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Canaan Inc. Announces Up to US$30 Million Share Repurchase Program

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SINGAPORE, May 27, 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 repurchase up to US$30 million worth of its outstanding (i) American depositary shares (“ADSs”), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares, over the next six months starting from May 27, 2025.

Nangeng Zhang, chairman and chief executive officer of Canaan, commented, “In light of the recent market conditions, we believe that our shares are trading at levels that materially undervalue the strength of our business model and long-term growth potential. Our decision to initiate this share repurchase program is a proactive step to protect shareholder value while demonstrating our confidence in the Company’s strategic direction. Despite the current challenges posed by macro volatility and the newly imposed U.S. tariffs, we remain focused on executing our strategic plan with discipline, driving technological innovation, and preparing for a recovery across the bitcoin mining ecosystem.”

Under the share repurchase program, the Company may repurchase the ADSs representing its Class A ordinary shares through open market transactions at prevailing market prices, privately negotiated transactions, block trades or any combination thereof. In addition, Canaan will effect repurchase transactions in compliance with the Securities Exchange Act of 1934, as amended, and its insider trading policy. The number of ADSs repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with Canaan’s working capital requirements and general business conditions. The Company’s Board and/or its management will review the share repurchase program periodically and may authorize an adjustment of its terms and size as appropriate. The Company plans to fund the repurchases with its existing cash balance.

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, the business outlook and quotations from management in this announcement, as well as Canaan Inc.’s strategic and operational plans, 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, such as expectations with regard to revenue or mining hash rate deployment, 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, the ability of the company to execute against its goals, 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; changing macroeconomic and geopolitical conditions, including evolving international trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; 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.
Xi Zhang
Email: IR@canaan-creative.com

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

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SOURCE Canaan Inc.

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SINEXCEL Partners with Tokyo Developer Namcha Barwa to Jointly Execute Japanese Utility-Scale BESS Projects

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TOKYO, June 15, 2026 /PRNewswire/ — SINEXCEL (300693.SZ) and Namcha Barwa Co., Ltd., a Tokyo-based clean-energy developer, signed a strategic cooperation agreement covering the Japanese energy storage market. They will combine local project development with utility-scale PCS delivery, engineering, and localized after-sales operations.

Full-Chain Cooperation from Equipment Supply to Joint Execution

The partnership transcends traditional channel arrangements. Namcha Barwa contributes project development and grid-connection capabilities across domestic clean-energy and large-scale BESS sites; SINEXCEL provides utility-scale PCS, engineering, and after-sales support. Both sides will build the local execution layer — on-site engineering, spare parts staging, and technical training — keeping decision-making close to each project site.

StellaON 1250K/1575K and 1375kW PCS Adapted to Japan’s Grid

The Japanese energy storage market is globally recognized for formidable entry barriers, demanding rigorous third-party certifications, and exacting utility compliance.

Successfully navigating these steep technical hurdles, StellaON 1250K/1575K and 1375kW utility-scale PCS solutions fully satisfy Japan’s stringent grid-entry requirements, securing comprehensive compliance for regional utility interconnections. These platforms are explicitly built for Japan’s islanded grid topology, disaster-resilience requirements, and power-quality standards:

Grid-forming capability including HVRT/LVRT and black-start, supporting peak shaving and reactive compensation at large-scale renewable sites.Proven Reliability: Following rigorous full-chain reliability validation, the product’s MTBF breaks through 300,000 hours, outperforming the industry standard by 3x.High-Power-Density Integration: Standardized MV station solutions ranging from 20ft 2.5MW–5MW to 40ft 10MW/12.5MW configurations.

50+ Project Deliveries and Dedicated Local Services

Over five years in Japan, with more than 50 energy storage projects delivered, progressing from 30 kW and 500kW PCS to megawatt-level utility-scale projects.Since January 2026, eight 2 MW/8MWh utility-scale BESS systems have been commissioned across six prefectures, interconnection filings have been completed with seven regional utilities, and integration testing has closed with seven Japanese EMS vendors.SINEXCEL’s Japan subsidiary has completed its legal registration in Tokyo, backed by a Japan-based parts warehouse and local sales, pre-sales, and after-sales team.

Globally, SINEXCEL has 17GW of installed storage capacity, more than 5,000 projects, and over 600 partners across 60+ markets. The Namcha Barwa cooperation extends this footprint into one of Asia’s most demanding storage markets.

About SINEXCEL

Founded in 2007, SINEXCEL is a pioneer in energy storage, EV charging, and power quality solutions. With 17GW of installed storage, 200,000 EV DC chargers, and nearly 20 million amperes of Active Harmonic Filter deployed, SINEXCEL partners with industry leaders to empower energy freedom.

Contact: melody_yu@sinexcel.com 

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SOURCE SINEXCEL

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MicroLED Interconnect Market to Reach USD 722.0 Million by 2033, Driven by AI Infrastructure Expansion and High-Performance Computing Demand

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Grand View Research Analysis Highlights Rapid Adoption of Energy-Efficient Optical Interconnect Technologies Across AI Data Centers and Advanced Semiconductor Architectures

SAN FRANCISCO, June 14, 2026 /PRNewswire/ — The global MicroLED interconnect market is entering a period of accelerated growth as artificial intelligence (AI), high-performance computing (HPC), and next-generation data center architectures drive demand for faster, more energy-efficient communication technologies. According to a new study by Grand View Research, the global MicroLED interconnect market was valued at USD 181.6 million in 2025, and is projected to grow from USD 225.0 million in 2026 to reach USD 722.0 million by 2033, expanding at a CAGR of 18.1% from 2026 to 2033. The market is witnessing significant momentum as organizations seek scalable alternatives to traditional copper-based interconnect technologies.

Key Highlights

• Global market size reached USD 181.6 million in 2025.
• Market expected to grow to USD 722.0 million by 2033.
• CAGR projected at 18.1% from 2026 to 2033.
• North America accounted for the largest market share of 31.3% in 2025.
• Chip-to-chip applications represented 54.1% of market revenue in 2025.
• Asia Pacific is anticipated to be the fastest-growing regional market.
• Growing deployment of AI clusters and GPU-intensive workloads continues to fuel demand.

AI Workloads Create New Opportunities for Optical Interconnect Technologies

The rapid growth of generative AI, machine learning, and large-scale computing environments is transforming requirements for data transmission inside modern computing systems. Traditional electrical interconnects increasingly face limitations related to power consumption, latency, and signal integrity, particularly as data volumes continue to expand.

MicroLED interconnect technology has emerged as a promising solution capable of supporting ultra-high-density data transfer while maintaining energy efficiency. By utilizing optical communication approaches, MicroLED interconnects enable faster and more reliable communication between processors, GPUs, memory systems, and networking components.

As enterprises scale AI infrastructure and cloud providers invest heavily in advanced computing resources, demand for high-bandwidth, low-latency connectivity is expected to rise substantially throughout the forecast period.

Chip-to-Chip Segment Leads Market Adoption

Among product categories, the chip-to-chip segment accounted for the largest revenue share of 54.1% in 2025. The segment’s leadership reflects growing adoption of chiplet architectures and increasing demand for short-distance, high-speed communication within advanced semiconductor packages.

Chip-to-chip implementations provide several advantages, including lower power consumption, reduced signal loss, and simplified integration compared to longer-distance communication solutions. As semiconductor manufacturers continue developing advanced packaging technologies, chip-to-chip optical interconnects are expected to remain a major growth driver for the industry.

Industry participants are increasingly focusing on enabling dense connectivity between processors and memory resources to support next-generation computing architectures.

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AI Data Centers Accelerate Demand for High-Speed Connectivity

The ongoing expansion of AI-focused data centers is creating favorable conditions for MicroLED interconnect adoption. Large AI clusters require efficient communication between GPUs, accelerators, and memory resources to process complex workloads effectively.

MicroLED interconnect solutions offer significant advantages in these environments by enabling high-bandwidth communication while reducing energy consumption. Their modular design also supports scalability across multi-rack deployments, helping organizations optimize performance without substantially increasing operational costs.

Emerging optical and photonic interconnect approaches are gaining attention because they address key limitations associated with traditional electrical connections. These technologies improve bandwidth density, minimize signal degradation, and support the increasing computational requirements of AI applications.

North America Maintains Market Leadership

North America held the largest revenue share of 31.3% in 2025, supported by strong investments in semiconductor innovation, AI infrastructure, and advanced packaging technologies.

The region benefits from a concentration of leading technology companies, research institutions, and semiconductor manufacturers actively pursuing next-generation interconnect solutions. Public and private investments in advanced computing systems have further strengthened the region’s position in the market.

Meanwhile, Asia Pacific is expected to register the fastest growth rate during the forecast period. Countries including China, Japan, South Korea, Taiwan, and India continue investing in semiconductor manufacturing, optical technologies, and research initiatives that support commercialization of advanced interconnect solutions.

Innovation Continues to Shape Competitive Landscape

Technology developers are accelerating efforts to commercialize scalable MicroLED interconnect platforms capable of supporting AI clusters, high-performance computing systems, and future data center architectures.

Recent industry developments have highlighted growing interest in replacing conventional electrical links with optical alternatives that provide superior energy efficiency and higher data transmission capacity. Market participants are also investing in modular architectures designed to support increasingly complex computing environments.

Advancements in optical chiplets, co-packaged optics, and photonic integration are expected to create additional opportunities for market expansion over the next several years.

Browse more Research Reports in Semiconductors & Electronics Industry by Grand View Research

Growing Focus on Sustainability and Energy Efficiency

As organizations seek to reduce power consumption across computing infrastructure, energy-efficient communication technologies are becoming a strategic priority. MicroLED interconnects are gaining recognition for their ability to support high-speed data transfer while lowering energy requirements compared to conventional solutions.

This trend aligns with broader sustainability initiatives across the technology sector, where reducing data center power usage has become an important objective. As a result, optical interconnect technologies are expected to play an increasingly important role in future computing architectures.

Future Outlook

The MicroLED interconnect market is poised for substantial growth as AI adoption accelerates and demand for advanced computing infrastructure continues to expand. The convergence of semiconductor innovation, optical communication technologies, and AI-driven workloads is creating a strong foundation for long-term market development.

With projected revenue reaching USD 722.0 million by 2033, the industry is expected to become a critical component of next-generation computing ecosystems, enabling faster, more efficient, and highly scalable data communication across advanced digital infrastructure.

To learn more about growth opportunities in the MicroLED Interconnect Market, access the full report from Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Explore Grand View Consumer Insights Platform – The GVR Consumer Insights Platform combines data from our Global Voice of Consumer Survey — capturing real, evolving consumer sentiment and behavior. Get transparent, periodic insights across lifestyles, media habits, brand perceptions, and purchase triggers to fuel data-backed strategies.

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
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SOURCE Grand View Research, Inc.

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STARTRADER Hosts KTH Alumni Evening in Dubai, Connecting AI, Technology, and Innovation Leaders

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The gathering brought together more than 30 professionals across AI, energy, finance, mobility, sustainability, cybersecurity, design, and sports business for a high-level exchange on practical innovation.

DUBAI, UAE, June 15, 2026 /PRNewswire/ — STARTRADER hosted the KTH Alumni Evening in Dubai, bringing together 74 alumni of KTH Royal Institute of Technology, technology professionals, AI innovators, entrepreneurs, and industry leaders for a curated evening focused on cross-sector dialogue, intelligent innovation, and real-world collaboration.

Founded in 1827, KTH Royal Institute of Technology is Sweden’s largest technical university and one of Europe’s most influential centres of innovation, ranked #74 globally and #37 in Engineering and Technology by QS World University Rankings 2025. It has spent nearly two centuries producing graduates who shape industries at the highest level.

Designed as more than a networking event, the gathering brought together technical expertise, business strategy, and future-focused thinking. With participants across AI, renewable energy, smart grids, cybersecurity, fintech, mobility, sustainability, blockchain, architectural lighting, and sports business, the evening showed how innovation grows when ideas move across industries.

The programme featured Peter Karsten, CEO of STARTRADER, 30 years of C-level experience across AI, machine learning, and tech infrastructure, who framed the evening around turning ambitious technology into measurable business value. David Watts, Head of Middle East Strategy and Development at the NBA, added a sharp sports-business perspective on how global partnerships and community-led growth create lasting market relevance.

The evening also reflected a natural alignment between KTH’s engineering legacy and STARTRADER’s approach to financial technology. As a company at the intersection of markets, platforms, and client experience, STARTRADER sees gatherings like this as a direct pipeline from emerging technology to practical value, for its clients, partners, people, and the wider ecosystem it serves.

The exchange was further enriched by founders, executives, researchers, and innovation leaders including Nuha Salem, Bahgat Ahmed, Farhan Mahmood, Vinay Nagendra, Vigneshwaran Ramesh, and Karthik Iyer. Their work across emerging technology, production AI, power systems, Industry 4.0, mobility strategy, blockchain, and deep tech helped turn the evening into a practical conversation on what is already being built across the region.

“KTH has spent nearly two centuries producing people who build things that matter. Bringing that community together in Dubai, alongside leaders from energy, finance, mobility, and beyond, reflects exactly the kind of cross-sector thinking that drives real progress. These are the conversations that move ideas forward.”

— Peter Karsten, Chief Executive Officer, STARTRADER

Those words carry particular weight in the context of financial services. The global AI trading platform market is projected to reach USD 33.45 billion by 2030, with agent and algorithmic trading already commanding nearly 40% of that market. For brokers operating at the frontier of this shift, conversations like the ones held that evening are strategic.

STARTRADER’s role here extends beyond hosting. The relationships and perspectives that emerge from evenings like this inform how the company develops its platforms, supports its partners, and positions itself within the markets it serves.

About STARTRADER

STARTRADER is a global multi-asset broker empowering retail and institutional partners to access global markets through a range of platforms, including MetaTrader, STAR-APP, and STAR-COPY.

Regulated in five jurisdictions (CMA, ASIC, FSCA, FSA, and FSC), STARTRADER combines strong governance with a client-first approach, serving both retail clients and partners with a commitment to transparency, reliability, and long-term growth.

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