Canaan (CAN) announced that BH Digital, a division of Brevan Howard, Galaxy Digital, and Weiss Asset Management, made a strategic investment totaling $72M in Canaan through the purchase of American depositary shares, each representing 15 Class A ordinary shares of the Company. No warrants, options, or other derivative instruments were issued as part of this transaction. This investment represents a strategic shift in Canaan’s capital markets strategy, aligning the company with three well-respected, fundamentals-driven investment firms.
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