[Canaan Announces $30 Million Stock Repurchase Program] According to Jinse Finance, Nasdaq-listed Bitcoin mining company Canaan has announced that its board of directors has approved a new stock repurchase program. The company may repurchase up to $30 million worth of issued American Depositary Shares (ADS) over the next 12 months, with each ADS representing 15 Class A ordinary shares. Canaan had previously launched a stock repurchase program, which has expired, during which it repurchased 6,586,413 American Depositary Shares (ADS) for a total of approximately $4.9 million.