Kanner earned $72 million from BH Digital, Galaxy and Weiss
Bitcoin mining rescue Carrar canna Inc. from <ጋላክሲ ዲጂታል>$72 million strategic deal with Bibian Assets Digital Assets Digital Assets Krugin, Bravan Howard Digital Edginal.
The transaction, announced on Tuesday, will strengthen the company's balance sheet and reduce its reliance on the futures market (ATM). According to the said agreement, the investors representing Canaan's share stock at 1.13 in the selected vertical offering were built from 63.7 million American depository shares of the company.
In the year Founded in 2013, Canaan Specially Integrated Integration (ACACAC) is specialized in chip design and high performance computing. The company launched its first Avalon Storm Bricon mining rig in 2010. In 2013 In 2019 Listed on NASADAQ.
According to Kanaan, the investment reflects a move to partner with grassroots investment companies and marks a change in the capital city.
At the time of writing, Canaan's share price was about 9% of the New York trade in NASADAQ according to YAO Finance.
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Canaan doubles down on core business
While many Bitcoin mining companies have turned to artificial intelligence and high performance computing (HPC) to increase revenue, they have focused on Bitcoin mining hardware and infrastructure.
In the year In June, the company said it would cease efforts to produce hardware. Canaan's chairman and CEO Zeng said that the most strategic way forward for the company is to double down on “Cibito infrastructure and Biscon rescue”.
In addition, Kanaan in June in the United States completed a test product that was launched to carry out regional operations of the teacher's historical moments to customers. The company's stock was In October, the largest order in the US in more than three years, more than 50,000 design orders were more than 26 percent.
Six out of the 10 largest population farms in the country are planted in six of the 10 largest population farms, accounting for about 38% of the international Bricon Afrosh.
Magazine-Bookin Why is mining a terrible business idea?
