#Singapore #Canaan Inc #Cryptocurrency Mining #Avalon

Canaan Inc. Annual Report Released in 2024

Canaan Inc. (NASDAQ: CAN), a leading innovator in crypto mining technology, has recently announced the submission of its annual report on Form 20-F for the fiscal year that concluded on December 31, 2024. This report was officially filed with the Securities and Exchange Commission (SEC) on April 18, 2025, and provides detailed insights into the company’s performance over the past year.

The document is accessible via the SEC's website, specifically at www.sec.gov, and can also be viewed through Canaan's investor relations page at investor.canaan-creative.com. For those interested, Canaan has announced that hard copies of the annual report will be provided free of charge to its shareholders and American Depositary Share (ADS) holders upon request. Shareholders can make these requests through the company's Investor Relations Department.

Established in 2013, Canaan Inc. has made significant strides in the tech industry by specializing in ASIC (Application-Specific Integrated Circuit) high-performance computing chip design. The company focuses not only on chip R&D and manufacturing but also on developing computing equipment and software services tailored to the crypto mining sector. Canaan has gained recognition for being a pioneer in the field, having initially delivered the first mining machines equipped with ASIC technology, branded as Avalon, during the early days of Bitcoin mining.

As a growing player in the cryptocurrency mining landscape, Canaan's public listing on the Nasdaq Global Market in 2019 marked a pivotal moment for the company, affirming its status as a key competitor in the market. The release of their 2024 annual report acts as a transparent conduit for stakeholders, detailing financials, operational highlights, and future strategies to navigate the dynamic crypto environment.

The report is expected to shed light on Canaan's recent advancements, along with performance metrics that have shaped its strategic direction. As consumer interest in cryptocurrency continues to rise, along with regulatory developments, stakeholders are eager to understand how Canaan plans to leverage its expertise amid these evolving challenges.

The narrative surrounding Canaan's report aligns with broader trends in the crypto industry, where transparency and consumer trust are paramount. As a response to increasing demands for information surrounding cryptocurrency investments, companies like Canaan are positioning themselves to provide investors with clarity and assurance.

By making its annual report readily available, Canaan demonstrates its commitment to open communication and can significantly boost investor confidence. In a rapidly changing market, such transparency can help in establishing long-term relationships with stakeholders who are critically aware of emerging opportunities and risks within the cryptocurrency space.

For more information, conducted research, or deeper insights into Canaan’s performance metrics, interested parties can directly visit the official website or contact the Investor Relations team for inquiries.

As Canaan Inc. continues to innovate and lead in the realm of crypto mining, the 2024 annual report serves as a vital resource for understanding their journey and projected future in this competitive landscape.