**Canaan Inc. Sells ADS at an Average Price of $1.61**
Following a successful fundraising round, Canaan Inc. has decided to implement a strategic pause in its ATM sales throughout 2025. This means the company will halt any additional ATM equity offerings for the remainder of the year.
The decision to resume active ATM sales in 2026 will depend on a variety of factors, including Canaan’s cash needs and prevailing market conditions. This cautious approach reflects the company’s emphasis on maintaining financial flexibility while navigating the evolving cryptocurrency market.
**Financial Stability and Technological Advancements**
Canaan’s financial position remains strong, supported by sustained business momentum. As of September 30, 2025, the company reported holding a cryptocurrency treasury consisting of 1,582 bitcoins and 2,830 ETH. These digital assets contribute to the company’s overall financial stability amidst market fluctuations.
In addition to its solid financial footing, Canaan continues to drive innovation in crypto mining technology. On October 28, 2025, the company launched its latest bitcoin mining machine, the Avalon A16 series. This new product features advanced power efficiency and enhanced manufacturing quality, underscoring Canaan’s commitment to technological excellence.
**About Canaan Inc.**
Founded in 2013, Canaan Inc. specializes in designing and producing ASIC high-performance computing chips. The company is recognized as a pioneer in the cryptocurrency mining industry, having shipped the first batch of mining machines equipped with ASIC technology under the Avalon brand.
Canaan went public on the Nasdaq Global Market in 2019, further cementing its position as a key player in the technology and crypto sectors.
The update on Canaan’s ATM offering program highlights the company’s strategic approach to balancing immediate financial gains with long-term growth and innovation within the rapidly evolving crypto mining landscape.
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