Canaan completes $72 million registered direct offering

Jinse Finance reported that cryptocurrency mining innovator Canaan Inc. (NASDAQ: CAN) announced today that it has completed the registered direct offering to institutional investors, which was announced by the company on November 4, 2025. In this offering, a total of $72 million of the company’s American Depositary Shares (“ADS”), each representing 15 Class A ordinary shares, were issued at a price of $1.131 per ADS. Investors include Brevan Howard, an exchange, and Weiss Asset Management.