< img src = "/uploads/blogs/46/68/ib-fiqjq8vq_bdc92084.jpg" Alt = "canaan attracted $ 200 million to expand mining in North America"/> ~ ~ < P > Manufacturer of Bitcoin Inc & Amp Bitcoins Equipment; Nbsp; Nbsp; Nbsp; Nbsp; Up to $ 200 million. Financing. < P > The company's representatives have confirmed that it has already received $ 100 million from the institutional investor based on the results of the first tranche. The second half of the amount is expected to be transferred after fulfilling a number of conditions.

< P > Financing is directed to support research and development, expansion of production capacity and development of digital infrastructure for mining in North America. According to Canaan Director General Zhanga, the company intends to reach the hashkelet at 10 eh/s by mid -2025.

~ < p > he noted that such actions emphasize the confidence of the company and its investors in the long -term prospects of bitcoin.

< P > This round follows the series of previous & nbsp; agreement & nbsp; with capital raising. In June 2024, Canaan received two loans worth $ 22.3 million, provided with 530 bitcoins. In October, the placement of privileged shares was completed, within which the company attracted another $ 50 million

< P > from November 2023 The total amount of money raised by Canaan reached $ 125 million. In November last year, the company also concluded an agreement on the sale of shares of the A-1 series for $ 30 million, sending them for the deployment

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116