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Canaan Inc. Awarded Order from New Customer CleanSpark for Avalon A1566I Miners

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Contributing to CleanSpark’s Immersion Mining Operations

SINGAPORE, Nov. 1, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that Canaan U.S. Inc., a wholly owned subsidiary of the Company, has entered into a purchase agreement with a new customer, CleanSpark Inc., for its Avalon A1566I miners.

According to the purchase agreement, Canaan U.S. Inc. will provide CleanSpark with 3800 Avalon A1566I Immersion Cooling Miners. The miners, with average compute power of 249 Terahash per second (TH/s) without overclocking, are scheduled to be delivered in the fourth quarter of 2024. 

“We are thrilled that CleanSpark has chosen Canaan’s high-performance mining solutions to advance their state-of-the-art immersion facilities. CleanSpark operates one of the industry’s highest-performing and most power-efficient mining fleets, led by a skilled team committed to maximizing efficiency and pursuing strategic site acquisitions,” said Mr. Nangeng Zhang, Chairman and CEO of Canaan. “We look forward to seeing our immersion-cooled miners integrated into CleanSpark’s impressive, vertically integrated system.”

“CleanSpark’s choice of Canaan miners highlights the strength of our products and our shared dedication to shaping the future of Bitcoin mining,” Mr. Zhang continued. “Our commitment to supporting the North American mining community is unwavering, and we are excited about the new opportunities this collaboration opens as we expand our regional presence.”

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, Canaan Inc.’s anticipated financing plans and its intended use of proceeds contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry in China; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Ms. Xi Zhang
Email: IR@canaan-creative.com 

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com 

View original content:https://www.prnewswire.com/news-releases/canaan-inc-awarded-order-from-new-customer-cleanspark-for-avalon-a1566i-miners-302294076.html

SOURCE Canaan Inc.

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Envision Announces Strategic Collaboration with Brazil to Power Green Oil Strategy with Net-Zero Industrial Park

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BEIJING, May 13, 2025 /PRNewswire/ — Envision, a global leader in green technology, today announced a strategic collaboration with Brazilian government during President Luiz Inácio Lula da Silva’s official visit to China. In the meeting between President Lula and Envision’s Chairman Lei Zhang, the two leaders exchanged views on Brazil’s green energy transition, the development of Net-Zero Industrial Parks, and  joint efforts on key technologies including sustainable aviation fuel (SAF), green hydrogen and ammonia.

Envision will develop Latin America’s first Net-Zero Industrial Park in Brazil. Anchored by the production of Sustainable Aviation Fuel (SAF), the park will establish a complete green fuel value chain while advancing the development of green hydrogen and green ammonia. By leveraging Envision’s renewable energy systems, the park aims to establish a “green oil” ecosystem and accelerate Brazil’s green industrial  transition.

Lei Zhang, Chairman of Envision, said: “Brazil is crucial to the global green transition of human society. It is poised to become the world’s most significant green oil production hub, as it possesses both abundant biomass and renewable electricity needed for green oil production. Envision is driving the advancement of cost competitiveness of green oil through technological innovation. Leveraging our pioneering Net-Zero Industrial Park model, we have built the world’s largest and most cost-effective green hydrogen and ammonia project in Chifeng, Inner Mongolia. We are committed to putting the vision of a community with a shared future for mankind into action, leveraging China’s new energy innovations to bring a new global prosperity.”

As the inventor of the Net-Zero Industrial Park model, Envision’s first-of-its-kind park, developed in partnership with the city of Ordos, has been recognized for several consecutive years as a leading example in the World Transitioning Industrial Clusters Report released by World Economic Forum. Building on this success, Envision is now scaling the model across diverse regions, including Inner Mongolia, Jiangsu, and Spain, tailoring each park to local resources and industrial strengths.

-End-

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/envision-announces-strategic-collaboration-with-brazil-to-power-green-oil-strategy-with-net-zero-industrial-park-302452599.html

SOURCE Envision Energy

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DENSO Donates $9,000 to Athens, Tennessee-area High Schools for STEM Education

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Employee competition leads to support of technical programs at nine local high schools

SOUTHFIELD, Mich., May 12, 2025 /PRNewswire/ — DENSO, a leading mobility supplier, announced that DENSO Manufacturing Athens Tennessee, Inc. (DMAT), has donated $9,000 to local high schools, giving each $1,000 to support their Science, Technology, Engineering and Math (STEM) programs.

The recipient schools include:

Lenoir City High SchoolMeigs County High SchoolMcMinn Central High SchoolMcMinn County High SchoolPolk County High SchoolSequoyah High SchoolSweetwater High SchoolTellico Plains High SchoolWalker Valley High School

As one of the world’s largest automotive suppliers, DENSO strives to foster a work environment that prioritizes safety, collaboration and quality.

Last year, as part of DMAT’s continuous efforts to improve metrics in those focus areas, the location launched a friendly competition among internal teams. It centered on a simple idea: the better your group performed, the more your group could raise up to $1,000 for local high school STEM programs.

Motivated to deliver for each other and local students, each team hit their key metrics by the conclusion of the year-long competition this spring. As a result, DMAT awarded the full donation amounts to the recipient schools on behalf of its employees.

“This competition represents the best of DENSO – our teams working together to not only continuously improve, but also support the communities where we live and work,” said Steven Hayes, director of Manufacturing at DMAT. “We are grateful to channel the success of the project into a positive outcome for local schools and do our small part in contributing to technical education. These schools, and their STEM programs, are vital to preparing future innovators.” 

DENSO is always looking for ways to give back to the places it calls home, including in and around Athens. DMAT is a supporter of the United Way of McMinn and Meigs County, The East Tennessee Japanese School, Adopt-A-School programs, and other local initiatives.

DMAT has produced leading powertrain parts and systems in Athens for more than 20 years. In October 2024, DENSO announced a $100 million expansion at the location that would enhance its ability to produce a wider range of solutions, such as DENSO’s heating, ventilation and air conditioning (HVAC) product.

If interested in opportunities at a leading supplier committed to making a difference in its communities, visit DENSO’s career page.

About DENSO 
Globally headquartered in Kariya, Japan, DENSO is a $47.9 billion leading mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in around 180 facilities worldwide to provide opportunities for rewarding careers and to produce cutting-edge electrification, powertrain, thermal and mobility electronics products, among others, that change how the world moves. In developing such solutions, the company’s 158,000 global employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. DENSO spent around 8.6 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2025. For more information about DENSO’s operations worldwide, visit https://www.denso.com/global/en/. 

In North America, DENSO is headquartered in Southfield, Michigan, and employs 27,000+ team members across nearly 50 sites in the U.S, Canada and Mexico. In the fiscal year ending March 31, 2025, DENSO in North America generated $12.5 billion in consolidated sales. To learn more about DENSO operations in the region and explore career opportunities, please visit https://www.denso.com/us-ca/en/

View original content to download multimedia:https://www.prnewswire.com/news-releases/denso-donates-9-000-to-athens-tennessee-area-high-schools-for-stem-education-302452605.html

SOURCE DENSO

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Sucro to Host First Quarter 2025 Conference Call

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CORAL GABLES, Fla., May 12, 2025 /CNW/ – Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) (“Sucro” or the “Company”), an integrated sugar refiner focused primarily on serving North American sugar markets, today announced that it will release its first quarter 2025 results on Friday, May 23, 2025, before the opening of markets.

The Company will also host a conference call on Friday, May 23, 2025, at 1:00 pm Eastern time during which Jonathan Taylor, Founder and Chief Executive Officer, and Stefano D’Aniello, Chief Financial Officer, will discuss Sucro’s financial performance for the first quarter ended March 31, 2025.

Conference Call Details:

Date:

Friday May 23, 2025

Time:

1:00 pm ET

Conference Call:

Toll-Free Dial-In Number

(800) 836-8184

Dial-In Number (GTA)

(646) 357-8765

Please dial in at least five minutes before the call begins.

Replay:

Available through June 6, 2025

Replay Access:

Toll-Free Dial-In Number

(888) 660-6345

Dial-In Number (GTA)

(646) 517-4150

Passcode

57871 #

About Sucro

Sucro is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customers. Sucro’s integrated supply chain includes sourcing raw and refined sugar from countries throughout Latin America, and refined sugar from its own refineries, and delivering to customers in North America and the Caribbean. Since its inception in 2014, Sucro has achieved growth by creating value for customers through continuous process innovation and supply chain re-engineering. Sucro has established a broad production, sales, and sourcing network throughout North America with two cane sugar refineries and an additional value-added processing facility, and two sugar cane refineries under development in Hamilton, Ontario and University Park, Illinois (a suburb of Chicago). The Company has offices in Miami, Mexico City, Cali, Sao Paulo, and Port of Spain. For more information, visit sucro.us and follow us on LinkedIn.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Sucro Limited

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