (AGMH) par l'interm茅diaire de sa filiale 脿 Singapour, Canaan Creative Global Pte. L'accord comprend une commande initiale de 2 000 machines de minage Bitcoin Avalon A15 Hydro.
L'accord donne 茅galement 脿 AGMH la possibilit茅 d'acqu茅rir environ 30 000 unit茅s de minage BTC suppl茅mentaires, atteignant potentiellement une capacit茅 de puissance combin茅e allant jusqu'脿 300 m茅gawatts. L'Avalon Miner A15 Hydro est con莽u pour am茅liorer les performances et la dur茅e de vie tout en r茅duisant la consommation d'茅nergie et la pollution sonore, soutenant les initiatives ESG de Canaan.
Canaan Inc. (NASDAQ: CAN) hat einen Kaufvertrag mit der AGM Group Holdings Inc. (AGMH) 眉ber ihre Tochtergesellschaft Canaan Creative Global Pte in Singapur unterzeichnet. Der Vertrag umfasst eine Erstbestellung von 2.000 Avalon A15 Hydro Bitcoin-Miningmaschinen.
Dar眉ber hinaus bietet der Vertrag AGMH die Option, ungef盲hr 30.000 zus盲tzliche BTC-Mining-Einheiten zu erwerben, die potenziell eine kombinierte Leistungskapazit盲t von bis zu 300 Megawatt erreichen k枚nnte. Der Avalon Miner A15 Hydro wurde entwickelt, um die Leistung und Lebensdauer zu erh枚hen und gleichzeitig den Energieverbrauch und die L盲rmbelastung zu senken, und unterst眉tzt die ESG-Initiativen von Canaan.
- Secured initial order for 2,000 A15 Hydro Bitcoin mining machines
- Potential follow-on order of 30,000 additional mining units
- Agreement expands market presence through new customer acquisition
- None.
Insights
Provides 2000 A15 Hydro Bitcoin mining machines in initial order
Continues global expansion with addition of new customer
As part of the agreement, Canaan will initially provide 2,000 Bitcoin mining machines to AGMH. The Company has also agreed to provide its customer with an option to acquire approximately 30,000 additional BTC mining units, potentially providing AGMH with a combined power capacity not exceeding 300 megawatts.
The Avalon Miner A15 Hydro enhances the miner's performance and lifespan while reducing energy consumption and noise pollution, aligning with Canaan's ESG (Environmental, Social, and Governance) strategy.
About Canaan Inc.
Established in 2013,聽Canaan Inc.聽(NASDAQ: CAN), is a technology company focusing on聽ASIC聽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聽ASIC聽field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating聽ASIC聽technology in聽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聽.
Safe Harbor Statement
This announcement contains forward鈭抣ooking statements. These statements are made under the "safe harbor" provisions of the聽U.S.聽Private Securities Litigation Reform Act of 1995. These forward鈭抣ooking 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聽Canaan Inc.'s聽strategic and operational plans, contain forward鈭抣ooking statements.聽Canaan Inc.聽may also make written or oral forward鈭抣ooking statements in its periodic reports to the聽U.S. Securities and Exchange Commission聽("SEC") on Forms 20鈭扚 and 6鈭扠, 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聽Canaan Inc.'s聽beliefs and expectations, are forward鈭抣ooking statements. Forward鈭抣ooking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward鈭抣ooking 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聽bitcoin聽industry and the price of聽bitcoin; the Company's expectations regarding demand for and market acceptance of its products, especially its聽bitcoin聽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; and relevant government policies and regulations relating to the Company and聽cryptocurrency. Further information regarding these and other risks is included in the Company's filings with the聽SEC. All information provided in this press release and in the attachments is as of the date of this press release, and聽Canaan Inc.聽does not undertake any obligation to update any forward鈭抣ooking statement, except as required under applicable law.
Investor Relations Contacts
Canaan Inc.
Xi Zhang
贰尘补颈濒:听IR@canaan-creative.com
ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
贰尘补颈濒:听canaan.ir@icrinc.com
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SOURCE Canaan Inc.
FAQ
What is the size of Canaan's (CAN) initial mining machine order from AGM Group Holdings?
How many additional mining units can AGM Group Holdings purchase from Canaan (CAN)?
What is the potential total power capacity of the Canaan (CAN) mining machines in the AGM Group Holdings deal?
What are the key features of Canaan's (CAN) Avalon A15 Hydro mining machines?
