Bitcoin mining machine manufacturer Canaan Technology has completed a $50 million second round of preferred stock financing.

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<p>Shenzhen TechFlow News: Bitcoin mining machine manufacturer Canaan Technology announced that it has completed the second round of preferred stock financing on January 22, raising over $50 million.</p>
<p>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.</p>
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Canaan Technology completes $50 million Series B preferred stock financing.