A13

Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, February 27, 2024
ADS, Research, PIN, Mining, AI, Marketing, Bank, ATM, Growth, Sale, Disclosure, A14, A13, Policy, Electricity, Finance, Procurement, Renminbi, FASB, BNY Mellon, Bank statement, Depreciation, Cryptocurrency

Products revenue in the fourth quarter of 2023 was US$44.9 million, compared to US$29.9 million in the third quarter of 2023 and US$47.5 million in the same period of 2022.

Key Points: 
  • Products revenue in the fourth quarter of 2023 was US$44.9 million, compared to US$29.9 million in the third quarter of 2023 and US$47.5 million in the same period of 2022.
  • Cost of revenues in the fourth quarter of 2023 was US$103.1 million, compared to US$102.4 million in the third quarter of 2023 and US$122.5 million in the same period of 2022.
  • Products costs in the fourth quarter of 2023 were US$95.8 million, compared to US$83.7 million in the third quarter of 2023 and US$98.9 million in the same period of 2022.
  • Mining costs in the fourth quarter of 2023 were US$6.0 million, compared to US$17.9 million in the third quarter of 2023 and US$23.6 million in the same period of 2022.

Total by Verizon to Make Advertising Debut During Univision Big Game Telecast

Retrieved on: 
Thursday, January 4, 2024
Technology, Mobile, Wireless, Football, Hispanic, Entertainment, Events, Concerts, Consumer, 5G, Sports, Telecommunications, Advertising, Networks, Communications, TV and Radio, Samsung, International, Language, Ogilvy, Univision, A13, TelevisaUnivision, Television

Total by Verizon, a fast-growing prepaid no-contract wireless provider from Verizon, is making a major play to reach Latino audiences during the Big Game on the nation’s largest Spanish-language TV network, Univision.

Key Points: 
  • Total by Verizon, a fast-growing prepaid no-contract wireless provider from Verizon, is making a major play to reach Latino audiences during the Big Game on the nation’s largest Spanish-language TV network, Univision.
  • TelevisaUnivision will air its first-ever broadcast of the Big Game, and Total by Verizon will debut new advertising creative.
  • “Total by Verizon’s appearance during the Univision telecast of the Big Game marks our commitment to serving Latino audiences authentically and in language, and it’s just the beginning,” said Angie Klein, President of Verizon Value organization.
  • And now for a limited time, customers can get a Samsung A13 5G courtesy of Total by Verizon when they switch*.

Canaan Inc. Reports Unaudited Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 29, 2023
Bitcoin, Agreement, Pressure, Quarter, Marketing, ADS, Policy, Electricity, Research, Type, Person, ATM, PIN, Mining, Depreciation, Growth, A13, AI, Digital, Good, Total, Renminbi, Cryptocurrency, Video game, Bank, Beauty salon, Rare-earth element

SINGAPORE, Aug. 29, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended June 30, 2023.

Key Points: 
  • Mr. James Jin Cheng, Chief Financial Officer of Canaan, stated, "In the second quarter of 2023, we observed improvement in both our sales and mining activities, which contributed to our better-than-expected revenue performance.
  • Revenues in the second quarter of 2023 were US$73.9 million, as compared to US$55.2 million in the first quarter of 2023 and US$245.9 million in the same period of 2022.
  • Products revenue in the second quarter of 2023 was US$57.9 million, compared to US$44.1 million in the first quarter of 2023 and US$238.1 million in the same period of 2022.
  • From May 26, 2023, the date the Company reported its financial results for the first quarter of 2023, to August 29, 2023, the Company did not utilize the ATM for fundraising.

Canaan Inc. Reports Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Friday, May 26, 2023
Marketing, Cipher, Bank statement, ADS, Electricity, Research, History, ATM, PIN, Investment, Mining, Depreciation, A13, AI, Quarter, Total, Cryptocurrency, Video game, Bank, Bitcoin, Renminbi

SINGAPORE, May 26, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended March 31, 2023.

Key Points: 
  • - Total Computing Power Sold Rebounded to 4.2 Million Thash/s, up 126.8% QoQ -
    SINGAPORE, May 26, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended March 31, 2023.
  • The Company has applied the change of reporting currency retrospectively to its historical results of operations and financial statements.
  • Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "The first quarter of 2023 was a challenging start.
  • From March 7, 2023, the date the Company reported its financial results for the fourth quarter of 2022, to May 25, 2023, the Company utilized the ATM for a small amount of fundraising to test the financing facility.

Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Tuesday, March 7, 2023
PIN, Share repurchase, Research, Growth, Renminbi, ADS, Mining, A13, ATM, Investment, AI, Depreciation, Marketing, Cryptocurrency, Video game, Pharmaceutical industry

BEIJING, March 7, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months and twelve months ended December 31, 2022.

Key Points: 
  • Mr. James Jin Cheng, Chief Financial Officer of Canaan, stated, "In the fourth quarter of 2022, we achieved better-than-expected total revenues under the severe conditions of low bitcoin price and weak sales demand.
  • AI product revenue decreased from RMB2.4 million in the third quarter of 2022 to RMB1.6 million (US$0.2 million) in the fourth quarter of 2022.
  • Research and development expenses in the fourth quarter of 2022 also included share-based compensation expenses of RMB14.1 million (US$2.1 million).
  • The loss in the fourth quarter of 2022 was due to the US dollar depreciation against the Renminbi during the fourth quarter of 2022.

France: Fewer Emissions, Fewer Stops with New Tolling System by Kapsch TrafficCom

Retrieved on: 
Tuesday, November 22, 2022
Transportation, Data Management, Technology, Travel, Payments, Other Transport, Trucking, Electronic Commerce, Transport, Software, Hardware, A14, A14 highway (Lithuania), CO2, Kapsch, Transport, SAPN, A13, Text, Road transport

With the system, to which Kapsch TrafficCom is supplying part of the central building blocks, 30,000 tons of CO2 will be saved per year.

Key Points: 
  • With the system, to which Kapsch TrafficCom is supplying part of the central building blocks, 30,000 tons of CO2 will be saved per year.
  • Kapsch TrafficCom is delivering a complete set of gantries as well as the interfaces with central SAPN systems.
  • Full Text press release at: https://www.kapsch.net/en/press/releases/ktc-20221122-pr-en
    Learn more about how to innovate in the tolling space here: Tolling Transformation (kapsch.net) .
  • Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility with successful projects in more than 50 countries.

Canaan Inc. Reports Unaudited Third Quarter 2022 Financial Results

Retrieved on: 
Monday, November 14, 2022
Avalon, ATM, SEC, Growth, H.10, Federal Reserve Board of Governors, ADS, Technology, Share repurchase, Goal, A13, Environment, Income, PIN, Translation, Annual report, Research, ADSS, Efficiency, Industry, RMB, Company, Terminology, Marketing, Miner, Mining, Program, U.S. Securities and Exchange Commission, ASIC, Artificial intelligence, NASDAQ, Pressure, Private Securities Litigation Reform Act, Electricity, LLC, Review, AI, Renminbi, Renewable energy, Video game, Lithium, Cryptocurrency, Security (finance), Insurance, Car rental, Bank, Bitcoin

BEIJING, Nov. 14, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended September 30, 2022.

Key Points: 
  • BEIJING, Nov. 14, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended September 30, 2022.
  • In the product revenue segment, AI revenue increased from RMB1.6 million in the second quarter of 2022 to RMB2.4 million (US$0.3 million) in the third quarter of 2022.
  • Impairment on cryptocurrencyin the third quarter of 2022 was RMB11.3million (US$1.6million), compared to RMB30.0 million in the second quarter of 2022 and nil in the same period of 2021.
  • Eastern Time on November 14, 2022 (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results.

Canaan Inc. Launches New Generation of Bitcoin Mining Machines

Retrieved on: 
Monday, October 24, 2022
Avalon, U.S. Securities and Exchange Commission, SEC, Efficiency, Growth, ASIC, A13, NASDAQ, Research, Annual report, Artificial intelligence, Technology, Private Securities Litigation Reform Act, Goal, Company, Industry, Terminology, Solution, Cryptocurrency, Bitcoin

BEIJING, Oct. 24, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today launched its new generation of high-performance bitcoin mining machine, the Avalon Made A13 ("A13") series.

Key Points: 
  • BEIJING, Oct. 24, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today launched its new generation of high-performance bitcoin mining machine, the Avalon Made A13 ("A13") series.
  • We believe that our new generation products will enable us to better fulfill our mission of supporting the bitcoin ecosystem by providing superior products, solutions, and services."
  • In 2013, it released and mass produced its first ASIC Bitcoin mining machine.
  • In 2018, Canaan released the world's first 7nm ASIC chip, providing energy efficient computing equipment to the cryptocurrency mining industry.

HOPIUM CHOOSES NORMANDY FOR ITS FIRST INDUSTRIAL SITE

Retrieved on: 
Friday, September 23, 2022
Hydrogen, Trust, News, Climate change, ArianeGroup, Region, CEO, Technology, Channel, A13, 24 Hours of Le Mans, Innovation, Renewable energy

PARIS, Sept. 23, 2022 /PRNewswire/ --Hopium, the first French manufacturer of high-end hydrogen powered vehicles, announces the deployment of its industrial site near Vernon, in Normandy.

Key Points: 
  • PARIS, Sept. 23, 2022 /PRNewswire/ --Hopium, the first French manufacturer of high-end hydrogen powered vehicles, announces the deployment of its industrial site near Vernon, in Normandy.
  • The Vernon site will eventually employ more than 1,500 people in all its divisions, and thus intends to contribute to the economic dynamism of the region.
  • Hopium, by selecting this site for the location of its cutting-edge infrastructure, is completing another decisive step in its roadmap, which should lead to the launch of the first Hopium Mchina models on the market in late 2025.
  • Normandy, a leading industrial region, is a pioneer in the development of this promising sector.

HOPIUM CHOOSES NORMANDY FOR ITS FIRST INDUSTRIAL SITE

Retrieved on: 
Friday, September 23, 2022
Hydrogen, Trust, News, Climate change, ArianeGroup, Region, CEO, Technology, Channel, A13, 24 Hours of Le Mans, Innovation, Renewable energy

PARIS, Sept. 23, 2022 /PRNewswire/ --Hopium, the first French manufacturer of high-end hydrogen powered vehicles, announces the deployment of its industrial site near Vernon, in Normandy.

Key Points: 
  • PARIS, Sept. 23, 2022 /PRNewswire/ --Hopium, the first French manufacturer of high-end hydrogen powered vehicles, announces the deployment of its industrial site near Vernon, in Normandy.
  • The Vernon site will eventually employ more than 1,500 people in all its divisions, and thus intends to contribute to the economic dynamism of the region.
  • Hopium, by selecting this site for the location of its cutting-edge infrastructure, is completing another decisive step in its roadmap, which should lead to the launch of the first Hopium Mchina models on the market in late 2025.
  • Normandy, a leading industrial region, is a pioneer in the development of this promising sector.