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, /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 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. Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on 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 field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating technology in '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 . 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 industry and the price of ; the Company's expectations regarding demand for and market acceptance of its products, especially its 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 . 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. Canaan Inc. Email: ICR, LLC. Tel: +1 (347) 396-3281 Email: View original content: SOURCE Canaan Inc.Could This Company Transform Your Investment Strategy?Do heat pumps work in winter? Here’s what you need to know about the low-carbon technology
Treace Medical Concepts, Inc. ( NASDAQ:TMCI – Get Free Report ) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have covered the stock in the last year is $7.40. TMCI has been the topic of several recent research reports. UBS Group upped their price objective on Treace Medical Concepts from $6.50 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Truist Financial decreased their price target on shares of Treace Medical Concepts from $7.50 to $6.00 and set a “hold” rating on the stock in a research note on Monday, October 14th. Finally, Stifel Nicolaus lifted their price objective on shares of Treace Medical Concepts from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. View Our Latest Report on TMCI Treace Medical Concepts Price Performance Treace Medical Concepts ( NASDAQ:TMCI – Get Free Report ) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.02. Treace Medical Concepts had a negative net margin of 30.33% and a negative return on equity of 51.12%. The company had revenue of $45.09 million for the quarter, compared to the consensus estimate of $43.48 million. During the same period in the previous year, the firm posted ($0.28) EPS. Treace Medical Concepts’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, analysts forecast that Treace Medical Concepts will post -0.92 EPS for the current fiscal year. Insider Activity at Treace Medical Concepts In related news, CEO John T. Treace bought 50,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of $5.31 per share, for a total transaction of $265,500.00. Following the purchase, the chief executive officer now directly owns 6,523,095 shares of the company’s stock, valued at approximately $34,637,634.45. The trade was a 0.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . 24.43% of the stock is owned by company insiders. Institutional Trading of Treace Medical Concepts Large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Treace Medical Concepts by 3,441.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,639 shares of the company’s stock valued at $31,000 after purchasing an additional 4,508 shares in the last quarter. Quarry LP purchased a new position in shares of Treace Medical Concepts during the third quarter valued at $38,000. HighTower Advisors LLC bought a new stake in shares of Treace Medical Concepts in the third quarter valued at about $58,000. Nisa Investment Advisors LLC lifted its stake in Treace Medical Concepts by 34,240.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,272 shares of the company’s stock worth $62,000 after acquiring an additional 9,245 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in Treace Medical Concepts by 243.4% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,613 shares of the company’s stock worth $62,000 after acquiring an additional 7,522 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock. Treace Medical Concepts Company Profile ( Get Free Report Treace Medical Concepts, Inc, a medical technology company, designs, manufactures, and markets medical devices in the United States. The company offers Lapiplasty 3D bunion correction system that combines instruments, implants, and surgical methods designed to surgically correct three planes of the bunion deformity. Featured Stories Receive News & Ratings for Treace Medical Concepts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Treace Medical Concepts and related companies with MarketBeat.com's FREE daily email newsletter .Indiana tries to snap 3-game losing skid to Nebraska
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Watetown's Schmidt, Lakeside's Wolfram earn all-state soccer recognitionIndiana tries to snap 3-game losing skid to NebraskaCHICAGO (WLS) -- The bitterly cold temperatures across Chicago are not stopping people from enjoying the city. The Fighting Illini beat the Wildcats 38-28 Saturday at Wrigley Field while many fans and holiday-season revelers dealt with the weather. "It's very fun out here, but cold," Kevin Klocker said. Thousand of people packed Wrigley Field for some Big Ten football as plenty of other stuff was going on across the city. People were braving the cold. "It was really cold. I can't feel my feet, but Illinois is winning, so it's worth it," a fan named Maggie said. SEE ALSO | Chicago Nativity Scene on display in Daley Plaza ahead of Christmas With wind chills in the single-digits, people are trying to find any way to stay warm. "Hand warmers literally everywhere," Kelset Magad said. "Two jackets... I have like three pants on. We're doing amazing." Despite the cold, the city was still jam packed with action from Wrigleyville to the lakefront. People said their plans Saturday night may have to move indoors, though. READ MORE | What to know about Small Business Saturday discounts, promotions in Lincoln Square, Ravenswood "I think we're gonna go to Christmas bars and see where the night takes us," Maggie said. Warning centers are also prepared across the city, available to all residents in need of shelter. RELATED | Chicago weather: City opens warming centers as bitterly cold temperatures move in The first wave of freezing temperatures is always hardest for Chicagoans, but some say they're ready for it. "I think I'm just gonna power through it and do the best I can," a woman named Kelsey said.
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