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TechFlow news, on November 21, according to Finance Magnates, Canaan Inc., a Bitcoin mining machine manufacturer, has entered into a securities purchase agreement to sell up to 30,000 shares of Series A-1 preferred stock to an institutional investor at $1,000 per share.
The agreement will raise $30 million to support the development of cryptocurrency mining operations and mining equipment in North America.
According to Finance Magnates, Canaan Inc., a Bitcoin mining machine manufacturer, has signed a securities purchase agreement to sell up to 30,000 shares of Series A-1 preferred stock to an institutional investor at $1,000 per share. The agreement will raise $30 million to support the development of cryptocurrency mining and mining equipment in North America.
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