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Canaan Announces $20 Million Share Repurchase Program

2026-11-12 16:30

According to CoinDesk, Canaan, the manufacturer of Avalon mining machines, has launched a $20 million share repurchase program and may sell more Bitcoin to fund the repurchase; as of the end of September, most of its Bitcoin holdings had been staked or placed in term products.

Source: TechFlow