Canaan Inc. Renews Its US$30 Million Share Buyback Program

Provided By PR Newswire

Last update: Dec 17, 2025

Renewal demonstrates confidence in the Company's long-term value and strategic progress

SINGAPORE, Dec. 17, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may buy back up to US$30 million worth of its outstanding American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, or Class A ordinary shares, over the next 12 months starting December 12, 2025. This initiative underscores the Company's strong financial position, solid operational performance in the third quarter of 2025, and confidence in its ability to create long-term shareholder value.