Canaan Celebrates Ten Successful Years of Bitcoin Mining Breakthroughs at Avalon Bitcoin & Crypto Day

Canaan, the world's second-largest designer and manufacturer of Bitcoin mining hardware, proudly marks its 10th Anniversary with a conference hosted at the prestigious Ritz-Carlton, Millenia Singapore.

This event, known as the Avalon Bitcoin & Crypto Day (ABCD), coincides with Asia Crypto Week's flagship TOKEN2049 event.

ABCD celebrates Canaan's remarkable decade-long journey in the dynamic Bitcoin industry, spotlighting the company's substantial contributions to the Bitcoin ecosystem's growth.

It also underscores Canaan's remarkable organisational resilience, evident in its ability to navigate industry turbulence while remaining firmly committed to innovation.

The conference shines a spotlight on the evolving Bitcoin mining landscape, a field in which Canaan played a pivotal role with the introduction of the world's first ASIC miner.

The event will bring together more than 400 industry experts, entrepreneurs, and stakeholders.

Kicking off the conference, Canaan's Chairman and CEO, Nangeng Zhang, will deliver an opening keynote, recounting the company's pioneering journey and outlining its ambitious roadmap.

Throughout the conference, panel discussions will delve into critical themes such as the 'Bitcoin Halving Outlook,' analysing its impact on Bitcoin's supply and market prices, along with future expectations.

Another focal point will be 'Sustainability in Bitcoin Mining,' shedding light on Canaan's and the industry's innovative approaches to waste heat utilisation and sustainable practices.

Canaan is poised to unveil a series of strategic initiatives that will shape the future of Bitcoin mining, emphasising innovative methods and sustainability.

Nangeng Zhang, Chairman and CEO, Canaan, said:

"The Bitcoin mining ecosystem is a space of relentless evolution. What we've seen over the past decade isn't just growth, but a paradigm shift towards efficiency and sustainability. As we move forward, technological innovation and energy-efficient solutions will be more critical than ever. Canaan is committed to steering this evolving narrative, driving the industry towards a more sustainable and efficient future."

Since its inception in 2013, Canaan has remained at the forefront of the Bitcoin mining sector, pioneering the world's first ASIC-powered Bitcoin miner.

This ground-breaking innovation established new benchmarks for energy efficiency and sustainability, significantly influencing the industry's trajectory.

In collaboration with leading mining firms, Canaan continues to propel technological advancements and forge strategic alliances.

For more information and continued updates on Canaan’s 10th Year Anniversary Conference, please visit: https://www.canaan.io/act/index.html

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About Canaan (NASDAQ: CAN)

Canaan is a leading provider of supercomputing solutions, distinguished for superior cost-efficiencies and performance. In addressing the limitations of today’s computing hardware, Canaan strives to advance the world we live in by powering transformative technologies.

Canaan is renowned for having invented the world’s first ASIC-powered bitcoin mining machine in 2013, radically catalysing the growth of a computationally advanced bitcoin mining sector. Today, Canaan continues to be the second largest designer and manufacturer of bitcoin mining machines globally.

Developed through academic research, rigorous expertise in semiconductor design, and backed by a robust network of strategic partners, Canaan continues to expand its suite of advanced hardware offerings, exploring opportunities across some of the world’s most exciting emerging technologies.

For more information, visit: canaan.io.