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Canaan - Equity Financing-2
Overview
Funding Date
November 21, 2024
Financing amount
$30M
Valuation
--
Category
About Canaan - Equity Financing-2
Canaan recently entered into a securities purchase agreement, selling up to 30,000 Series A-1 Preferred Shares at $1,000 each to an institutional investor. This agreement will raise $30 million to support the development of digital mining sites and equipment in North America.
Founders & Team
N.G.Zhang
Company Profile / Project Introduction
Canaan inc. created the world's first ASIC Bitcoin miner and is also the first mining machine manufacturer to be listed on the Nasdaq. Canaan is dedicated to developing and selling Bitcoin mining machines and related services. Canaan’s headquarters are in Singapore and operates offices in China, North America, and Central Asia. Its machines are sold in 21 countries and regions around the world.