DirecTV extends its agreement as title sponsor of the Holiday BowlNoneProvides 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.
NoneAP News Summary at 6:44 p.m. EST
Deion Sanders Makes Huge Travis Hunter Prediction Before Colorado Bowl GameCostco Wholesale Corporation Reports First Quarter Fiscal Year 2025 Operating ResultsFormula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. “We’re excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. “Together, we’re assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world.” Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. “The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team,” Michael Andretti posted on social media. “I’m very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!” The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti’s dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they’ve already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti’s application was the only one of seven applicants to meet all required criteria to expand F1’s current grid. “General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. “Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024,” F1 said in a statement. “Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. “With Formula 1’s continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1."
Gettman kicks go-ahead FG as Villanova ends Delaware's FCS-era with a 38-28 win in finaleArticle content It’s easy to get whiplash as a Habs fan. A friend of mine called this Canadiens season a roller-coaster, and it sure is. Prior to the start of the season, the mood was remarkably upbeat, a new feeling following three straight terrible seasons. Kent Hughes had acquired Patrik Laine to fans’ delight and then management at the season-kickoff golf tournament promised that the team would be “in the mix” this year . That was meant to mean the Canadiens would be playing meaningful games late in the season, hovering somewhere in the vicinity of the final wild-card berth. Samuel Montembeault looked like Patrick Roy in the season opener, shutting out the Toronto Maple Leafs , and suddenly it was like “Hey maybe we can talk playoffs.” Less than two weeks later, the wheels went flying off the bus with an embarrassing 7-2 loss to the New York Rangers . That was followed by two wins for the good guys, which steadied people’s nerves, but then the good ship Canadiens smashed right into the dock with a six-game losing streak that began with an 8-2 shellacking courtesy of the Seattle Kraken . In the middle of that meltdown, the word “train wreck” came up in my discussions with fans at the pub. In fact, I might’ve written a column with the headline: “This Canadiens season is a train wreck, not a rebuild.” Also with the spit hitting the fan, there was for the first time some public criticism of coach Martin St. Louis, most notably from Jean-Charles Lajoie on TVA Sports and Le Journal de Montréal and maybe even from this very columnist. Then MSL’s lads actually won a game, beating another terrible team, the Buffalo Sabres, 7-5 in a match that was less hockey game and more gong show. All you need to know is that each team pulled their starting goalie. That was followed by another loss, 3-0 to the Minnesota Wild , but most were OK with that because the Wild are a very good team and suddenly the Canadiens’ defence actually looked like they knew what they were doing. Add to that a 5-1 win over the lowly Blue Jackets and a statement 3-0 win versus the Edmonton Oilers and by this Monday around 10 p.m., fans were once again booking their deck chairs for the spring parade down Ste-Catherine St. That’s life in the Habs Nation. Nicolas Martin Maranda nailed it on my Facebook page this week: “Habs lose Fans: FIRE EVERYBODY! Habs win Fans: ÇA SENT LA COUPE!” My old friend Ted Harman was even more eloquent in the same Facebook convo: “They win a game in September and we’re making plans for a parade. They go through a bad patch and La fin du monde est à 7 heures. Slaf can’t even legally order a beer when the Habs are south of the border. Everyone needs to relax. They’re working on building a team with what we hope will be an elite skill set, that will win tons of games. In the interim reach for your fave anti-anxiety meds.” Habs fans are a neurotic and that’s why we love them. Fact is that was a mighty impressive game Monday . The defence played their best game of the year, shutting down Connor McDavid, Leon Draisaitl and the rest of the team that made it to within a goal of winning the Stanley Cup last season. Josh Anderson had a very good game, totally engaged, using his strength and size. Oh and Monty was absolutely lights out, underlining that as big a problem as any other this season for the Habs has been Montembeault’s wildly uneven play. Montreal Canadiens’ Sam Montembeault makes a save on an Edmonton Oilers shot during the second period of a National Hockey League game in Montreal Monday Nov. 18, 2024. Oliers Ty Emberson and Canadiens Josh Anderson watch. Photo by John Mahoney / Montreal Gazette So have the Canadiens turned the corner? Is the rebuild back on track? Or was the beautiful game Monday simply the exception that proves the rule? “I think they’re on the right track,” said Christian Rivard, who was at Maison Publique McLean’s on Wednesday. “They’re still a young team. To say they’ve really turned the corner, at this point it’s hard to tell. But we’re starting to impose our style of play.” Luc Desrosiers also says it’s too soon to say if we’ve turned the corner. “No one knows, maybe not,” said Desrosiers. “It remains to be seen. Give me a few more games and I’ll tell you. So they’ve had two or three good games. But is it just a blip and we’re going to go back to where we were? They have a lot of talent so they can continue to be on the rise. But will they stick together? But we have to be fuelled by hope so I’m 100-per-cent hopeful. If not this year then next year. Good stuff is coming.” The next guy I approached at the pub said he was a fan but said he couldn’t comment for the article. I correctly guessed that he worked for the Canadiens organization. I asked what department he was in. He said, wait 20 minutes and you’ll understand. It turns out I only had to wait five. In walked Habs assistant coach Stéphane Robidas who came to say hi to the fellow I was chatting with. Then came Trevor Letowski, another of the assistant coaches, who looks up close even more like Mike Matheson than he does on TV. The first guy I’d met was Roger Grillo , who was hired as a coaching consultant by the Canadiens in September. He coached St. Louis when he was playing for the University of Vermont in the ’90s. They all sat down at the bar and ordered drinks. Then St. Louis himself showed up and sat down on the stool right next to me. So I figured I might as well ask him this week’s What the Puck question: Did he think the Canadiens have turned the corner? When I told the story to a pal today, he joked that St. Louis must’ve answered by saying “I don’t believe in corners.” In fact, the most philosophical of NHL coaches basically said that he wouldn’t say they’d turned the corner but rather that he sees this as a transitional season and that he likes the direction they’re headed. I told him I thought Monday was the game of the year and again he wasn’t ready to fully agree. He said he liked a lot of what he saw Monday. With that, I left them to enjoy their dinner in peace. bkelly@postmedia.com x.com/brendanshowbiz
AP News Summary at 1:11 p.m. EST
The Buried Secrets of America’s Indian Boarding Schools
Townsquare Capital LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF ( NASDAQ:JEPQ – Free Report ) by 6.1% in the third quarter, HoldingsChannel reports. The fund owned 4,037 shares of the company’s stock after buying an additional 232 shares during the quarter. Townsquare Capital LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $222,000 as of its most recent SEC filing. Other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth about $225,000. Raymond James & Associates boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 35.4% during the 2nd quarter. Raymond James & Associates now owns 1,162,101 shares of the company’s stock worth $64,497,000 after acquiring an additional 303,680 shares during the period. Western Wealth Management LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 15.2% during the 2nd quarter. Western Wealth Management LLC now owns 14,386 shares of the company’s stock worth $798,000 after acquiring an additional 1,893 shares during the period. Creative Planning boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 14.4% during the 3rd quarter. Creative Planning now owns 23,608 shares of the company’s stock worth $1,297,000 after acquiring an additional 2,966 shares during the period. Finally, Granite Bay Wealth Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth about $2,144,000. JPMorgan Nasdaq Equity Premium Income ETF Price Performance Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $57.62 on Friday. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $47.67 and a 52-week high of $57.65. The stock has a 50-day simple moving average of $55.68 and a 200-day simple moving average of $54.58. JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend JPMorgan Nasdaq Equity Premium Income ETF Profile ( Free Report ) The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach. Featured Stories Want to see what other hedge funds are holding JEPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Nasdaq Equity Premium Income ETF ( NASDAQ:JEPQ – Free Report ). Receive News & Ratings for JPMorgan Nasdaq Equity Premium Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Nasdaq Equity Premium Income ETF and related companies with MarketBeat.com's FREE daily email newsletter .
Lady Pirates battle hard