<SEC-DOCUMENT>0001104659-26-001119.txt : 20260106
<SEC-HEADER>0001104659-26-001119.hdr.sgml : 20260106
<ACCEPTANCE-DATETIME>20260106091712
ACCESSION NUMBER:		0001104659-26-001119
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20260106
FILED AS OF DATE:		20260106
DATE AS OF CHANGE:		20260106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Canaan Inc.
		CENTRAL INDEX KEY:			0001780652
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39127
		FILM NUMBER:		26509575

	BUSINESS ADDRESS:	
		STREET 1:		28 AYER RAJAH CRESCENT
		STREET 2:		#06-08
		CITY:			SINGAPORE
		STATE:			U0
		ZIP:			139959
		BUSINESS PHONE:		65 6305 6618

	MAIL ADDRESS:	
		STREET 1:		28 AYER RAJAH CRESCENT
		STREET 2:		#06-08
		CITY:			SINGAPORE
		STATE:			U0
		ZIP:			139959
</SEC-HEADER>
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<TYPE>6-K
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<FILENAME>tm261823d1_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>WASHINGTON, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>REPORT OF FOREIGN
PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SECURITIES EXCHANGE
ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>For the month of January&nbsp;2026</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Commission File Number:
001-39127</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Canaan Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>28 Ayer Rajah Crescent</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>#06-08</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Singapore 139959</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">(Address of principal
executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">Form&nbsp;20-F <FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F
<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 10%"><B>Exhibit&nbsp;No.</B></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 88%"><B>Description</B></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="font-size: 10pt"><A HREF="tm261823d1_ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit&nbsp;99.1</FONT></A></TD>
    <TD>&nbsp;</TD>
<TD STYLE="font-size: 10pt; text-align: justify"><A HREF="tm261823d1_ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Canaan Inc.
Expands Energy Efficiency Initiatives with 3 MW Compute Heat Recovery Proof-of-Concept at Canadian Greenhouse</FONT></A></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; background-color: white">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD>&nbsp;</TD>
<TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Canaan Inc.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
<TD STYLE="width: 6%; font-size: 10pt">&nbsp;</TD>
<TD STYLE="width: 44%; font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
<TD STYLE="font-size: 10pt">&nbsp;</TD>
<TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
<TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid">/s/ Nangeng Zhang</TD></TR>
<TR>
    <TD>&nbsp;</TD>
<TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
<TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nangeng Zhang</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
<TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
<TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman and Chief Executive Officer</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: January&nbsp;6, 2026</P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm261823d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="font-size: 10pt; text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><IMG SRC="tm261823d1_ex99-1img001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Canaan Inc. Expands Energy Efficiency Initiatives
with 3 MW Compute Heat Recovery Proof-of-Concept at Canadian Greenhouse</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Canaan&rsquo;s Avalon<SUP>&reg;</SUP> computing
system to supplement electric-boiler heating at a greenhouse in Manitoba</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SINGAPORE, January&nbsp;6, 2026</B> &mdash; Canaan Inc. (NASDAQ:
CAN) (&ldquo;Canaan&rdquo;), an innovator in crypto mining, today announced a 3.0 MW proof-of-concept (PoC) with Bitforest Investment
Ltd. (&ldquo;Bitforest&rdquo; or the &ldquo;Host&rdquo;) in Manitoba, Canada, to recover heat from an Avalon computing system and use
the heat as a supplemental source for greenhouse operations. The pilot is part of Canaan&rsquo;s broader initiatives to make high-density
computing operations more efficient through the use of cutting-edge semiconductor chips that create practical energy reuse across commercial
and consumer applications. The project <FONT STYLE="background-color: white">will also allow Canaan to evaluate key performance indicators
for </FONT>agricultural applications<FONT STYLE="background-color: white">, such as heat recovery efficiency, system stability, and operating
and maintenance intensity under real operating conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under the agreement, for an initial 24-month term, Canaan will deploy
an Avalon computing system consisting of 360 units of the Avalon A1566HA-460T liquid-cooled computing servers and four liquid-cooling
container modules (the &ldquo;Canaan Equipment&rdquo;) to be operated by the Host. Delivery will follow Bitforest&rsquo;s notice to proceed.
Heat captured from Canaan&rsquo;s computing system will preheat the intake water for the site&rsquo;s electric boilers through a closed-loop
heat-exchange system, thus lowering the incremental energy required to meet target temperatures. The Host targets 95% uptime for the
Canaan Equipment. Based on current assumptions, Canaan estimates that approximately 90% of the electricity consumed by the computing
servers will be captured and transferred to the heating system. Actual performance metrics will be confirmed once fully operational.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Subject to actual operating
conditions, </FONT>the computing system is expected to achieve attractive capital efficiency. The unique system is expected to lower
capital expenditure by removing the industrial cooling towers which would otherwise be needed in liquid-cooled data centers. In terms
of operating expenses, Canaan also enjoys a very low all-in cost of power of US$0.035/kWh, which includes the Host&rsquo;s power cost
and routine operation, troubleshooting, and maintenance of the Canaan Equipment. If Bitforest participates in grid demand-response or
sells power back to the grid, Canaan will share in the economic benefits of such programs, making this PoC a true win-win collaboration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;With this PoC, we are not just deploying computing equipment
for one project&mdash;we hope to build a data-driven, replicable model,&rdquo; said Nangeng Zhang, chairman and chief executive officer
of Canaan. &ldquo;This program will allow us to measure, model, and scale heat recovery for agriculture in colder climates. <FONT STYLE="background-color: white">Liquid
cooling enables us to output high-temperature hot water above 75&deg;C, making compute heat directly usable for greenhouses.</FONT> The
PoC expands our broader efforts to rethink how computing infrastructure can enhance energy sustainability for households, businesses,
and industrial partners.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Large greenhouse facilities often rely on fossil-fueled boilers as
their primary heat source. Several regions, including Canada, have adopted carbon pricing to encourage lower-carbon heating options in
greenhouses. Canaan&rsquo;s Avalon computing system will provide supplemental heat that ties into Bitforest&rsquo;s existing boiler loop.
The combined setup is designed to deliver up to one million tonnes of hot water annually by recycling heat from computing servers that
would otherwise be wasted, improving overall site power efficiency while reducing environment impact.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Canaan will continue expanding its energy efficiency initiatives,
including industrial heat-reuse deployments, bitcoin-mining space heaters for home use, and ongoing advances in power-efficient Avalon
systems built on Canaan-designed semiconductor chips.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Canaan Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 under the brand name
Avalon and, today, the Company&rsquo;s machines have the second largest share of the global bitcoin mining market. In 2019, Canaan completed
its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit <U>https://www.canaan.io/</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Safe Harbor Statement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This press release contains forward-looking statements.
These statements are made under the &quot;safe harbor&quot; provisions of the&nbsp;U.S.&nbsp;Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by terminology such as &quot;will,&quot; &quot;expects,&quot; &quot;anticipates,&quot;
 &quot;future,&quot; &quot;intends,&quot; &quot;plans,&quot; &quot;believes,&quot; &quot;estimates&quot; and similar statements. Among
other things, the business outlook and quotations from management in this announcement, as well as&nbsp;Canaan Inc.'s&nbsp;strategic
and operational plans, contain forward-looking statements.&nbsp;Canaan Inc.&nbsp;may also make written or oral forward-looking statements
in its periodic reports to the&nbsp;U.S. Securities and Exchange Commission&nbsp;(&quot;SEC&quot;) 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&nbsp;Canaan Inc.'s&nbsp;beliefs and expectations,
such as expectations with regard to revenue or mining hash rate deployment, 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, the ability of the Company to execute against its goals, financial condition and results of operations; the expected growth
of the&nbsp;bitcoin&nbsp;industry and the price of&nbsp;bitcoin; the Company's expectations regarding demand for and market acceptance
of its products, especially its&nbsp;bitcoin&nbsp;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; changing macroeconomic and geopolitical conditions, including evolving international
trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; and relevant government
policies and regulations relating to the Company and&nbsp;cryptocurrency. Further information regarding these and other risks is included
in the Company's filings with the&nbsp;SEC. All information provided in this press release and in the attachments is as of the date of
this press release, and&nbsp;Canaan Inc.&nbsp;does not undertake any obligation to update any forward-looking statement, except as required
under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investor Relations Contact</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Canaan Inc.<BR>
Xi Zhang<BR>
<U>IR@canaan-creative.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Christensen Advisory<BR>
Christian Arnell<BR>
<U>canaan@christensencomms.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Public Relations Contact</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BlocksBridge Consulting</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jesse Colzani</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>canaan@blocksbridge.com</U></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
