[Canaan Secures $72 Million Strategic Investment, Issues 63.7 Million American Depositary Shares]
Nasdaq-listed Bitcoin mining machine manufacturer Canaan Inc. announced that it has received a strategic investment totaling $72 million from BH Digital (a division of Brevan Howard), Galaxy Digital, and Weiss Asset Management. The financing was conducted in the form of equity, with the company issuing approximately 63.7 million American Depositary Shares (ADS) at a price of $1.131 per share. The transaction does not involve options, warrants, or other derivatives. The deal is expected to be completed on November 6 (UTC+8).