- Canaan is one of the leading blockchain technology companies in the world
- Focus on AI development, Blockchain Technology and Datacenter operations
- Series of additional strategic cooperations to be announced soon
FRANKFURT, Germany & BEIJING-Friday 21 February 2020 [ AETOS Wire ]
(BUSINESS WIRE)-- Northern
Data AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the largest blockchain
solutions and datacenter providers in the world and Canaan Inc,
(Nasdaq: CAN, US ISIN: US1347481020) one of the leading blockchain
technology companies in the world are happy to announce the beginning of
close cooperation in the areas of Artificial Intelligence (AI)
development, Blockchain Technology and Datacenter operations.
Combining
Canaan's excellence in the fields of AI Chip development and ASIC
hardware with Northern Data's proven track record at delivering A class
Datacenter and Blockchain infrastructure at scale will provide both
companies with a solid bedrock to build and expand in this tremendously
exciting technology space and catapult both companies together to new
heights.
With
Northern Data's North American and European teams and facilities
working in concert with Canaan's advanced R&D teams in Asia, this
first step towards a strategic partnership should unlock many additional
synergistic projects throughout the blockchain and technology sectors.
"We
are able to unlock massive potential in some of the fastest-growing
industries with this strategic cooperation," says Aroosh Thillainathan,
CEO of Northern Data AG. "Canaan is a technical leader in AI and
Blockchain Technology and showed an impressive growth over the past few
years. We are very excited about our partnership and see a huge upside
for both companies."
"Northern
Data has rich experience in building high-performance computing
infrastructure," says NG Zhang CEO of Canaan, "and our research and
development (R&D) team is collaborating with Northern Data. Both
sides have achieved positive results. In addition, Northern Data will
provide computational resources support for our overseas R&D in the
US. Canaan looks forward to further cooperation in product development,
AI, and high-performance computing with Northern Data in the future."
For
Northern Data AG, the strategic cooperation with Canaan, Inc. is one of
the first of a series of many partnerships with the world's leading
players in AI and Blockchain-Technology that are about to be signed over
the upcoming months.
About Canaan, Inc:
Canaan
is a leading supercomputing solution provider through its proprietary
high-performance computing ASICs. It is dedicated to the availability of
supercomputing to everyone, the widespread application of blockchain
and AI, and the improvement of social efficiency and people's life. In
2018, Canaan made two major technological breakthroughs, namely
mass-producing the first BTC 7nm chip, and being one of the first to
deliver commercial edge computing AI chips on RISC-V architecture, now
used in access control, smart door locks. Canaan produced in aggregate
over 150 million ASICs in 2017, 2018 and the nine months ended September
30, 2019. At the same time, Canaan was the second largest manufacturer
of Bitcoin mining machines in the world. On 21st November 2019, Canaan
was listed on NASDAQ, making it the first listed company in the Chinese
blockchain industry, and the first Chinese AI chips company with
independent intellectual property to successfully IPO in the U.S.
About Northern Data:
Northern
Data AG is building a global infrastructure for the field of
High-Performance Computing (HPC), which goes far beyond Bitcoin and
blockchain applications. The globally operating technology Company
evolves from the merger of German Northern Bitcoin AG and American
Whinstone US, Inc. and specializes in the infrastructure for blockchain
applications, such as Bitcoin mining. For this purpose, the Company
offers solutions both stationary in large data centers and in mobile
containers, which can be located at any location worldwide. In doing so,
it combines self-developed software and hardware with intelligent
concepts for sustainable energy supply. In Texas, Whinstone is currently
building the largest data center in the USA and, at the same time, the
world's largest Bitcoin mining facility. The HPC data center
infrastructure built by Northern Data Group is designed to be used not
only for blockchain applications but also for numerous other industries,
such as game streaming, artificial intelligence, and autonomous
driving.
Disclaimer:
This press release represents neither an offer to sell nor a request to
submit an offer to purchase Northern Data AG securities; nor does it
constitute a securities prospectus for Northern Data AG. The information
contained in this press release is not intended to serve as a basis for
financial, legal, tax-related or other business decisions. Investment
or other decisions should not be taken solely on the basis of this press
release. As in all business and investment matters, please seek
qualified professional advice. This press release and the information it
contains are not intended for direct or indirect communication to or
within the United States of America, Canada, Australia or Japan.
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Language:
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English
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Company:
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Northern Bitcoin AG
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Thurn-und-Taxis-Platz 6
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60313 Frankfurt/Main
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Germany
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Phone:
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+49 69 34 87 52 25
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E-mail:
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Internet:
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ISIN:
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DE000A0SMU87
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WKN:
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A0SMU8
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Listed:
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Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate
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Exchange
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200218006230/en/
Contacts
Press Contact:
Northern Data AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
E-Mail: h.duerr@northerndata.de
Telefon: +49 69 348 752 89
Canaan Inc
Steven Mosher
Mail: steve@canaan.io
Telefon: + 86 18516900014
Investor Relations:
Sven Pauly
E-Mail: ir@northerndata.de
Telefon: +49 89 125 09 03 31
Shaoke Li
Mail: IR@canaan-creative.com
Telefon: +86 13750900683
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