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Canaan Inc. Provides March 2025 Bitcoin Production and Mining Operation Updates

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SINGAPORE, April 10, 2025 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending March 31, 2025.

Management Commentary

“We continued to execute on our North American expansion plan, and our results demonstrate the successful relationships that we’ve built with our existing partners as well as our ability to find and negotiate favorable partnerships that are helping us to achieve our mining operations’ goals,” said Nangeng Zhang, chairman and chief executive officer of Canaan. “In March, we mined 90 bitcoins, representing an increase of 9.8% compared to February, and we expanded our mining operations in North America, adding 0.32 exahash per second (EH/s) of installed computing power. Additionally, through our recently announced agreements with Mawson and another partner for two projects in Pennsylvania and Texas, we will add another 4.7 EH/s of mining computing power in North America when these projects are fully energized.

Zhang continued, “Meanwhile, we continued to make advancements in our product innovation activities, bringing superior mining efficiency and user experience to our customers. We completed the tape-out process for our next-generation A16 mining machine and, as with previous generations, we will release the new product and provide sample units to our customers only after we finish full system testing so that we can provide the market with real-world data.

“We believe that we have made significant progress on our 2025 goals as we continue to scale our operations and optimize performance across our mining fleet.  With market conditions evolving rapidly, we remain focused on staying nimble—balancing efficiency, innovation, and strategic growth. Our commitment to deploying advanced hardware and securing meaningful partnerships makes us well-positioned to navigate the remainder of the year and to drive long-term shareholder value.”

March 2025 Bitcoin Mining Updates (unaudited)

Key Metrics

Results (Rounded Numbers)

Bitcoins Mined During the Month

90 Bitcoins

Month-End Bitcoins Owned by Canaan Inc. on Balance Sheet1

1,408 Bitcoins

Month-End Deployed Hashrate (EH/s)

6.60 EH/s

Month-End Operating Hashrate (EH/s)

5.97 EH/s

Month-End Average Revenue Split2

58.6 %

Average All-in Power Cost During the Month3

US$0.043/kWh

Notes:

1.       Defined as the total number of bitcoins owned by the Company on its Balance Sheet including any bitcoins receivable, excluding bitcoins that the Company has received as customer deposits.

2.       Defined as the weighted average percentage that Canaan would share from the total revenues generated according to the applicable joint mining arrangements if 100% of the mining machines consisting of Installed Computing Power (as defined below) were energized.

3.       Defined as the weighted average cost of power if 100% of the mining machines consisting of Installed Computing Power were energized.

 

Current Mining Projects (As of March 31, 2025) :

Regions
in alphabetical order
(A to Z)

Active Mining
Projects
Count

Energized
Computing
Power4

Installed
Computing
Power5

Expected
Computing
Power6

Estimated
Total
Computing
Power7

Global

7

5.97 EH/s

6.60 EH/s

1.51 EH/s

8.11 EH/s

America

2

1.21 EH/s

1.51 EH/s

1.51 EH/s

3.02 EH/s

Canada

1

0.02 EH/s

0.02 EH/s

0 EH/s

0.02 EH/s

Ethiopia

2

4.12 EH/s

4.22 EH/s

0 EH/s

4.22 EH/s

Kazakhstan

1

0.60 EH/s

0.81 EH/s

0 EH/s

0.81 EH/s

Middle East

1

0.03 EH/s

0.04 EH/s

0 EH/s

0.04 EH/s

Notes:

4.       Defined as the amount of computing power that could theoretically be generated if all mining machines that have been energized are currently in operation including mining machines that may be temporarily offline.

5.       Defined as the sum of Energized Computing Power and computing power that has been installed but not yet energized, if any.

6.       Defined as the amount of computing power that has been delivered to the country where each mining project is located in but not yet installed.

7.       Defined as the sum of Installed Computing Power and Expected Computing Power.

 

Summary of Recent Operational Updates: 

Expansion and Updates of Self-Mining Operations:

Entered into a three-year master colocation agreement with Mawson Hosting LLC, an affiliate of Mawson Infrastructure Group Inc., for its facility in Midland, Pennsylvania, and a 24-month equipment hosting agreement with another partner for its facility in Edna, Texas, expected to add approximately 4.7EH/s of North American hashrate to Canaan’s self-mining computing power when these projects are fully energized.

Product Innovation:

Completed the taped-out process for its Avalon A16 series, Canaan’s next generation Bitcoin mining machine.  As with previous generations, Canaan will release real-world data and provide sample units to its customers when it completes its full system testing.

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 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; 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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Triskell Software unveils new AI capabilities in its 2026 SP2 Release

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MADRID, Oct. 30, 2026 /PRNewswire/ — Triskell Software, a leading provider of Project Portfolio Management (PPM) and Strategic Portfolio Management (SPM) solutions, announces an expansion of its artificial intelligence capabilities with the release of Triskell 2026 SP2.

Building on previous innovations, Triskell Software integrates enhanced AI capabilities into everyday workflows, enabling organizations to analyze portfolio information, automate routine operations, optimize resource allocation, and interact with project data using natural language.

The update also introduces the Triskell MCP Server, enabling organizations to connect compatible external AI assistants to their Triskell environment.

AI-Powered Project and Portfolio Management
Through the Triskell AI Assistant, users can analyze project data, generate summaries and charts, identify resource constraints, and support portfolio decision-making using natural-language instructions.

The assistant also simplifies everyday operations, including creating project objects, updating timesheets, generating SQL queries, configuring business rules, and translating or summarizing content.

“One of our main objectives with AI is to make portfolio management more intuitive and accessible. We want users to spend less time navigating data and performing repetitive tasks, and more time making decisions that create business value,” explains Angel Garcia, CEO of Triskell Software.

Triskell MCP Server: Connecting PPM with external AI Assistants
One of the most significant innovations is the Triskell MCP Server, built on the Model Context Protocol (MCP), an open standard connecting AI applications with external systems.

It enables compatible AI assistants to retrieve project information, analyze portfolio data, and execute supported actions directly through conversational interfaces, without constantly switching applications.

For example, users can ask an external AI assistant to retrieve project information, review attributes, create project objects, or record timesheet entries.

“The introduction of the Triskell MCP Server is an important step in our AI strategy. By extending Triskell beyond its traditional interface, we are making portfolio information more accessible through the AI tools and workflows organizations increasingly use,” adds Angel Garcia.

AI tailored to business needs
This new release also introduces an AI Knowledge Base, enabling organizations to upload corporate documentation and obtain contextualized responses using Retrieval-Augmented Generation (RAG) technology.

Additionally, Custom AI Skills allow administrators to configure specific AI instructions for different business contexts, adapting how the assistant interprets project and portfolio information.

To strengthen data governance, the new Data Security module allows administrators to exclude sensitive attributes from information shared with external AI providers.

Organizations can also choose between Triskell’s built-in OpenAI provider and other supported providers, including Anthropic, Google Gemini, and Mistral.

These enhancements reinforce Triskell Software’s commitment to making portfolio management more intelligent, connected, and efficient while helping organizations improve decision-making and align strategic objectives with execution.

About Triskell Software
Triskell is an enterprise solution focusing on Strategy Execution Management with advanced Project Portfolio Management features, helping to fill the gap between planning and proper execution. Triskell allows companies to plan, prioritize, manage and monitor their organization’s initiatives from one centralized platform.

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Pudu Robotics Opens European Headquarters in Germany to Support Continued Growth Across the Region

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NEUSS, Germany, Oct. 30, 2026 /PRNewswire/ — Pudu Robotics, a global leader in commercial robotics, today announced the opening of its European headquarters in Neuss, Germany, strengthening its local operating capabilities as its business continues to expand across the region.

The new headquarters brings together sales, product demonstrations, training, warehousing and after-sales services, reinforcing Pudu Robotics’ investment in the local infrastructure and customer support needed to scale robotic deployments across European markets.

Strong Growth and Scaled Deployments Across Europe

Pudu Robotics’ business spans more than 20 countries across Europe, reflecting its expanding presence throughout the region. Over the past two years, markets including Germany, Austria, Switzerland, France, the Netherlands, Norway, the United Kingdom, Spain, Italy, the Czech Republic and Poland have each recorded annual business growth of more than 60%.

The company serves customers across 16 industries, including retail, food and beverage, hospitality, healthcare, transportation, education, and more. Its European customers include leading retailers and hospitality groups such as EDEKA, Albert Heijn, Carrefour, Marriott, Van der Valk, Pizza Hut, Intermarché and Denner, as well as major transportation hubs such as Paris Charles de Gaulle Airport.

A notable example is Denner, a leading Swiss supermarket chain, which has deployed more than 200 PUDU CC1 Series cleaning robots across its store network. The deployment illustrates how autonomous cleaning can scale in demanding retail environments, where reliability, store-specific workflows and consistent service support are essential.

Supporting deployments of this scale requires more than supplying robotic equipment. Pudu works with customers to adapt deployment plans to store layouts and operating patterns, while providing technical assistance and ongoing operational support. This combination helps customers integrate robotic cleaning into daily operations and expand its use across their businesses.

Building Local Capabilities to Support Customers

Pudu Robotics’ European growth is supported by an operating model built around local teams, regional partners and service infrastructure. The company continues to invest in local capabilities to strengthen collaboration with customers and partners and provide support throughout the deployment lifecycle.

Across Europe, Pudu has nearly 50 sales professionals supporting channel partners and customer projects, alongside nearly 40 technical support personnel serving different markets and deployments. Its local infrastructure includes a service center in Germany and warehousing facilities in the Netherlands and Germany for whole-robot inventory and spare parts, helping support delivery coordination and service responsiveness.

The company also works closely with local distributors, system integrators and service providers to support market development, deployment and ongoing maintenance. Within its European subsidiaries, Pudu has established local organizational structures and operational objectives, with continued investment in sales and service teams, warehousing and local service networks.

By combining local market knowledge and service capabilities with its global technical resources, Pudu aims to help customers deploy robotic solutions more effectively across diverse operating environments. Multilingual support in English, German, French, Spanish, Italian and other languages further facilitates collaboration across the region.

A Regional Hub for the Next Phase of Growth

Located in Neuss, Germany, the new European headquarters brings together office operations, a product showroom, warehousing, training, sales, after-sales service and repair capabilities, all of which are now operational. The facility supports product demonstrations, customer engagement, distributor training and local service delivery, while providing a hub for coordinating regional business activities.

The headquarters complements Pudu Robotics’ existing European offices, partner network and warehousing infrastructure in the Netherlands and Germany. Together, these resources strengthen coordination across sales, deployment and after-sales support, providing a foundation for continued growth across the region.

Looking ahead, Pudu Robotics will continue to develop its local operating capabilities, deepen collaboration with regional partners and expand the application of its robotic solutions across industries, supporting customers as robotics becomes increasingly integrated into everyday operations.

“Europe is an important growth market for Pudu Robotics. As adoption expands, customers need more than reliable robotic solutions—they need local teams and service capabilities that can support deployment and ongoing operations over the long term. Our European headquarters in Neuss strengthens our ability to work closely with partners and customers across the region and support the next phase of our growth,” said Bella Sun, Vice President and General Manager for Europe at Pudu Robotics.

About Pudu Robotics

Pudu Robotics is a global commercial robotics leader dedicated to empowering easier work and better lives through AI and robotics, with a vision of building a global intelligent robotics infrastructure serving 10 billion people worldwide.

Pudu has pioneered a “One Brain, Multiple Embodiments” architecture spanning specialized, semi-humanoid, and humanoid robots. Pudu develops robotic solutions across commercial and home robotics, with a portfolio spanning service delivery, commercial cleaning, industrial delivery, general embodied AI, commercial grounds care, and consumer lawn care.

With over 130,000 robots shipped and a presence in more than 85 countries and regions, Pudu serves customers across diverse industries, including retail, hospitality, manufacturing, healthcare, real estate and property services, education, entertainment and sport, and public services.

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As AI Gets Smarter, Healthcare Education Must Get More Human

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WHITTIER, Calif., Oct. 30, 2026 /PRNewswire/ — As artificial intelligence becomes increasingly integrated into healthcare, the next generation of healthcare professionals will need more than technological proficiency. They will need stronger critical thinking, clinical judgment, and interpersonal skills to ensure that advances in technology translate into better care for patients, according to Tamara Rozhon, EdD, Provost of Southern California University of Health Sciences (SCU).

AI is already helping healthcare professionals analyze medical images, support clinical decisions, and advance research. The U.S. Food and Drug Administration maintains a list of AI-enabled medical devices authorized for marketing, while the World Health Organization identifies applications across clinical care, drug development, and health systems management.

As access to information expands, Rozhon says that educators must place greater emphasis on how students evaluate and apply it. Future healthcare professionals need to assess the evidence, recognize potential bias and error, consider ethical concerns, and determine whether an AI-generated finding makes sense for an individual patient.

“The best healthcare requires not just understanding patient data, but understanding patients: their individual circumstances, preferences, goals, aspirations, and all the factors that may be supporting or hindering their health and well-being,” Rozhon says.

For educators, this means designing learning experiences and assessments that require students to question and defend an answer and make sound decisions in the context of a real person. Clinical experiences must also strengthen listening, empathy, communication, judgment, and connection. These abilities become increasingly important as technology takes on more of the work of generating and synthesizing information.

“Perhaps the greatest challenge for health sciences education, then, is not keeping pace with artificial intelligence. It is developing the human intelligence required to use it well,” says Rozhon.

Read Rozhon’s full perspective: “As AI Gets Smarter, Healthcare Education Must Get More Human.”

About Southern California University of Health Sciences

Southern California University of Health Sciences (SCU) is one of the world’s only Integrative, Whole Health universities—teaching students to blend the best of conventional medicine with proven complementary approaches, and to treat the whole person (body, mind, and spirit). Founded in 1911, SCU has been challenging convention and pushing healthcare forward for more than 100 years. Today, the institution offers graduate, undergraduate, and certificate programs in a wide range of disciplines, including Chiropractic, Sports Medicine, Physical & Occupational Therapy, Genetic Counseling, Genetics & Genomics, Medical Science, Physician Assistant, Ayurveda, Acupuncture & Chinese Herbal Medicine, Clinical Psychology, Whole Health Leadership, and beyond. Learn more at scuhs.edu.

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SOURCE Southern California University of Health Sciences

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