Canaan announces a $30 million stock repurchase plan
Jinse Finance reported that Nasdaq-listed bitcoin mining company Canaan has announced that its board of directors has approved a new stock repurchase program. The company may repurchase up to $30 million worth of issued American Depositary Shares (ADS) within the next 12 months, with each ADS representing 15 Class A ordinary shares. Canaan had previously launched a stock repurchase program, which has expired and resulted in the repurchase of 6,586,413 ADS, totaling approximately $4.9 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
An address associated with a certain block builder deposited 4,900 ETH, worth $13.72 million, to a certain exchange.
Aster will launch the fifth phase airdrop "Crystal" on December 22nd.
Aster: The fifth phase of the airdrop will start on December 22 and last for 6 weeks.
Multiple whales are buying the dip in HYPE, with potential purchasing power exceeding $35 million
Trending news
MoreCrypto prices
More
