CANAAN's Chairman and CEO, NANGENG ZHANG, along with CFO JAMES JIN CHENG, have announced their intention to jointly purchase at least $2 million worth of Class A common stock using personal funds, in order to demonstrate confidence in the undervalued company. NANGENG ZHANG further stated that with the upcoming Bitcoin halving event, the Bitcoin ecosystem will present more opportunities. The company is accelerating the manufacturing of its A14 series mining machines and is also developing the A15 and A16 series products. Established in 2013, CANAAN is a technology company specializing in ASIC high-performance computing chip design and production.

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<p>News from TechFlow: Nangeng Zhang, Chairman and CEO of Canaan, along with James Jin Cheng, CFO, plan to use personal funds to jointly purchase at least $2 million worth of Class A common stock in the company, expressing confidence in the undervalued company.</p>
<p>Nangeng Zhang stated that the company is accelerating the manufacturing of the A14 series mining machines and is also developing the A15 and A16 series products. It is expected that the Bitcoin ecosystem will see more opportunities with the occurrence of the Bitcoin halving event.</p>
<p>It is reported that Canaan was founded in 2013 and specializes in ASIC high-performance computing chip design and production. It is a technology company.</p>
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CANAAN Executives Plan to Purchase Company Shares and Predict Opportunities Brought by Bitcoin Halving