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.
Canaan Inc. raises $30 million through preferred stock issuance
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