Canaan (NASDAQ: CAN) to supply Avalon ASIC kits for Bitfury upgrade
Rhea-AI Filing Summary
Canaan Inc. submitted a Form 6-K as a foreign private issuer, indicating that it files annual reports on Form 20-F. The filing includes an exhibit titled “Canaan Inc. Supplies Avalon® ASIC Kits for Bitfury’s North American Infrastructure Upgrade.” This shows that Canaan is providing its Avalon-branded ASIC hardware to Bitfury as part of an infrastructure upgrade project in North America, highlighting an operational relationship between the two companies, although specific financial terms or volumes are not disclosed in this content.
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FAQ
What did Canaan Inc. (CAN) report in this Form 6-K?
Canaan Inc. filed a Form 6-K that includes an exhibit titled “Canaan Inc. Supplies Avalon® ASIC Kits for Bitfury’s North American Infrastructure Upgrade,” indicating it is supplying Avalon® ASIC hardware for Bitfury’s infrastructure upgrade in North America.
What type of annual report does Canaan Inc. (CAN) file with the SEC?
Canaan Inc. indicates that it files its annual reports under cover of Form 20-F, which is the standard annual report form for foreign private issuers.
Who signed the Form 6-K for Canaan Inc. (CAN)?
The Form 6-K was signed on behalf of Canaan Inc. by Nangeng Zhang, who is the company’s Chairman and Chief Executive Officer.
What is the key business activity mentioned in this Canaan Inc. (CAN) filing?
The key activity mentioned is that Canaan Inc. is supplying its Avalon® ASIC kits for Bitfury’s North American infrastructure upgrade, reflecting a hardware supply role in Bitfury’s project.
Does the Canaan Inc. (CAN) Form 6-K disclose financial terms of the Bitfury ASIC supply?
No financial figures, contract values, or shipment volumes related to the supply of Avalon® ASIC kits for Bitfury’s North American infrastructure upgrade are provided in the content shown.