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Canaan Inc. Awarded Order from New Customer CleanSpark for Avalon A1566I Miners

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Contributing to CleanSpark’s Immersion Mining Operations

SINGAPORE, Nov. 1, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that Canaan U.S. Inc., a wholly owned subsidiary of the Company, has entered into a purchase agreement with a new customer, CleanSpark Inc., for its Avalon A1566I miners.

According to the purchase agreement, Canaan U.S. Inc. will provide CleanSpark with 3800 Avalon A1566I Immersion Cooling Miners. The miners, with average compute power of 249 Terahash per second (TH/s) without overclocking, are scheduled to be delivered in the fourth quarter of 2024. 

“We are thrilled that CleanSpark has chosen Canaan’s high-performance mining solutions to advance their state-of-the-art immersion facilities. CleanSpark operates one of the industry’s highest-performing and most power-efficient mining fleets, led by a skilled team committed to maximizing efficiency and pursuing strategic site acquisitions,” said Mr. Nangeng Zhang, Chairman and CEO of Canaan. “We look forward to seeing our immersion-cooled miners integrated into CleanSpark’s impressive, vertically integrated system.”

“CleanSpark’s choice of Canaan miners highlights the strength of our products and our shared dedication to shaping the future of Bitcoin mining,” Mr. Zhang continued. “Our commitment to supporting the North American mining community is unwavering, and we are excited about the new opportunities this collaboration opens as we expand our regional presence.”

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 press release 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, Canaan Inc.’s anticipated financing plans and its intended use of proceeds 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 in China; 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 Contact

Canaan Inc.
Ms. 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-awarded-order-from-new-customer-cleanspark-for-avalon-a1566i-miners-302294076.html

SOURCE Canaan Inc.

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New Bestseller “ChatGPT AI Book Writing Formula” Hits #1 in Amazon: 9 Steps to “prompt, write, publish” Your Nonfiction Book

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A new book, “ChatGPT AI Book Writing Formula,” shows nonfiction authors how to leverage AI technology to make book writing faster and easier. Launched this week on Amazon, it quickly reached #1 status in two categories. Author Caryl Westmore distills the writing and self-publishing process into a 9-step formula, assisted by ChatGPT AI, paying special attention to prompt engineering as the key to success.

NEWPORT, Isle of Wight, Engaland, Nov. 1, 2024 /PRNewswire/ — Bestselling author and book coach Caryl Westmore has launched a groundbreaking new book, “ChatGPT AI Book Writing Formula,” which has already achieved #1 status in two Amazon categories. The book shows authors how to streamline the writing process with AI technology while preserving their authentic voice.

“ChatGPT AI Book Writing Formula: 9 Steps for Coaches, Therapists, and Entrepreneurs to Write a Client-Attraction Book Faster and Easier with AI” teaches readers to “prompt, write, publish” a nonfiction book with AI tools like ChatGPT (and Claude) as coaches, collaborators, and brilliant assistants.

“I originally talked about ‘dancing’ with ChatGPT to overcome writer’s block in my book “Bust Writer’s Block Forever,” says Westmore. “But this book takes AI collaboration to a whole new level.”

“AI streamlines book writing,” says Westmore. “Writers must, however, humanize ‘AI-speak’ with personal anecdotes, case studies, and emotions.”

Prompt Engineering (the art of interacting with ChatGPT AI) can be challenging at first. Westmore includes a free bonus PDF, “Time-Saving Prompts for Authors,” and plans a follow-up course, “Author Accelerator: Master AI-Powered Prompts for Writing, Editing, and Publishing Your Book in 21 days.”

View Artificial Intelligence as either fearful or fascinating. This book reassures readers that it can be both fun and useful in assisting with the “hard-lifting” when it comes to self-publishing.

“ChatGPT AI Book Writing Formula” is currently available on Amazon at a special launch price of $0.99. https://www.amazon.com/dp/B0DL4L79PQ.

For More Information:

For more information or to schedule an interview about this press release, please get in touch with Caryl Westmore of Break Free Fast Publishing.
email: caryl@carylwestmore.com

About the Author:

Caryl Westmore is a leading voice in blending book coaching with energy psychology and AI strategies. She is the bestselling author of over ten books and hosts the “Write the Book Inside You” podcast for nonfiction writers. A former journalist, she pivoted twenty years ago into promoting transformational authors and coaching clients to break free from the past to claim the dreams and life they love—including writing the book inside them.

www.carylwestmore.com

Caryl Westmore
CEO
Break Free Fast Publishing
+44 7500 273331
caryl@carylwestmore.com

“This release was issued through WebWire®. For more information, visit http://www.webwire.com.”

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SOURCE Caryl Westmore

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WOLFBOX Draws Awareness on the Important Role of Dash Cams in Ensuring Driver Safety and Preventing Insurance Fraud

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DALLAS, Nov. 1, 2024 /PRNewswire/ — Auto insurance fraud is rapidly growing with fraudsters orchestrating staged accidents, exaggerated injury claims, and even deliberate collisions to take advantage of insurance payouts. Fraudulent claims not only cost insurers billions of dollars every year, but also result in increased premiums and severe financial consequences for innocent victims. Proving innocence in these cases is difficult, often requiring the assistance of an insurance fraud lawyer, and can lead to lengthy legal battles and payouts. Thus, WOLFBOX wants to make drivers aware of how to ensure their safety and protect themselves from insurance fraud.

What is insurance fraud? It refers to the illegal act of deceiving an insurance company for financial gain. Recently, a video of an alleged car insurance fraud in New York City that went viral on TikTok captured how these fraudsters come out of nowhere and stage an accident. Luckily for the victim in this video, her car’s dash cam recorded the entire incident. This video has raised awareness around the importance of owning a dash cam to prevent insurance scams.

With such incidents on the rise, dash cams have emerged as the most effective tools for preventing and combating car insurance fraud. With their ability to continuously record the road and driver interactions, these devices provide an unbiased, reliable account of what actually happens during an incident. Dash cams can be essential for drivers who need to know how to report insurance fraud or are seeking legal recourse.

From round-the-clock monitoring to providing objective evidence, a dash cam serves as a handy device for drivers to keep themselves and their vehicles safe. One of the primary advantages of a dash cam is its ability to record real-time video footage of the road and surroundings. In the event of an accident or dispute, this footage serves as irrefutable evidence, helping to determine fault and protect drivers from fraudulent claims. Dash cam footage is crucial when settling disputes in courts or with insurance companies, especially in car insurance fraud examples.

Apart from 24/7 surveillance, some of the recent dash cams also offer extremely high resolution video even in dark or poorly lit conditions. For instance, WOLFBOX’s 3-channel X5 dash cam is equipped with the latest best-in-class IMX 678 sensor that captures license plates and other critical details day or night with enhanced image quality and color reproduction. With its three-channel monitoring system, the dash cam covers the vehicle’s front, rear and interior with 4K and 2.5K clarity, significantly reducing blind spots and improving overall driving safety.

Dash cams continue to record even when the vehicle is parked.This is especially useful for capturing footage of hit-and-run incidents or vandalism cases. The X5 comes equipped with two parking modes, including time-lapse monitoring and collision detection. These modes ensure continuous surveillance, offering peace of mind whether the vehicle is parked or in motion.

Many advanced dash cams such as the X5 are equipped with GPS functionality that logs vehicle’s speed, location, and route. This data can also prove to be critical in disputes where the other party falsely claims speeding or reckless driving.

Dash cams also help promote responsible driving. With a dash cam installed, drivers tend to become more cautious and aware of their driving habits, knowing that their behavior is being recorded. This leads to a culture of safer and more responsible driving on the road.

As insurance fraud becomes more sophisticated, it’s crucial for drivers to take proactive measures to protect themselves and their vehicles. Investing in a dash cam is a simple yet highly effective way to do just that.

For more information on the WOLFBOX’s dash cams, visit www.wolfbox.com.

About WOLFBOX
As the leading brand in the automotive electronics market, WOLFBOX’s product sales cover more than 70 countries and regions around the world. WOLFBOX strives to deliver cutting-edge electronics with the latest trends and up-to-date technology to enhance the driving experience and cater to the evolving needs of modern drivers. Meanwhile, WOLFBOX continuously brings up-to-date technology and reliable products for individuals who share the same values of adventure, free spirit, and vitality, to empower them to fully experience the joy of the open road, while ensuring their safety and comfort.

Media Contact
Alex B.
alex@wolfbox.com

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SOURCE WOLFBOX

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Rise48 Equity Expands Services with Launch of Rise48 Residential, Taking Over Management of Four Dallas-Fort Worth Properties

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PHOENIX, Nov. 1, 2024 /PRNewswire/ — Rise48 Equity, a multifamily investment group headquartered in Phoenix, Arizona, has announced the launch of its new third-party fee management company, Rise48 Residential. This expansion marks a significant step in the company’s growth, as Rise48 Residential has already taken on the management of four properties in Dallas and Fort Worth, TX, with plans to expand further in Q4.

After establishing a presence in the Dallas market in 2022 and expanding to North Carolina earlier this year, Rise48 Equity continues to strengthen its footprint by diversifying into property management. Rise48 Residential is a full-suite professional property management company, equipped with a full-time, experienced team specializing in operations, financial reporting, and marketing. The company focuses on assets built from the 1960s to the early 2000s, delivering tailored management solutions to optimize property performance.

Zach Haptonstall, CEO & Co-Founder of Rise48 Equity said, “We’ve recently had numerous lenders reach out to us saying they’re very happy with how we manage and operate the assets we currently own as a borrower, and these same lenders have asked us to help take over third-party fee management for other assets that they have foreclosed on from other borrowers. We saw an opportunity to expand on what we do best, which is manage and execute value-add business plans on existing multifamily properties.

The launch of Rise48 Residential allows us to share and expand our proprietary methods to third parties for marketing, recruiting staff, hiring, training, controlling supply chain, and executing on business plans. In Q4 we are taking over third-party management for other property owners in Arizona and have more assets in the pipeline from lenders coming in Texas. We will serve property owners and lenders in the Southwest, Southeast, and Texas markets for third-party fee management.

Our goal is to manage 50,000 units nationwide in the next 5 years for third parties. We will continue to grow our investment platform Rise48 Equity where we acquire and manage assets that we own.

Launching Rise48 Residential allows us to extend our high standard of property management to more communities, ensuring we can drive value not only for investors and lenders, but most importantly for residents,” said Zach Haptonstall, CEO & Co-Founder of Rise48 Equity. “We’re excited to bring this level of expertise to Dallas and are committed to continued growth in this market and beyond.”

Rise48 Residential provides a comprehensive range of services, including operations, financial planning & analysis, human resources, advanced data analytics, and marketing, designed to streamline operations and enhance asset value.

The company aims to bring its unique blend of operational expertise and strategic focus to each property it manages, ensuring maximum returns for investors and a high-quality living experience for residents.

About Rise48 Equity:

Rise48 Equity has completed over $2.3 Billion+ in total transactions and purchased 54 assets, 10,000+ units since 2019. They currently have $1.8 Billion+ of Assets Under Management in Phoenix, AZ and Dallas, TX. They have completed 11 Full-Cycle Dispositions and returned capital to investors. The company has 240+ full-time W2 employees on full healthcare benefits. 

Rise48 Equity provides multifamily investment opportunities for accredited investors to protect and grow their wealth and achieve passive cash-flow. The team brings expertise to acquire, reposition and return capital to investors upon reaching the business plan. 

Rise48 Communities is the vertically integrated property management company that manages all assets owned by Rise48 Equity. The company does all of the construction management, property management, and asset management in-house. 

For more information about Rise48 Equity, visit their website: rise48equity.com

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SOURCE Rise48 Equity

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