{"id":539434,"date":"2021-09-17T07:03:32","date_gmt":"2021-09-17T11:03:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/"},"modified":"2021-09-17T07:03:32","modified_gmt":"2021-09-17T11:03:32","slug":"canaan-to-join-the-ftse-russell-indexes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/","title":{"rendered":"Canaan to Join the FTSE Russell Indexes"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">Sept. 17, 2021<\/span> \/PRNewswire\/ &#8212; Canaan Inc. (NASDAQ: CAN) (&#8220;Canaan&#8221; or the &#8220;Company&#8221;), a leading high-performance computing solutions provider, today announced that it will be added to the FTSE Global Equity Index Series (&#8220;GEIS&#8221;) China Regional Index (the &#8220;Index&#8221;), effective after the close of business on <span class=\"xn-chron\">Friday, September 17, 2021<\/span>.<\/p>\n<p>Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, &#8220;With our strong earnings performance and growth momentum, we are also pleased to gain greater recognition in the capital market. The inclusion in the Index benefits our Company and shareholders by further elevating our visibility within the global investment community and potentially diversifying the Company&#8217;s overall investor base.&#8221;<\/p>\n<p>FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide, calculating thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell indexes are used extensively by institutional and retail investors globally. <\/p>\n<p>\n        <b>About\u00a0Canaan Inc.<\/b>\n      <\/p>\n<p>Established in 2013, Canaan (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production and software services. The company&#8217;s vision is &#8220;super computing is what we do, social enrichment is why we do&#8221;. Canaan has a rich experience in chip design and streamlined production in the ASIC field. In 2013, it released and mass produced its first ASIC Bitcoin mining machine. In 2018, Canaan released the world&#8217;s first 7nm ASIC chip, providing energy efficient computing equipment to the cryptocurrency mining industry. In the same year, Canaan released the world&#8217;s first RISC-V architecture commercial edge AI chip, further harnessing the potential of ASIC technology in the field of high-performance computing and artificial intelligence.<\/p>\n<p>\n        <b>Safe Harbor Statement<\/b>\n      <\/p>\n<p>This announcement contains forward\u2212looking statements. These statements are made under the &#8220;safe harbor&#8221; provisions of the\u00a0U.S.\u00a0Private Securities Litigation Reform Act of 1995. These forward\u2212looking statements can be identified by terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates&#8221; and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as\u00a0Canaan Inc.&#8217;s\u00a0strategic and operational plans, contain forward\u2212looking statements.\u00a0Canaan Inc.\u00a0may also make written or oral forward\u2212looking statements in its periodic reports to the\u00a0U.S. Securities and Exchange Commission\u00a0(&#8220;SEC&#8221;) on Forms 20\u2212F and 6\u2212K, 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\u00a0Canaan Inc.&#8217;s\u00a0beliefs and expectations, are forward\u2212looking statements. Forward\u2212looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward\u2212looking statement, including but not limited to the following: the Company&#8217;s goals and strategies; the Company&#8217;s future business development, financial condition and results of operations; the expected growth of the Bitcoin industry and the price of Bitcoin; the Company&#8217;s expectations regarding demand for and market acceptance of its products, especially its Bitcoin mining equipment; the Company&#8217;s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company&#8217;s investment plans and strategies; fluctuations in the Company&#8217;s quarterly operating results; competition in its industry in\u00a0China; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company&#8217;s filings with the\u00a0SEC, including its registration statement on Form F\u22121, as amended, and its annual reports on Form 20\u2212F. All information provided in this press release and in the attachments is as of the date of this press release, and\u00a0Canaan Inc.\u00a0does not undertake any obligation to update any forward\u2212looking statement, except as required under applicable law.<\/p>\n<p>\n        <b>Investor Relations Contact<\/b>\n      <\/p>\n<p>Canaan Inc.<br \/>Mr. Shaoke Li<br \/>Email:\u00a0<a target=\"_blank\" href=\"mailto:IR@canaan-creative.com\" rel=\"nofollow noopener\">IR@canaan-creative.com<\/a><\/p>\n<p>ICR, LLC<br \/><span class=\"xn-person\">Robin Yang<\/span><br \/>Tel: +1 (347) 396-3281<br \/>Email:\u00a0<a target=\"_blank\" href=\"mailto:canaan.ir@icrinc.com\" rel=\"nofollow noopener\">canaan.ir@icrinc.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN10735&amp;sd=2021-09-17\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/canaan-to-join-the-ftse-russell-indexes-301379477.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/canaan-to-join-the-ftse-russell-indexes-301379477.html<\/a><\/p>\n<p>SOURCE  Canaan Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN10735&amp;Transmission_Id=202109170700PR_NEWS_USPR_____CN10735&amp;DateId=20210917\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BEIJING, Sept. 17, 2021 \/PRNewswire\/ &#8212; Canaan Inc. (NASDAQ: CAN) (&#8220;Canaan&#8221; or the &#8220;Company&#8221;), a leading high-performance computing solutions provider, today announced that it will be added to the FTSE Global Equity Index Series (&#8220;GEIS&#8221;) China Regional Index (the &#8220;Index&#8221;), effective after the close of business on Friday, September 17, 2021. Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, &#8220;With our strong earnings performance and growth momentum, we are also pleased to gain greater recognition in the capital market. The inclusion in the Index benefits our Company and shareholders by further elevating our visibility within the global investment community and potentially diversifying the Company&#8217;s overall investor base.&#8221; FTSE Russell is a global index leader that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Canaan to Join the FTSE Russell Indexes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-539434","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canaan to Join the FTSE Russell Indexes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canaan to Join the FTSE Russell Indexes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BEIJING, Sept. 17, 2021 \/PRNewswire\/ &#8212; Canaan Inc. (NASDAQ: CAN) (&#8220;Canaan&#8221; or the &#8220;Company&#8221;), a leading high-performance computing solutions provider, today announced that it will be added to the FTSE Global Equity Index Series (&#8220;GEIS&#8221;) China Regional Index (the &#8220;Index&#8221;), effective after the close of business on Friday, September 17, 2021. Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, &#8220;With our strong earnings performance and growth momentum, we are also pleased to gain greater recognition in the capital market. The inclusion in the Index benefits our Company and shareholders by further elevating our visibility within the global investment community and potentially diversifying the Company&#8217;s overall investor base.&#8221; FTSE Russell is a global index leader that &hellip; Continue reading &quot;Canaan to Join the FTSE Russell Indexes&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-17T11:03:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN10735&amp;sd=2021-09-17\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canaan-to-join-the-ftse-russell-indexes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canaan-to-join-the-ftse-russell-indexes\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Canaan to Join the FTSE Russell Indexes\",\"datePublished\":\"2021-09-17T11:03:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canaan-to-join-the-ftse-russell-indexes\\\/\"},\"wordCount\":672,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canaan-to-join-the-ftse-russell-indexes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN10735&amp;sd=2021-09-17\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canaan-to-join-the-ftse-russell-indexes\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canaan-to-join-the-ftse-russell-indexes\\\/\",\"name\":\"Canaan to Join the FTSE Russell Indexes - 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(NASDAQ: CAN) (&#8220;Canaan&#8221; or the &#8220;Company&#8221;), a leading high-performance computing solutions provider, today announced that it will be added to the FTSE Global Equity Index Series (&#8220;GEIS&#8221;) China Regional Index (the &#8220;Index&#8221;), effective after the close of business on Friday, September 17, 2021. Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, &#8220;With our strong earnings performance and growth momentum, we are also pleased to gain greater recognition in the capital market. The inclusion in the Index benefits our Company and shareholders by further elevating our visibility within the global investment community and potentially diversifying the Company&#8217;s overall investor base.&#8221; FTSE Russell is a global index leader that &hellip; Continue reading \"Canaan to Join the FTSE Russell Indexes\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-17T11:03:32+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN10735&amp;sd=2021-09-17","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Canaan to Join the FTSE Russell Indexes","datePublished":"2021-09-17T11:03:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/"},"wordCount":672,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN10735&amp;sd=2021-09-17","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/canaan-to-join-the-ftse-russell-indexes\/","name":"Canaan to Join the FTSE Russell Indexes - 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