Canaan Inc. announced a US\(72,000,000 Registered Direct Offering of American Depositary Shares (ADSs) pursuant to an existing shelf registration statement on Form F-3. The transaction involves the sale of 63,660,477 ADSs at a price of US\)1.131 per ADS, with closings anticipated around November 6, 2025.
Net proceeds are strategically allocated toward the acquisition and development of North American data center sites, expansion of Bitcoin mining machine production capacity, Research & Development, and general corporate purposes.
Legal documentation confirms the company is duly incorporated in
...