Canaan Authorizes Monetization Of Digital Asset Treasury To Fund ADS Repurchases Under Board—Approved Share Buyback Program

Repurchases will be executed under the Company's existing share repurchase authorization SINGAPORE, Aug. 4, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN ) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced that it has authorized its management to monetize a portion of its digital asset treasury to fund repurchases of its American depositary shares ("ADSs") under the share repurchase program authorized by its board of directors (the "Board") effective December 12, 2025. The Company may fund further repurchases using its digital asset proceeds, depending on the trading price of its ADSs, prevailing market conditions, working capital requirements, and other considerations. Any such action remains subject to Board oversight and to the limits of the existing authorization. This approach reflects Canaan's disciplined capital allocation strategy,...