Institutional Investors Fuel Canaan’s Bitcoin Mining Push with $72 Million Funding

Canaan, a leading bitcoin mining infrastructure provider, has received a significant boost from three major institutional investors: Galaxy Digital, Weiss Asset Management, and Brevan Howard Digital. This investment of $72 million will strengthen Canaan’s financial position, allowing it to reduce reliance on short-term fundraising and focus its resources solely on expanding its Bitcoin mining operations.