[Canaan Completes $72 Million Registered Direct Offering] Canaan Inc. (NASDAQ: CAN) announced that it has completed a registered direct offering to institutional investors, issuing $72 million worth of American Depositary Shares (ADS), with each ADS representing 15 Class A ordinary shares at an offering price of $1.131 per ADS. Investors include Brevan Howard, Galaxy Digital, and Weiss Asset Management.