Canaan Inc. Closes Third Tranche of Preferred Shares Financing
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
Plans to fund self-mining expansion and Bitcoin mining machine business in North America SINGAPORE, Sept. 30, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the third and final tranche of its previously announced preferred shares financing (the "Preferred Shares Financing"), raising additional total gross proceeds of $50 million. Pursuant to the third tranche of Preferred Shares Financing, the Company issued 50,000 Preferred Shares (the "Third Closing Shares") at a price of US$1,000.00 per Preferred Share. Canaan agreed that the proceeds from the sale of the Third Closing Shares will be used by the Company and/or its subsidiaries to manufacture or invest in digital mining sites and equipment to be deployed or sold in North America, including any acquisition or disposition of assets from or between subsidiaries."We are delighted to continue our partnership with this
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News
- Canaan Inc. to Report Third Quarter 2024 Financial Results on November 20, 2024PR Newswire
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- Canaan Inc. Signs Agreement with HIVE for Avalon A1566 MinersPR Newswire
- Canaan Upgraded Avalon Miner A15 Series with Superior PerformancePR Newswire
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CAN
Earnings
- 8/15/24 - Beat
CAN
Sec Filings
- 11/1/24 - Form 6-K
- 10/24/24 - Form SC
- 9/30/24 - Form 6-K
- CAN's page on the SEC website