Canaan Announces $30 million Share Repurchase Program

Canaan Inc. announced today that its Board of Directors (the "Board") has approved a share repurchase program under which the Company may repurchase up to $30 million worth of outstanding shares (i) American Depositary Shares ("ADS"), each representing 15 Class A common shares, and/or (ii) Class A common shares during the next six months beginning May 27, 2025.