PANews reported on November 5th that Canaan Inc., a Nasdaq-listed Bitcoin mining equipment company, announced it has secured $72 million in strategic investment from BH Digital (a division of Brevan Howard), Galaxy Digital, and Weiss Asset Management. The investment is in equity, with Canaan issuing approximately 63.7 million American Depositary Shares (ADSs) at $1.131 per share, without involving options, warrants, or other derivatives. The transaction is expected to close on November 6th.
Canaan Technology receives $72 million in strategic investment from Brevan Howard, Galaxy Digital, and others.
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