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Canaan plans to raise $72 million for expansion of its North American data centers and mining rig production.

2025-11-0511706 Views

Cryptocurrency mining machine manufacturer Canaan (NASDAQ code: CAN) announced that it will issue approximately 63.66 million American Depositary Shares (ADS) to specific investors through a Registered Direct Offering, with a price of $1.131 per share, raising a total of approximately $72 million.

Canaan plans to raise $72 million for expansion of its North American data centers and mining rig production.

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