Golden Finance reports that cryptocurrency mining innovator Canaan Inc. (NASDAQ: CAN) announced today that it has completed the registered direct offering for institutional investors announced on November 4, 2025. The offering raised a total of $72 million through the issuance of American Depositary Shares (“ADS”), with each ADS representing 15 Class A ordinary shares, at an offering price of $1.131 per ADS. Investors include Brevan Howard, Galaxy Digital, and Weiss Asset Management.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Canaan Technology completes $72 million registered direct issuance
Golden Finance reports that cryptocurrency mining innovator Canaan Inc. (NASDAQ: CAN) announced today that it has completed the registered direct offering for institutional investors announced on November 4, 2025. The offering raised a total of $72 million through the issuance of American Depositary Shares (“ADS”), with each ADS representing 15 Class A ordinary shares, at an offering price of $1.131 per ADS. Investors include Brevan Howard, Galaxy Digital, and Weiss Asset Management.