Canaan Inc. has announced a registered direct offering valued at $72 million that involves the issuance of 63.66 million American depositary shares. This move aims to bolster the company’s initiatives in cryptocurrency mining. The offering is intended to provide the necessary capital for Canaan Inc. to expand its operations in this growing sector. By issuing these American depositary shares, the company seeks to enhance its capabilities and market position within the crypto mining industry. This direct offering reflects Canaan Inc.’s ongoing commitment to advancing its business and capitalizing on opportunities in the cryptocurrency space.
This update was auto-syndicated to Bpaynews from real-time sources. It was normalized for clarity, SEO and Google News compatibility.
