According to reports, cryptocurrency mining machine manufacturer Canaan has raised $50 million through preferred shares, with the specific investment institutions yet to be disclosed. The raised funds will be used to enhance research and development capabilities and expand production scale. Canaan's stock closed down 6.45% on January 25th, at $1.45. Since the beginning of this month, its stock price has fallen by 32.87%.

Foresight News: According to The Block, cryptocurrency mining equipment manufacturer Canaan has raised $50 million through preferred shares, with specific investment institutions yet to be disclosed. The raised funds will be used to enhance research and development capabilities and expand production scale. Canaan's stock closed down 6.45% on January 25th, at $1.45. Since the beginning of this month, its stock price has fallen by 32.87%.

Cryptocurrency mining machine manufacturer Canaan Technology completes $50 million financing.