Canaan Technology announced that it has signed a securities purchase agreement with an institutional investor, providing a total revenue of up to $200 million through A-1 series preferred stock financing. The first payment of the preferred stock financing was completed on March 10, 2025, and the first $100 million has been received. It is expected to receive an additional $100 million related to the second payment in the near future, but subject to certain terms and conditions.
