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Jianan Technology Receives $72 Million Strategic Investment, with Participation from Galaxy Digital

3 hours ago

On November 5th, as per MarketWatch, the Bitcoin mining firm Canaan received a cumulative sum of $72 million in strategic investment from three renowned institutional investors, namely Brevan Howard, Galaxy Digital, and Weiss Asset Management. The investment was carried out in the form of direct equity at a price of $1.131 per American Depositary Share (ADS), without the inclusion of any warrants or other derivatives. On November 4th, Canaan announced that it would raise $72 million by issuing and selling a total of 63,660,477 American Depositary Shares (ADS). The net proceeds would be utilized to acquire and develop data centers and facilities in the North American market, expand the capacity of Bitcoin mining machines, and for the sale, research and development of Bitcoin mining machines, as well as for other general corporate purposes.
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A certain whale withdrew 108,158 SOL and staked it, worth approximately $16.2 million.

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The US Government Shutdown Enters Day 36, Setting a New Record

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