Canaan Inc. Loss Form

Company: Canaan, Inc.

Ticker: (NASDAQ) CAN

Deadline

Passed

Lead Plaintiff Deadline: May 04, 2020

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Allegations

(1) the purported “strategic cooperation” was actually a transaction with a related party; (2) the company’s financial health was worse than what was actually reported; (3) the company had recently removed numerous distributors from its website just prior to the initial public offering, many of which were small or suspicious businesses; and (4) several of the Company’s largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers.