Bloomberg’s report highlights bitcoin price consolidation is within the range of US$40,000 to US$60,000 with a greater likelihood of responsive buyers on the lower end of the range. Amid an increasingly favourably macroeconomic environment, optimism remains for bitcoin’s growth with its next price threshold estimated at US$100,000.

BEIJING, Sept. 15, 2021 -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the second quarter ended June 30, 2021 and the Change of Board Composition.

Canaan Inc. (NASDAQ: CAN), a leading high-performance computing solutions provider, today announced that it has secured a follow-on purchase order from HIVE Blockchain Technologies Ltd., for 6,500 units of its next-generation Avalon Bitcoin mining machines.

Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$10 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from September 22, 2020.