BEIJING, Aug. 3, 2021/ PRNewswire/– Canaan Inc. (NASDAQ: CAN) (“ Canaan” or the “Firm”), a leading high-performance computer services service provider, today introduced that it has actually gotten from HIVE Blockchain Technologies Ltd. (” HIVE”) an order (the “Order”) for 4,000 bitcoin mining makers with an accumulated operating hash power of 272 Petahash per 2nd (” PH/s”). According to the regards to the Order, the Firm will certainly provide the mining makers in 2 tranches over the following 60 days, consisting of 2,000 makers in August 2021 as well as 2,000 makers in September 2021
This order is an enhancement to HIVE’s previous order positioned previously this year for 6,400 Canaan AvalonMiner 1246 Miners with an accumulated operating hash power of 576 PH/s.
Headquartered in Vancouver, Canada, HIVE is the very first cryptocurrency mining business with an environment-friendly power as well as ESG technique. With information facility facilities in Canada, Sweden, as well as Iceland, HIVE intends to construct a bridge in between standard funding markets as well as the electronic money as well as blockchain market. HIVE is presently provided in the Toronto Stock Market, Nasdaq Stock Exchange, as well as Frankfurt Stock Market.
Mr. Nangeng Zhang, Chairman as well as President of Canaan, commented, “The order from HIVE is a testimony to the efficiency of our mining makers along with our capacity to create lasting as well as equally helpful miner connections. With engaging computer power as well as outstanding cost-efficiency, we eagerly anticipate proceeded firms with our mining business customers to collectively take advantage of the huge possibilities from the fast-growing cryptocurrency market.”
Concerning Canaan Inc.
Developed in 2013, Canaan (NASDAQ: CAN), is an innovation business concentrating on ASIC high-performance computer chip style, chip r & d, calculating tools manufacturing as well as software program solutions. The business’s vision is “incredibly computer is what we do, social enrichment is why we do”. Canaan has an abundant experience in chip style as well as structured manufacturing in the ASIC area. In 2013, it launched as well as standardized its very first ASIC Bitcoin mining maker. In 2018, Canaan launched the globe’s very first 7nm ASIC chip, supplying power effective computer tools to the cryptocurrency mining market. In the exact same year, Canaan launched the globe’s very first RISC-V style business side AI chip, additional taking advantage of the possibility of AISC modern technology in the area of high-performance computer as well as expert system.
Safe Harbor Declaration
This statement consists of onward − looking declarations. These declarations are made under the “risk-free harbor” stipulations of the UNITED STATE Exclusive Stocks Lawsuits Reform Act of 1995. These onward − looking declarations can be determined by terms such as “will,” “anticipates,” “expects,” “future,” “plans,” “strategies,” “thinks,” “price quotes” as well as comparable declarations. To name a few points, business overview as well as quotes from monitoring in this statement, along with Canaan Inc.’s tactical as well as functional strategies, include onward − looking declarations. Canaan Inc. might likewise make composed or dental onward − looking declarations in its routine records to the UNITED STATE Stocks as well as Exchange Compensation (” SEC”) on Types 20 − F as well as 6 − K, in its yearly record to investors, in news release as well as various other written products as well as in dental declarations made by its policemans, supervisors or staff members to 3rd parties. Declarations that are not historic truths, consisting of declarations concerning Canaan Inc.’s ideas as well as assumptions, are onward − looking declarations. Ahead − looking declarations include intrinsic threats as well as unpredictabilities. A variety of variables can trigger real outcomes to vary materially from those included in any kind of onward − looking declaration, consisting of however not restricted to the following: the Firm’s objectives as well as methods; the Firm’s future organization advancement, monetary problem as well as outcomes of procedures; the anticipated development of the Bitcoin market as well as the cost of Bitcoin; the Firm’s assumptions relating to need for as well as market approval of its items, particularly its Bitcoin mining tools; the Firm’s assumptions relating to keeping as well as enhancing its connections with manufacturing companions as well as consumers; the Firm’s financial investment strategies as well as methods, variations in the Firm’s quarterly operating outcomes; competitors in its market in China; as well as pertinent federal government plans as well as laws associating with the Firm as well as cryptocurrency. Additional details relating to these as well as various other threats is consisted of in the Firm’s filings with the SEC, including its enrollment declaration on Type F − 1, as changed, as well as its yearly records on Type 20 − F. All details supplied in this news release as well as in the add-ons is since the day of this news release, as well as Canaan Inc. does not take on any kind of commitment to upgrade any kind of onward − looking declaration, other than as called for under appropriate regulation.
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