Crypto miner manufacturer Canaan (NASDAQ: CAN) has announced that it will issue approximately 63.66 million American Depositary Shares (ADS) through a Registered Direct Offering to select investors at a price of $1.131 per share, for a total fundraising of approximately $72 million.
The proceeds raised from the offering, which is expected to close on November 6, 2025, will primarily be used to acquire and build data centers in North America, expand bitcoin mining capacity, support the deployment of digital mining farms and the sale of mining machines, as well as for research and development and other general corporate purposes.
Canaan plans to raise $72 million for North American data center and mining machine expansion
2025-11-04 15:44:27
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Canaan拟募资7200万美元，用于北美数据中心与矿机扩产等Next article：
Jupiter社区投票通过销毁“Litterbox”中的1.3亿枚JUP，约占流通量的4%
