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Canaan Technology completes $72 million sign up direct issuance
[Canaan Inc. Completes $72 Million Registered Direct Offering] Crypto mining innovator Canaan Inc. (NASDAQ: CAN) announced today that it has completed its registered direct offering for institutional investors announced on November 4, 2025. The offering involved the issuance of $72 million of the company's American Depositary Shares (“ADS”), with each ADS representing 15 shares of Class A common stock, at a price of $1.131 per ADS. Investors include Brevan Howard, Galaxy Digital, and Weiss Asset Management.