Canaan Announces $30 Million Stock Repurchase Plan

Canaan Inc. today announced that its Board of Directors (the "Board") has approved a stock repurchase program under which the company may repurchase up to $30 million worth of its outstanding shares in the form of (i) American Depositary Shares ("ADS"), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares, within the six months starting from May 27, 2025.