[Canaan to Raise $72 Million Through Issuance and Sale of American Depositary Shares] BlockBeats News, November 4, Nasdaq-listed Bitcoin mining company Canaan announced that it will raise $72 million through the issuance and sale of a total of 63,660,477 American Depositary Shares (ADS). The net proceeds will be used for acquiring and developing data centers and facilities in the North American market, expanding Bitcoin mining machine production capacity, as well as the sales, research and development of Bitcoin mining machines, and other general corporate purposes.