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Canaan (NASDAQ: CAN) to supply Avalon ASIC kits for Bitfury upgrade

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

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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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2025

 

Commission File Number: 001-39127

 

 

Canaan Inc.

 

 

28 Ayer Rajah Crescent

#06-08

Singapore 139959

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x            Form 40-F ¨

 

 

 

 

 

 

EXHIBITS

 

Exhibit No.

 

Description

Exhibit 99.1   Canaan Inc. Supplies Avalon® ASIC Kits for Bitfury’s North American Infrastructure Upgrade

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Canaan Inc.
     
     
  By:

/s/ Nangeng Zhang

  Name: Nangeng Zhang
  Title: Chairman and Chief Executive Officer

 

Date: August 28, 2025

 

 

 

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.

Canaan Inc.

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