Provides 2000 A15 Hydro Bitcoin mining machines in initial order Continues global expansion with addition of new customer SINGAPORE , Dec. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN ) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with AGM Group Holdings Inc. ("AGMH"), an integrated technology company specializing in fintech software services and production of high-performance hardware and computing equipment, for its Avalon A15 HydU 370T ("A15 Hydro") mining machines. As part of the agreement, Canaan will initially provide 2,000 Bitcoin mining machines to AGMH. The Company has also agreed to provide its customer with an option to acquire approximately 30,000 additional BTC mining units, potentially providing AGMH with a combined power capacity not exceeding 300 megawatts. The Avalon Miner A15 Hydro enhances the miner's performance and lifespan while reducing energy consumption and noise pollution, aligning with Canaan's ESG (Environmental, Social, and Governance) strategy. 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 announcement 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, 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; 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 Contacts Canaan Inc. Xi Zhang Email: [email protected] ICR, LLC. Robin Yang Tel: +1 (347) 396-3281 Email: [email protected] SOURCE Canaan Inc.
GM to stop funding troubled Cruise autonomous vehicle unit, abandoning robotaxis
DENVER, Colorado--(BUSINESS WIRE)--Dec 10, 2024-- Liberty Global Ltd. (“Liberty Global” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK) today announced plans to release its full-year 2024 results on Tuesday, February 18, 2025. You are invited to join in its Investor Call, which will begin the following day at 09:00 a.m. (Eastern Time) on Wednesday, February 19, 2025. During the call, management will discuss the Company’s results and may provide other forward-looking information. A listen-only webcast, along with a summary investor presentation, can be found on the Liberty Global website at https://www.libertyglobal.com/investors/investor-news/year/all/brand/presentations-events/ . The webcast will be archived in the Investor Relations section of the Company’s website for at least 75 days. ABOUT LIBERTY GLOBAL Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is a world leader in converged broadband, video and mobile communications services. Liberty Telecom delivers next-generation products through advanced fiber and 5G networks, and currently provides over 80 million* connections across Europe. Our businesses operate under some of the best-known consumer brands, including Telenet in Belgium, Virgin Media in Ireland, UPC in Slovakia, Virgin Media-O2 in the U.K. and VodafoneZiggo in The Netherlands. Through our substantial scale and commitment to innovation, we are building Tomorrow’s Connections Today, investing in the infrastructure and platforms that empower our customers to make the most of the digital revolution, while deploying the advanced technologies that nations and economies need to thrive. Liberty Global's consolidated businesses generate annual revenue of more than $4 billion, while the VMO2 JV and the VodafoneZiggo JV generate combined annual revenue of more than $18 billion.** Liberty Growth, our global investment arm, has a portfolio of more than 75 companies and funds across the content, technology and infrastructure industries, including stakes in companies like ITV, Televisa Univision, Plume, AtlasEdge and the Formula E racing series. * Represents aggregate consolidated and 50% owned non-consolidated fixed and mobile subscribers. Includes wholesale mobile connections of the VMO2 JV and B2B fixed subscribers of the VodafoneZiggo JV. ** Revenue figures above are provided based on full year 2023 Liberty Global consolidated results and the combined as reported full year 2023 results for the VodafoneZiggo JV and full year 2023 U.S. GAAP results for the VMO2 JV. Telenet, the VMO2 JV and the VodafoneZiggo JV deliver mobile services as mobile network operators. Virgin Media Ireland delivers mobile services as a mobile virtual network operator through third-party networks. UPC Slovakia delivers mobile services as a reseller of SIM cards. Liberty Global Ltd. is listed on the Nasdaq Global Select Market under the symbols "LBTYA", "LBTYB" and "LBTYK". For more information, please visit www.libertyglobal.com. View source version on businesswire.com : https://www.businesswire.com/news/home/20241210188606/en/ CONTACT: Investor Relations Michael Bishop +44 20 8483 6246 Bethany Cannon +44 7714 657 776Corporate Communications Bill Myers +1 303 220 6686 Matt Beake +44 20 8483 6428 KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY TELECOMMUNICATIONS MOBILE/WIRELESS 5G NETWORKS INTERNET CARRIERS AND SERVICES SOURCE: Liberty Global Ltd. Copyright Business Wire 2024. PUB: 12/10/2024 04:01 PM/DISC: 12/10/2024 04:00 PM http://www.businesswire.com/news/home/20241210188606/en
COLUMBUS, Ohio -- Will Howard’s motivation heading into the most important game on Ohio State’s schedule is completely void of personal gain. He’s about to be the fourth quarterback of the Ryan Day era to play in The Game, but only one so far can say it has a win over Michigan. Joining Justin Fields on that list means something to too many people for him to fail next week, and he knows that. Because he’s been hearing about it ever since he got to Columbus. “This one’s for those guys who came back,” Howard said. “This one’s for Buckeye Nation. I feel it, man. I can just feel it. There’s been that hurt the last three years. This rivalry game was the first thing that I heard when I came here on my visit. Beat the team up north. It’s the first goal we have every single year.” Latest Ohio State Buckeyes news What Will Howard’s jabs at Curt Cignetti tell us about Ohio State football heading into Michigan week Ohio State’s seniors reveling in one last chance to beat Michigan: ‘This is what we came back for’ Buckeyes and Ohio State fans celebrate big win over Indiana with ‘Carmen Ohio’ (video) What Ohio State football coach Ryan Day said after win vs. Indiana So much of the way the Buckeyes’ roster has been constructed this season is a direct result of a veteran group of players, who could’ve gone pro but came back because they still lack a win over Michigan. For the past three years, the Wolverines have been responsible for what the Buckeyes failed to win — a Big Ten title — and twice kept them out of the College Football Playoff. They punctuated the third of those wins with a national title last season. Much of why that happened no longer exists in Ann Arbor. Sherrone Moore has taken over as head coach, essentially starting from scratch, which has led to a team that came into Week 12 still needing a win to even be bowl eligible. The future might again be bright after landing five-star quarterback Bryce Underwood , but the present has been a season-long nightmare. OSU can be the final nail in the coffin for what is essentially a lost season. In the process, it can finally release some emotions that’ve been building up for three seasons. That’s where Howard comes in, as the vessel charged with helping the program do so. “I want this for them so bad because they’ve been here,” Howard said. “I’ve seen it from a distance and I feel it and I’m a part of it now. I want this for me, too, but I want this for those guys. I want it for Coach Day to shut up the haters. Be able to go out there and say this is the Ohio State Buckeyes.” On paper, next week looks to be a blowout in the making. The 11-1 Buckeyes are expected to stamp their ticket to Indianapolis and continue their journey toward a potential national championship. Depending on how things go against Northwestern, the Wolverines will either be fighting for bowl eligibility or trying to avoid their first under .500 season in a non-pandemic year since 2014. But the great thing about college sports is that records don’t matter in rivalry games, and that gets to play itself out in the 2024 version of The Game. “It doesn’t matter what their record is,” Howard said. “I couldn’t care less.” Howard has a chance to make his mark in an Ohio State-Michigan game that’s arguably the most important of the Ryan Day era. He gets to be the guy that stops the bleeding and flip things back in the favor of the Buckeyes while sending a group of players out on a high note. “This rivalry game means everything,” Howard said. “I’m just honored to be able to be a part of it and I won’t take it lightly. This is the biggest game of our season and I’m looking forward to it.”In a lengthy speech at the Brookings Institution, a Washington, D.C. think tank, on Tuesday, President Joe Biden forcefully defended his economic legacy and harshly criticized his successor. “Most economists agree the new administration is going to inherit a fairly strong economy, at least at the moment, an economy going through fundamental transformation,” Biden said. “It is my profound hope that the new administration will preserve and build on this progress. Like most great economic developments, this one is neither red nor blue, and America's progress is everyone's progress.” RELATED STORY | What impacts will a Trump presidency have on the economy? The president pointed specifically to record job growth during his tenure and an historically-low unemployment rate, as well as solid GDP performance, major investments in infrastructure and a soaring stock market. Most economists agree Biden’s term in office has coincided with a strong jobs market, and note the economic forecast remains bright – especially when contrasted to that of other peer nations, many of which have struggled to rebound from the COVID-19 pandemic. And yet, Americans by and large disapprove of Biden’s economic tenure, particularly the high costs of goods and services. Though inflation has fallen some, it remains higher than when the president took office and has become a frequent point of attack for Republicans critical of the Biden administration. RELATED STORY | Wealthier Americans are driving retail spending and powering US economy President-elect Donald Trump’s victory last month served in some was as a repudiation of the president’s so-called “Bidenomics” policies, with most voters telling pollsters they were dissatisfied with the state of the U.S. economy and Biden’s handling of the issue. Since Trump’s election, attitudes towards the economy have improved slightly, particularly among Republicans; according to research from Gallup, just eight percent of Republicans in October viewed economic conditions as getting better, compared to 30% last month. Biden himself seemed to acknowledge some missteps in selling his economic vision to Americans. “I also learned something from Donald Trump,” Biden said. “He signed checks for people for $7,400 bucks,” the president noted of the pandemic-era relief measures. Even though Biden approved similar relief efforts during his term, his name never appeared on American’s checks. “I didn't – stupid,” Biden conceded. RELATED STORY | Powell says Fed will likely cut rates cautiously given persistent inflation pressures Seeking to bolster Biden’s economic legacy, the White House on Tuesday launched a new website hailing the “Biden Economy,” featuring statistics about economic performance during his term and complimentary videos from his supporters. Biden’s speach, meanwhile, also served as a warning of sorts to his successor, with the president arguing against tax cuts for the wealthy and the notion that such benefits would “trickle down” to middle class Americans. “You can make as much money as you can, good for you, but everybody's got to be they pay their fair share,” Biden said. Trump has pledged to extend the tax cuts he signed into law in 2017, telling NBC News he intends to submit a tax package to Congress within his first 100 days in office. “They’re coming due and they’re very substantial for people,” Trump said of his 2017 cuts. “That’s what led us to one of the greatest economies ever.” RELATED STORY | Amid corporate layoffs, 36% of workforce turns to gig economy for alternative employment A report by the nonpartisan Congressional Budget Office in December found that failing to extend those tax incentives would have a negligible impact on the economy, though Republicans are expected to pursue them and other business tax breaks after they retake both chambers of Congress next year. Trump has also promised to impose significant tariffs on the import of foreign goods from Mexico, Canada and China – despite economists’ and retailers’ warnings that will drive up consumer prices. Trump in the NBC interview said he couldn’t guarantee the move wouldn’t increase consumer costs, something Biden harshly refuted. “I believe we've proven that approach is a mistake over the past four years,” Biden said. “But we all know in time, we all know in time what will happen.”