Canaan Inc. raises $30 million through preferred stock issuance

avatar
Foresight News
7 hours ago
This article is machine translated
Show original

According to a report by Finance Magnates, bitcoin mining machine manufacturer Canaan Inc. has signed a securities purchase agreement to sell up to 30,000 shares of its Series A-1 preferred stock at a price of $1,000 per share to an institutional investor. The agreement will raise $30 million to support its North American cryptocurrency mining and mining equipment development.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments