Jianan Technology will raise $72 million through the issuance and sale of American Depositary Shares

By: theblockbeats.news|2025/11/04 23:45:58

BlockBeats News, November 4th, Nasdaq-listed Bitcoin mining firm Canaan Inc. announced that it will raise $72 million by issuing and selling a total of 63,660,477 American Depositary Shares (ADS). The net proceeds will be used to acquire and develop data centers and facilities in the North American market, expand Bitcoin mining machine capacity, and for the sale, research and development, and other general corporate purposes of Bitcoin mining machines.

The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

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Kalshi Executive Challenges “SBF Backed AI Unicorns” Narrative, Says Leopold Aschenbrenner Was Key Figure

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Meet the new WEEX trial fund—your gateway to greater profits

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WEEX Labs Lands at Dutch Blockchain Week: A Disruptive Crypto × AI Conversation Sets Sail in Amsterdam

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