On November 19, 2024, Canaan Inc. announced the closure of its Series A-1 preferred shares financing, raising $30 million. The company entered into a securities purchase agreement with an institutional investor to issue 30,000 Series A-1 Convertible Preferred Shares at $1,000 each.This financing aims to support Canaan's strategic goals and business development plans. The company anticipates using the proceeds to enhance its operations and strengthen its market position, particularly in the bitcoin mining sector. Forward-looking statements indicate potential growth in the bitcoin industry and increased demand for Canaan's products.Canaan's CEO, Nangeng Zhang, signed the report, emphasizing the company's commitment to maintaining strong relationships with production partners and customers.

On November 19, 2024, Canaan Inc. announced the closure of its Series A-1 preferred shares financing, raising $30 million. The company entered into a securities purchase agreement with an institutional investor to issue 30,000 Series A-1 Convertible Preferred Shares at $1,000 each.This financing aims to support Canaan's strategic goals and business development plans. The company anticipates using the proceeds to enhance its operations and strengthen its market position, particularly in the bitcoin mining sector. Forward-looking statements indicate potential growth in the bitcoin industry and increased demand for Canaan's products.Canaan's CEO, Nangeng Zhang, signed the report, emphasizing the company's commitment to maintaining strong relationships with production partners and customers.