▣About Canaan Inc.

Canaan Inc. (NASDAQ: CAN) is a technology company founded in 2013 that focuses on ASIC high‑performance computing chip design, computing equipment production and software services. Under founder and CEO Nangeng Zhang, Canaan’s team shipped the world’s first batch of Bitcoin mining machines incorporating ASIC technology under the Avalon brand and helped establish the commercial Bitcoin‑mining hardware industry; the company completed its Nasdaq IPO in 2019. Leadership is headed by Chairman and Chief Executive Officer Nangeng Zhang, with James Cheng serving as Chief Financial Officer and Lu Meng as Secretary to the Board, alongside other executive team members.