Canaan Inc. Announces Adoption of Cryptocurrency Holding Policy and Strategic Long Position in Bitcoin

Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in crypto mining, announced that it has adopted a Cryptocurrency Holding Policy (the “Policy”).  The Policy establishes a clear and disciplined framework for the acquisition, custody, and disposition of cryptocurrencies, ensuring that such holdings are managed in a manner that supports the Company’s liquidity needs, risk tolerance, and long-term strategic objectives.

Under the Policy, bitcoin is designated as the Company’s primary long-term reserve asset. Unless required for liquidity management or risk mitigation, bitcoin accumulated through ordinary business activities—including self-mining and the sale of mining equipment—will generally be retained on a long-term basis. Canaan believes that a disciplined, long-term BTC reserve position fortifies its balance sheet, aligns the Company with the broader digital asset economy, and provides strategic optionality for future growth.

From time to time, Canaan may acquire other cryptocurrencies such as Ethereum or U.S. Genius Act–compliant stablecoins in the ordinary course of business. These non-core holdings will generally be converted into fiat currency, but they may also be held on a short- to medium-term basis when such positions directly support operational requirements, hedging strategies, or other approved corporate objectives.

Nangeng Zhang, chairman and chief executive officer of Canaan, commented: “The Policy is designed to anchor Canaan’s capital allocation approach firmly within its core competency—the global bitcoin ecosystem—while providing measured flexibility to address operational requirements that may arise from the Company’s self-mining operations, bitcoin mining machine sales, and related crypto-infrastructure initiatives. We believe in the strategic importance of maintaining bitcoin reserves, which reached 1,484 bitcoins as of June 30, 2025.”