NASDAQ-listed Canaan Inc. announced that it has completed the previously disclosed A-1 round of preferred stock financing, amounting to $30 million. Canaan Inc. signed a securities purchase agreement with an institutional investor on November 19, 2024, agreeing to issue and sell 30,000 shares of A-1 series convertible preferred stock at a price of $1,000.00 per share. It is reported that the new funds are intended to support the development of digital mining and equipment in North America.