Canaan Inc. Loss Submission Form

Company: Canaan Inc.

Ticker: (NASDAQ) CAN

Deadline

Passed

Lead Plaintiff Deadline: June 14, 2021

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Allegations

they concealed that due to ongoing supply chain disruptions and the introduction of the Company’s next-generation A12 series bitcoin mining machines – which had cannibalized sales of the older product offerings – Canaan’s 4Q20 sales had declined more than 93% year-over-year compared to its fourth quarter fiscal year 2019 (“4Q19”) sales and more than 93% quarter-over-quarter compared to its third quarter FY20 (“3Q20”) sales.