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Canaan - Equity Financing
Overview
Funding Date
January 26, 2024
Financing amount
$50M
Valuation
--
Category
About Canaan - Equity Financing
Crypto mining rig maker Canaan has raised over $50 million through preferred shares financing to enhance its research and development capabilities and expand production scale. The Nasdaq-listed company disclosed in a filing this week that it raised the capital from an institutional investor by issuing and selling up to 125,000 series A convertible preferred shares. The company did not name the investor.
Founders & Team
N.G.Zhang
Company Profile / Project Introduction
Canaan inc. created the world's first ASIC Bitcoin miner and is also the first mining machine manufacturer to be listed on the Nasdaq. Canaan is dedicated to developing and selling Bitcoin mining machines and related services. Canaan’s headquarters are in Singapore and operates offices in China, North America, and Central Asia. Its machines are sold in 21 countries and regions around the world.