Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Mining Equipment Manufacturer Canaan Raises $50 Million in Preferred Stock Financing
ADOPTION NEWS

Mining Equipment Manufacturer Canaan Raises $50 Million in Preferred Stock Financing

By Crypto FlexsJanuary 26, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Mining Equipment Manufacturer Canaan Raises  Million in Preferred Stock Financing
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Cryptocurrency mining equipment manufacturer Canaan has raised more than $50 million through preferred equity financing to strengthen its research and development capabilities and scale up production.

Nasdaq listed company has been made public. filing This week, it raised capital from institutional investors by issuing and selling up to 125,000 shares of Series A convertible preferred stock. The company did not reveal the name of the investor.

“The company plans to use the net proceeds from the sale of the securities for research and development, expansion of production scale, and other general corporate purposes,” Canaan said in the filing.

Canaan shares closed at $1.45 on Thursday, down 6.45%. Since the beginning of this month, the stock price has fallen 32.87%.

In the third quarter of last year, the mining equipment manufacturer reported a net loss of $80.1 million compared to net income of $6.3 million in the same period in 2022. report showed it

Canaan earlier this month presentation Secured follow-on purchase orders for more than 17,000 Bitcoin mining machines from Cipher Mining Inc. and Stronghold Digital Mining Inc. Both companies are listed on Nasdaq.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Mainnet Shapella announced | Ethereum Foundation Blog

December 6, 2023

Unlock the power of Elacoin: the cryptocurrency that’s making waves! – DeFi information

January 16, 2024

Debiex Crypto Exchange implicated in alleged romance scam

January 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.