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Canaan Technology completes $72 million registered direct issuance
Golden Finance reports that cryptocurrency mining innovator Canaan Inc. (NASDAQ: CAN) announced today that it has completed the registered direct offering for institutional investors announced on November 4, 2025. The offering raised a total of $72 million through the issuance of American Depositary Shares (“ADS”), with each ADS representing 15 Class A ordinary shares, at an offering price of $1.131 per ADS. Investors include Brevan Howard, Galaxy Digital, and Weiss Asset Management.