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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.
In conclusion, Nani's candid admission of his past discussions with Benfica and Porto and his ultimate decision to choose Sporting out of loyalty highlights the complex and personal nature of player transfer negotiations. His unwavering dedication to the club that helped him become the player he is today is a testament to his character and serves as a source of inspiration for fans and aspiring young players alike.
NVIDIA's commitment to pushing the boundaries of AI performance is evident in their strategic decision to incorporate silicon photonics I/O into their future AI accelerators. By leveraging the speed and efficiency of light-based communication, silicon photonics I/O offers a significant improvement in data transfer rates and latency compared to traditional electronic interconnects. This breakthrough technology will enable AI systems to process, analyze, and respond to vast amounts of data with unparalleled speed and precision, paving the way for more advanced AI applications in areas such as autonomous driving, healthcare, and robotics.Charles Schwab Investment Management Inc. Sells 14,221 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)As Wang Shiling prepares to take her driving test in London, the public eagerly anticipates the outcome and wishes her success in this important milestone. The young celebrity's journey towards independence and adulthood is closely followed by fans and admirers, who are eager to witness her growth and achievements. The supportive presence of Li Xiang by her daughter's side serves as a reminder of the importance of family and unity in the face of challenges and responsibilities.Canaan Inc. Signs Agreement with AGM Group Holdings Inc.
Dior Conners hits game-winning 3 with a second left as Appalachian State tops William & Mary, 79-76In addition, Zhang highlights the positive aspects of having a diverse workforce that includes individuals of different ages and backgrounds. He believes that intergenerational collaboration can lead to a more dynamic and innovative work environment, where ideas are exchanged freely and creativity thrives. By embracing individuals of all ages and valuing the unique perspectives they bring to the table, organizations can foster a culture of inclusivity and mutual respect.
One of the key moments that highlighted this shift in perception was during a recent international match where Mbappe was seen arguing with his teammates on the pitch. This display of frustration and lack of composure was a stark departure from the usually calm and collected image that Mbappe has projected. The incident raised questions about his leadership qualities and ability to handle pressure in high-stakes situations.
MONTEVIDEO, Uruguay (AP) — Balloting in Uruguay’s runoff election came to a close on Sunday, starting a countdown to the announcement of official results in a tight battle for the presidency between the conservative ruling coalition candidate and his left-wing challenger. Independent polling firms will start releasing so-called quick counts now that polls have closed, but the official results are not likely to be released for hours. Depending on how tight the vote turns out to be, electoral officials may not call the race for days, as happened in the contentious 2019 runoff that brought center-right President Luis Lacalle Pou to office and ended 15 years of rule by Uruguay’s center-left Broad Front coalition. Though polls show Uruguayans largely satisfied with the current government’s performance, complaints about sluggish growth, persistent violent crime and stagnant wages could add Uruguay to a long list of countries where frustrated voters have punished incumbents in elections around the world this year. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. MONTEVIDEO, Uruguay (AP) — Uruguayans went to the polls Sunday for a second round of voting to choose their next president , with the conservative governing party and the left-leaning coalition locked in a close runoff after failing to win an outright majority in last month's vote . The staid election has turned into a hard-fought race between Álvaro Delgado, the incumbent party's candidate, and Yamandú Orsi from the Broad Front, a coalition of leftist and center-left parties that governed for 15 years until the 2019 victory of center-right President Luis Lacalle Pou . The Broad Front oversaw the legalization of abortion, same-sex marriage and the sale of marijuana in the small South American nation of 3.4 million people. Orsi's Broad Front took 44% of the vote while Delgado's National Party won 27% in the first round of voting Oct. 27. But other conservative parties that make up the government coalition — in particular, the Colorado Party — notched 20% of the vote collectively, enough to give Delgado an edge over his challenger. Congress ended up evenly split in the October vote. Most polls have shown a virtual tie between Delgado and Orsi, with nearly 10% of Uruguayan voters undecided even at this late stage. Many said they believed turnout would be low if voting weren't compulsory in the country. “Neither candidate convinced me and I feel that there are many in my same situation," said Vanesa Gelezoglo, 31, in the capital, Montevideo, adding she would make up her mind at “the last minute.” Analysts say the candidates' lackluster campaigns and broad consensus on key issues have generated extraordinary indecision and apathy in an election dominated by discussions about social spending and concerns over income inequality but largely free of the anti-establishment rage that has vaulted populist outsiders to power elsewhere . “The question of whether Frente Amplio (the Broad Front) raises taxes is not an existential question, unlike what we saw in the U.S. with Trump and Kamala framing each other as threats to democracy," said Nicolás Saldías, a Latin America and Caribbean senior analyst for the London-based Economist Intelligence Unit. “That doesn't exist in Uruguay.” Both candidates are also appealing to voter angst over a surge in violent crime that has shaken a nation long regarded as one of the region’s safest, with Delgado promising tough-on-crime policies and Orsi advocating a more community-oriented approach. Delgado, 55, a rural veterinarian with a long career in the National Party, campaigned on a vow to continue the legacy of current President Lacalle Pou — in some ways making the election into a referendum on his leadership. He campaigned under the slogan “re-elect a good government." While a string of corruption scandals rattled Lacalle Pou's government last year, the president — who constitutionally cannot run for a second consecutive term — now enjoys high approval ratings and a strong economy expected to grow 3.2% this year, according to the International Monetary Fund. Inflation has also eased in recent months, boosting his coalition. Delgado served most recently as Secretary of the Presidency for Lacalle Pou and promises to pursue his predecessor's pro-business policies. He would continue pushing for a trade deal with China that has raised hackles in Mercosur, an alliance of South American countries promoting regional commerce. "We have to give the government coalition a chance to consolidate its proposals,” said Ramiro Pérez, a street vendor voting for Delgado on Sunday. Orsi, 57, a former history teacher and two-time mayor from a working-class background, is widely seen as the political heir to iconic former President José “Pepe” Mujica , an ex-Marxist guerilla who raised Uruguay's international profile as one of the region's most socially liberal and environmentally sustainable nations during his 2010-2015 term. “He's my candidate, not only for my sake but also for my children's,” Yeny Varone, a nurse, said of Orsi. “In the future they'll have better working conditions, health and salaries.” Mujica, now 89 and recovering from esophageal cancer , was among the first to cast his ballot after polls opened. “Uruguay is a small country, but it has earned recognition for being stable, for having a citizenry that respects institutional formalities,” he told reporters from his local polling station. “This is no small feat.” While promising to forge a “new left” in Uruguay, Orsi plans no dramatic changes. He proposes tax incentives to lure investment and social security reforms that would lower the retirement age but fall short of a radical overhaul sought by Uruguay's unions. The contentious plebiscite on whether to boost pension payouts failed to pass in October, with Uruguayans rejecting generous pensions in favor of fiscal constraint. Both candidates pledged full cooperation with each other if elected. “I want (Orsi) to know that my idea is to form a government of national unity,” Delgado told reporters after casting his vote in the capital's upscale Pocitos neighborhood. He said that if he won, he and Orsi would chat on Monday over some yerba mate, the traditional herbal drink beloved by Uruguayans. Orsi similarly pledged a smooth and respectful transition of power, describing Sunday's democratic exercise as “an incredible experience" as he voted in Canelones, the sprawling town of beaches and cattle ranches just north of Montevideo where he served as mayor for a decade. “The essence of politics is agreements,” he said. “You never end up completely satisfied.” Associated Press writer Isabel DeBre in Villa Tunari, Bolivia, contributed to this report.
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EDGEWATER, United States — A rash of unexplained drone sightings in the skies above New Jersey has left locals rattled and sent US officials scrambling for answers. Breathless local news reports have amplified the anxious sky-gazing and wild speculation — interspersing blurry, dark clips from social media with irate locals calling for action. For weeks now, the distinctive blinking lights and whirling rotors of large unmanned aerial vehicles have been spotted across the state west of New York. READ MORE: South Korea team showcases drone that serves as ‘flying shopping cart’ Russia launches 120 missiles, 90 drones at Ukraine’s infrastructure But military brass, elected representatives and investigators have been unable to explain the recurring UFO phenomenon. Sam Lugo, 23, who works in the Club Studio gym in New Jersey’s Bergen county, one of the corners of the state that has seen several drone sightings, called the reports “crazy.” “It’s pretty concerning they were sighted... without explanation. It can be alarming,” he said. Officials including the governor have called on people not to be alarmed but have not yet offered an explanation for the aerial activity. The clamor for transparency intensified on Thursday when the four senators for New Jersey and New York called on the FBI, Department of Transportation and Homeland Security to brief them on how the agencies were working to “identify and address the source of these incursions.” The White House said the sightings featured in a briefing received by President Joe Biden, while National Security Council spokesman John Kirby said there was “no evidence” of a threat — and that they may be manned aircraft. “There’s just no indication that this is some sort of foreign, malign activity — or, in fact, even criminal,” Kirby said. He also called on lawmakers to pass legislation to expand legislation clamping down on drone operations near airports and other high-risk sites. “I’ve seen them every night since Thanksgiving, they’re smaller than my Jeep,” wrote X user Gus Seretis. “They hover just about tree height or a little higher,” he added, describing them as like aircraft too small for a pilot and vowing to “shoot at one if it comes low enough.” New Jersey congressman Chris Smith wrote to the Pentagon on Tuesday demanding answers. “There have been numerous instances of unmanned aerial systems flying over New Jersey, including in close proximity to sensitive sites and critical infrastructure, to include military installations located in my district,” he wrote to Defense Secretary Lloyd Austin. ‘Get abducted’? Smith said he had been told that more than a dozen drones pursued a coastguard lifeboat over the weekend. The lawmaker then spent “hours” monitoring the night sky with the sheriff of Ocean County, the location of a number of sightings, according to his office. The Pentagon, the nerve center of the US military, insists the objects are not “US military drones.” “Our initial assessment is that this is not the work of a foreign adversary or a foreign entity,” said deputy Pentagon press secretary Sabrina Singh. Singh also rejected claims by Republican lawmaker Jeff Van Drew on Fox News that Washington’s foe Tehran was behind the spate of sightings. “There is no Iranian ship off the coast of the United States, and there’s no so-called mothership launching drones towards the United States,” she said. New Jersey native Joseph Boutros, 21, said he had seen the reports of drone activity on social media. “But I’ve not seen them myself,” he said. “It’s not something that worries me as long as they aren’t carrying weapons,” said the suited local as he collected takeout from a Bergen county strip mall as night fell. In the cloudy skies above, the only aerial vehicles with flashing lights were passenger jets on approach to New Jersey’s Newark airport. The FBI told AFP it was aware of the sightings “in multiple locations over the past several weeks” and said it was working with other agencies on the issue. But the agency would not confirm reports of a crisis meeting between various government departments over the mounting concern. Drones are permitted for both business applications and recreational use but are regulated by Federal Aviation Administration rules. Witnesses stress that the unexplained aerial objects are larger than those commonly used by drone enthusiasts. “I don’t want to get abducted or anything like that,” said Lugo with a smile.
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ISSAQUAH, Wash., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the first quarter of fiscal 2025 (twelve weeks), ended November 24, 2024. Net sales for the first quarter increased 7.5 percent, to $60.99 billion from $56.72 billion last year. Comparable sales for the first quarter fiscal 2025 were as follows: *Excluding the impacts from changes in gasoline prices and foreign exchange. Net income for the quarter was $1,798 million, $4.04 per diluted share, compared to $1,589 million, $3.58 per diluted share, last year. This year’s results included a tax benefit of $100 million, $0.22 per diluted share, related to stock-based compensation. Last year’s results included a tax benefit of $44 million, $0.10 per diluted share, also related to stock-based compensation. Costco currently operates 897 warehouses, including 617 in the United States and Puerto Rico, 109 in Canada, 41 in Mexico, 36 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia. A conference call to discuss these results is scheduled for 2:00 p.m. (PT) today, December 12, 2024, and is available via a webcast on investor.costco.com (click “Events & Presentations”). Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, inflation or deflation, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs and wages), workforce interruptions, energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to environmental and social matters, public-health related factors, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP. COST-EarnUpon discovering the situation, the staff of the bathhouse immediately evacuated the affected area and called for emergency medical assistance. Multiple ambulances arrived at the scene to transport the unconscious women to nearby hospitals for treatment. Thankfully, all the affected individuals were reported to be in stable condition after receiving medical attention.
UN declares Dec 21 as Meditation Day, Varanasi welcomes the announcementThe horrible murder of UnitedHealthcare’s CEO in New York City tore the scab off a torrent of public anger against the health insurance industry. Thousands of people across the country took to social media to share stories of critical care denial and massive medical debt. Western New York’s voice in Congress, Republican Rep. Claudia Tenney, wasted no time trying to get ahead of the winds of anger. Trying to present herself as some sort of anti-insurance champion, she declared on social media site X, “Everyone who voted for Obamacare, voted to empower government and to enrich insurance companies while eliminating the doctor-patient relationship.” Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Columnist Jim Shultz
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