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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: IR@canaan-creative.com ICR, LLC. Robin Yang Tel: +1 (347) 396-3281 Email: canaan.ir@icrinc.com View original content: https://www.prnewswire.com/news-releases/canaan-inc-signs-agreement-with-agm-group-holdings-inc-302330362.html SOURCE Canaan Inc.
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Tulisa Contostavlos ' ex best friend has admitted he hasn't spoken to the singer in over a year. The N-Dubz star sparked concern with fans following her exit from I'm A Celebrity... Get Me Out of Here. Her time on the show marked her return to the spotlight following her time as an X Factor judge in 2013. Tulisa, who was the third celeb to leave the ITV show this week, has already left Australia following her eviction. She opened up about feeling "overwhelmed" and tackling mental health challenges after her stint in the jungle. Upon her exit, Tulisa was met by her best friend Michelle McKenna on the bridge after leaving camp. Reports have claimed Tulisa had argued with Michelle over the content of her social media posts, which her friend had access to while she was in the jungle. But the singer clapped back, insisting there's no drama with her pal Michelle or Daniel Johnson, who flew down under to cheer her on. Now, her former friend and personal assistant Gareth Varey has revealed the pair had a falling out. Speaking to the Daily Mail, Gareth said: "I don't know what's going on with her. I haven't seen or spoken to her for 14 months. We did the N-Dubz tour together and when that finished we went our separate ways." He added that although they were once thick as thieves, those days are long gone, reports the Mirror . Another source told the publication: "Tulisa and Gareth have been incredibly close for years, and he would normally be the one to greet her after a big event like the jungle, but they had a disagreement shortly before she went in. They were practically inseparable." The friends had previously lived together at Tulisa's £4million mansion , after meeting when Gareth was a backup dancer on N-Dubz's 2009 tour. In her 2012 autobiography, Honest, Tulisa wrote: "We are friends for life. There were times when we both sat crying in each other's arms, I've never had that with anyone before. And pretty soon it was obvious this was more than just a passing or a faddy friendship, we were two peas in a pod." "Gareth automatically slipped into a motherly role, worrying about me all the time and showing real concern if ever I was upset or sad. It's the reason I made him my PA, we adored one another, I was chuffed to bits when he took the job. From the night we met onwards, we have been virtually inseparable." OK! has approached Tulisa's representatives for comment. Following reports of a rift between Tulisa and her friend Michelle after her jungle exit, Tulisa posted on Instagram: "Absolutely no issue with my sis's posts... Haven't argued with my best mate in over 10 years. We literally don't have arguments, they don't exist in our world. Only love. Same with my bro. That's what makes us so strong and my soul fam so special to me. Say what u want about me, but leave my Shelly and Dan alone pls x." Speaking to the Mirror, a spokesperson for Tulisa revealed: "There has been absolutely no fall out between Tulisa and her best friend Michelle. They haven't argued once since Tulisa left the jungle. Michelle in fact travelled back to London with Tulisa. This story has been completely fabricated and wasn't even sent to Tulisa's team for a chance to comment prior to publication. The decision for Tulisa to return home to the UK was agreed to by the production for welfare reasons."
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How co-writing a book threatened the Carters' marriage
SEOUL, South Korea (AP) — South Korean law enforcement officials on Monday requested a court warrant to detain impeached President Yoon Suk Yeol as they investigate whether his short-lived martial law decree on Dec. 3 amounted to rebellion. The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and military authorities into the power grab that lasted only a few hours, confirmed it requested the warrant from the Seoul Western District Court. They plan to question Yoon on charges of abuse of authority and orchestrating a rebellion. Yoon has dodged several requests by the joint investigation team and public prosecutors to appear for questioning and has also blocked searches of his offices. It’s not clear whether the court will grant the warrant or whether Yoon can be compelled to appear for questioning. Under the country’s laws, locations potentially linked to military secrets cannot be seized or searched without the consent of the person in charge, and it’s unlikely that Yoon will voluntarily leave his residence if he faces detainment. Yoon’s presidential powers were suspended after the National Assembly voted to impeach him on Dec. 14 over his imposition of martial law that lasted only hours but has triggered weeks of political turmoil, halted high-level diplomacy and rattled financial markets. Yoon’s fate now lies with the Constitutional Court, which has begun deliberations on whether to uphold the impeachment and formally remove Yoon from office or reinstate him. Yoon has defended the martial law decree as a necessary act of governance, describing it as a warning against the liberal opposition Democratic Party, which has been bogging down his agenda with its majority in the parliament. Parliament voted last week to also impeach Prime Minister Han Duck-soo, who had assumed the role of acting president after Yoon’s powers were suspended, over his reluctance to fill three Constitutional Court vacancies ahead of the court’s review of Yoon’s case. The country’s new interim leader is Deputy Prime Minister Choi Sang-mok, who is also finance minister.
Hollywood star slams Welsh arts cuts as 'stabbing'The firing of the entire Alberta Investment Management Corporation (AIMCo) board by the Danielle Smith government appeared to come out of left field. AIMCo manages over $160 billion in public assets including several pension plans. Shaking up the leadership of a board entrusted with such a large public asset pool is not to be taken lightly. Eyebrows were raised further when former Prime Minister Stephen Harper was appointed the new chair of the AIMCo board. Premier Smith has a plan for AIMCo and it’s likely related to her intention to create a provincial pension plan. Alberta’s government has made no secret of its intention to form a provincial pension plan. This is an important facet of Smith’s UCP leadership campaign’s provincial empowerment plank. In choosing Stephen Harper to chair AIMCo, the Alberta government is signalling an intention to wade back into the provincial pension plan debate. It’s assumed that if Alberta forms its own pension plan, it will be managed by AIMCo. One of the challenges Smith has faced in garnering public support for an Alberta pension plan has been winning public trust in the concept. The benefits of the CPP may be relatively modest, but for many Albertans, it’s their prime form of income in retirement and they have little interest in gambling with it. Unless Albertans feel confident the funds in a provincial plan will be responsibly held and managed, they won’t support it. Stephen Harper is a man respected and trusted by Albertans. While Danielle Smith can be inclined to be impulsive and dive into issues, Harper is known for careful and strategic policy moves. Both mindsets have political merit, but when it comes to something as sensitive as the management of a pension plan, Harper’s controlled approach is preferred. His appointment to head up AIMCo will make many Albertans comfortable with the notion of a provincially managed pension plan. Harper’s task now will be to manage AIMCo efficiently. He must not appear politically motivated in his management, which will be difficult for a man who is inherently political. His task isn’t just to be a good guardian of the existing funds, but he must do it so well that Albertans will entrust him with their retirement plans. It’s an unspoken agenda for him, and a challenging one. While the federal government desperately wants to turn Canada into a hub for manufacturing batteries for electric vehicles, it doesn’t justify investing pension funds into such a high-risk venture. Pension funds must be invested with the intention of safe growth of the fund and nothing more. Trust in the fund becomes eroded with incidents such as the Northvolt investment. Alberta has had a long history of bad investments when the government tries to get into business. The province recently lost over a billion dollars when it backstopped the Keystone pipeline. Harper must prove himself to be a guardian of the dollars entrusted to his care who will resist the temptation to invest the funds with political motivations. Self-control has always been a hallmark of Harper’s leadership, and he will surely apply it in heading AIMCo. Smith made a smart appointment both politically and economically, and it will help her build support for an Alberta pension plan.
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ATLANTA — Jimmy Carter, the peanut farmer who tried to restore virtue to the White House after the Watergate scandal and Vietnam War, then rebounded from a landslide defeat to become a global advocate of human rights and democracy, has died. He was 100 years old . The Carter Center said the 39th president died Sunday afternoon, more than a year after entering hospice care , at his home in Plains, Georgia, where he and his wife, Rosalynn, who died in November 2023, lived most of their lives. The center said he died peacefully, surrounded by his family. As reaction poured in from around the world, President Joe Biden mourned Carter’s death, saying the world lost an “extraordinary leader, statesman and humanitarian” and he lost a dear friend. Biden cited Carter’s compassion and moral clarity, his work to eradicate disease, forge peace, advance civil and human rights, promote free and fair elections, house the homeless and advocacy for the disadvantaged as an example for others. “To all of the young people in this nation and for anyone in search of what it means to live a life of purpose and meaning – the good life – study Jimmy Carter, a man of principle, faith, and humility,” Biden said in a statement. “He showed that we are a great nation because we are a good people – decent and honorable, courageous and compassionate, humble and strong.” Biden said he is ordering a state funeral for Carter in Washington. A moderate Democrat, Carter ran for president in 1976 as a little-known Georgia governor with a broad grin, effusive Baptist faith and technocratic plans for efficient government. His promise to never deceive the American people resonated after Richard Nixon’s disgrace and U.S. defeat in southeast Asia. “If I ever lie to you, if I ever make a misleading statement, don’t vote for me. I would not deserve to be your president,” Carter said. Carter’s victory over Republican Gerald Ford, whose fortunes fell after pardoning Nixon, came amid Cold War pressures, turbulent oil markets and social upheaval over race, women’s rights and America’s role in the world. His achievements included brokering Mideast peace by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at Camp David for 13 days in 1978. But his coalition splintered under double-digit inflation and the 444-day hostage crisis in Iran. His negotiations ultimately brought all the hostages home alive, but in a final insult, Iran didn’t release them until the inauguration of Ronald Reagan, who had trounced him in the 1980 election. Humbled and back home in Georgia, Carter said his faith demanded that he keep doing whatever he could, for as long as he could, to try to make a difference. He and Rosalynn co-founded The Carter Center in 1982 and spent the next 40 years traveling the world as peacemakers, human rights advocates and champions of democracy and public health. Awarded the Nobel Peace Prize in 2002, Carter helped ease nuclear tensions in North and South Korea, avert a U.S. invasion of Haiti and negotiate cease-fires in Bosnia and Sudan. By 2022, the center had monitored at least 113 elections around the world. Carter was determined to eradicate guinea worm infections as one of many health initiatives. Swinging hammers into their 90s, the Carters built homes with Habitat for Humanity. The common observation that he was better as an ex-president rankled Carter. His allies were pleased that he lived long enough to see biographers and historians revisit his presidency and declare it more impactful than many understood at the time. Propelled in 1976 by voters in Iowa and then across the South, Carter ran a no-frills campaign. Americans were captivated by the earnest engineer, and while an election-year Playboy interview drew snickers when he said he “had looked on many women with lust. I’ve committed adultery in my heart many times,” voters tired of political cynicism found it endearing. The first family set an informal tone in the White House, carrying their own luggage, trying to silence the Marine Band’s traditional “Hail to the Chief" and enrolling daughter, Amy, in public schools. Carter was lampooned for wearing a cardigan and urging Americans to turn down their thermostats. But Carter set the stage for an economic revival and sharply reduced America's dependence on foreign oil by deregulating the energy industry along with airlines, trains and trucking. He established the departments of Energy and Education, appointed record numbers of women and nonwhites to federal posts, preserved millions of acres of Alaskan wilderness and pardoned most Vietnam draft evaders. Emphasizing human rights , he ended most support for military dictators and took on bribery by multinational corporations by signing the Foreign Corrupt Practices Act. He persuaded the Senate to ratify the Panama Canal treaties and normalized relations with China, an outgrowth of Nixon’s outreach to Beijing. But crippling turns in foreign affairs took their toll. When OPEC hiked crude prices, making drivers line up for gasoline as inflation spiked to 11%, Carter tried to encourage Americans to overcome “a crisis of confidence.” Many voters lost confidence in Carter instead after the infamous address that media dubbed his “malaise" speech, even though he never used that word. After Carter reluctantly agreed to admit the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979. Negotiations to quickly free the hostages broke down, and then eight Americans died when a top-secret military rescue attempt failed. Carter also had to reverse course on the SALT II nuclear arms treaty after the Soviets invaded Afghanistan in 1979. Though historians would later credit Carter's diplomatic efforts for hastening the end of the Cold war, Republicans labeled his soft power weak. Reagan’s “make America great again” appeals resonated, and he beat Carter in all but six states. Born Oct. 1, 1924, James Earl Carter Jr. married fellow Plains native Rosalynn Smith in 1946, the year he graduated from the Naval Academy. He brought his young family back to Plains after his father died, abandoning his Navy career, and they soon turned their ambitions to politics . Carter reached the state Senate in 1962. After rural white and Black voters elected him governor in 1970, he drew national attention by declaring that “the time for racial discrimination is over.” Carter published more than 30 books and remained influential as his center turned its democracy advocacy onto U.S. politics, monitoring an audit of Georgia’s 2020 presidential election results. After a 2015 cancer diagnosis, Carter said he felt “perfectly at ease with whatever comes.”SAN DIEGO (AP) — With his stellar America’s Cup career behind him, Jimmy Spithill introduced his new Red Bull Italy SailGP Team on Thursday in Dubai just ahead of the opening regatta of the global league’s fifth season. Spithill, the team’s CEO and founder, pulled a major coup by hiring his old America’s Cup crewmate and fellow Australian, wing trimmer Kyle Langford, from the Australian team that dominated SailGP for the first three seasons. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get the latest sports news delivered right to your inbox six days a week.Panaji : The Social Welfare Department’s website in Goa has been ‘out of service’ for the last five years, causing much inconvenience to the citizens seeking to get information on various schemes of the government and apply for the same. The website, which was created in 2013, was supposed to help people access important social welfare schemes, apply for financial aid, and stay updated about government programmes. However, since 2019, the website has not been working properly, leaving many without a vital tool they once relied on. Before the website stopped working, it allowed people to apply online for various types of assistance like financial support for the elderly, scholarships for students from poor families, and grants for people with disabilities. The website made it easier for people to apply for these benefits without having to wait in long lines or visit government offices. But for the past five years, citizens have been left without an easy way to access these services. According to sources, Terasoft Technology was in charge of maintaining the website until 2020, but after a year of free service, the contract was not renewed due to poor performance. Since then, the website has not been updated or maintained, causing it to break down completely. A citizen, whose family depends on social welfare programmes, said that “the website was an important tool for people needing help. Whether it was financial aid for the elderly, scholarships for students, or grants for people with disabilities, it was the easiest way to apply for these benefits. Now that it’s not working, it’s causing a lot of problems. The government needs to fix it as soon as possible.” One student who had been waiting for an update on their application said, “It’s about time the government fixed this problem. The internet makes it easier to reach people quickly, and the website could be used to share important information about new schemes, deadlines, and how to apply for help.” One resident said, “I know many elderly people and families who are stuck because they can’t apply for any help. There’s no way to stay informed or know what’s going on with government programmes. It’s causing a lot of confusion and stress. Without the website, people who rely on government help are struggling to know how to access the aid they need.”