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Canaan Creative, a Bitcoin mining machine manufacturer, has completed a $50 million Series B preferred stock financing.

2024.01.26 - 10:46

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TechFlow news — Bitcoin mining machine manufacturer Canaan Inc. announced that it has completed its second series of preferred stock financing on January 22, raising over $50 million.

The company plans to use the net proceeds from the sale of securities for research and development, expanding production capacity, and other general corporate purposes.

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