Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has received from HIVE Blockchain Technologies Ltd. (“HIVE”) a purchase order (the “Order”) for 4,000 bitcoin mining machines.

HANGZHOU, China, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the terms of office of three of its independent directors, namely Mr. Hong Zhang, Mr. Xiaohu Yang, and Ms. Mei Luo, expired on August 1, 2020.

HANGZHOU, China, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Mr. Jianping Kong (“Mr. Kong”) and Mr. Qifeng Sun (“Mr. Sun”) no longer serve as directors on the board of the directors of the Company (the “Board”) upon the expiration of their respective terms of office on July 31, 2020.

Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, “We are pleased to further enhance our partnership with Mawson. With potent computing performance, we are bringing our next-generation mining solutions to a growing cohort of renowned international miners. Meanwhile, by strengthening our supply chain management, we have also secured our production capacity and ensured the timely delivery of our products to support our clients in their mining capacity expansions. Looking ahead, we will remain focused on our growth strategies for overseas advancement, R&D investment, and supply chain cultivation to augment the sustainability of our business development.”