TechFlow, Nov. 4 — According to PRNewswire, Nasdaq-listed Bitcoin mining company Canaan Inc. announced 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 miner production capacity, and for sales, research and development of Bitcoin miners, as well as other general corporate purposes.
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