As reported by Bijiie, Canaan Inc. has secured a $72 million strategic investment from BH Digital, Galaxy Digital, and Weiss Asset Management. The investment involves the purchase of 63.7 million American Depositary Shares (ADS) at $1.131 per share, with no warrants or derivatives involved. CEO Zhang Nankeng stated the equity investment reflects institutional confidence in the company's technology and long-term strategy, supporting innovation in Bitcoin mining and high-performance computing infrastructure. The funds will be used to strengthen financial stability and fund energy infrastructure projects, with the transaction expected to close on November 6, 2025.
Canaan Inc. Secures $72M Strategic Investment from Brevan Howard, Galaxy Digital, and Weiss Asset Management
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