Canaan Inc. Executives Purchase Shares, Signaling Confidence in Future Growth

In a decisive move reflecting their confidence in the company’s future, Canaan Inc.'s chairman and CEO, Nangeng Zhang, along with CFO James Jin Cheng, have recently announced their acquisition of additional shares in the company. This development, made public on June 9, 2025, showcases the leaders' belief in the company's potential and its forthcoming advancements in the cryptocurrency mining sector.

Canaan Inc., listed on NASDAQ under the ticker CAN, is renowned as a pioneer in crypto mining technology. With a strong commitment to innovation, the company specializes in the design and production of high-performance computing chips tailored for mining applications. The recent share purchases, which totaled 817,268 American Depositary Shares (ADSs) at an average price of $0.76 per share, exemplify the executives' unwavering faith in Canaan's promising trajectory.

Both Mr. Zhang and Mr. Cheng believe that the current market price of their ADSs does not accurately reflect the intrinsic value and future possibilities of Canaan Inc. Zhang expressed, "My share purchase underscores my belief in Canaan's vision and the tremendous opportunities ahead. Both James and I believe there is a significant disconnect between our current ADS price and the value we believe we can deliver in the coming years."

About Canaan Inc.
Established in 2013, Canaan Inc. has carved out a significant niche within the tech industry, particularly focusing on application-specific integrated circuit (ASIC) design and manufacturing. The company made history in 2013 by delivering the first batch of Bitcoin mining machines featuring ASIC technology, marketed under the Avalon brand. This innovation has positioned Canaan as a significant player in the rapidly evolving cryptocurrency landscape.

— Company Background
Canaan Inc. has continued to thrive, completing its initial public offering on the Nasdaq Global Market in 2019. Since then, its focus has shifted toward enhancing its computing capabilities and expanding its product offerings centered around cryptocurrency mining technologies. The company's state-of-the-art design and manufacturing processes reflect its commitment to quality and innovation in delivering cutting-edge mining solutions.

As Canaan Inc. continues to make strides in the crypto mining industry, analysts are keenly observing its growth potential, especially as the global demand for cryptocurrencies and related technologies continues to rise. With blockchain technology becoming increasingly integrated into various sectors, Canaan’s leadership sees their strategic investments and enhanced product lines paving the way for future success.

The purchases made by Zhang and Cheng not only reassure investors of Canaan's robust future but also signify the growing confidence among executives regarding the cryptocurrency market's trajectory. Their decision to invest in the firm directly indicates a strong belief in the company’s strategic initiatives and long-term vision.

Looking ahead, Canaan stands poised to capitalize on emerging opportunities within the cryptocurrency market. The company’s history of innovation and leadership positions it well to navigate challenges and seize upon new trends in the crypto space. As market dynamics continue to evolve, all eyes will be on Canaan to observe how its leadership decisions enhance the company’s value and operational success.

In conclusion, the recent share purchases by Canaan Inc.’s top executives underscore their commitment to the company's future, showcasing confidence in both their innovative capabilities and the overall cryptocurrency landscape. As Canaan continues to expand its presence and influence, it remains focused on realizing its vision of leading the charge in the world of crypto mining.