Canaan receives $72 million strategic investment, with participation from Galaxy Digital
ChainCatcher news, Canaan Technology (NASDAQ: CAN) announced that it has received a strategic investment totaling $72 million from three well-known institutional investors: Brevan Howard, Galaxy Digital, and Weiss Asset Management.
This investment was made in the form of direct equity, with each ADS priced at $1.131, and does not involve warrants or other derivative instruments.
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