Canaan to raise $72 million through the issuance and sale of American Depositary Shares
ChainCatcher news, Nasdaq-listed bitcoin mining company Canaan Technology announced that it will raise $72 million by issuing and selling a total of 63,660,477 American Depositary Shares (ADS). The net proceeds will be used for acquiring and developing data centers and facilities in the North American market, expanding bitcoin mining machine production capacity, as well as for the sales, research and development of bitcoin mining machines, and other general corporate purposes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SUI has rewards, buybacks, and a new CEO – What’s still missing is…
10.19 Zhang Lihui: Today's Latest Analysis and Trading Suggestions for Ethereum (ETH)!
A "perfect financial storm" more severe than 2008 is brewing? 'Dr. Doom' warns: $8.3 trillion in low-interest mortgages have already suffered $2 trillion in paper losses.
Peter Schiff warns that a "perfect financial storm" more severe than 2008 is brewing.
Crypto prices
More
