Exhibit 99.1 Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results Singapore, February 27, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high- performance computing solutions provider, today announced its unaudited financial results for the three months and twelve months ended December 31, 2023. Fourth Quarter 2023 Operating and Financial Highlights Total computing power sold was 5.5 million Thash/s, representing an increase of 45.7% from 3 ...