TechFlow news, Canaan's Chairman and CEO Nangeng Zhang, along with CFO James Jin Cheng, plan to jointly purchase at least $2 million worth of the company's Class A ordinary shares using personal funds, expressing their confidence in the company's undervaluation.
Nangeng Zhang stated that the company is accelerating the manufacturing of its A14 series mining machines, while also developing the A15 and A16 product lines. He expects the Bitcoin ecosystem to present more opportunities following the upcoming Bitcoin halving event.
Canaan, established in 2013, is a technology company focused on the design and production of ASIC high-performance computing chips.
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