Canaan Inc. Announces the Execution of a Securities Purchase Agreement
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Canaan Inc. has entered into a securities purchase agreement to issue and sell up to 30,000 Series A-1 Preferred Shares to an institutional investor. The proceeds will be used to expand its digital mining operations and equipment in North America.
November 20, 2024 | 10:30 am
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Canaan Inc. has signed a securities purchase agreement to issue up to 30,000 Series A-1 Preferred Shares, with proceeds aimed at expanding its digital mining operations in North America.
The issuance of Series A-1 Preferred Shares provides Canaan with capital to expand its digital mining operations, which could enhance its market position and revenue potential in North America. This strategic move is likely to positively impact the stock price in the short term.
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