EconomyCanaan may sell more bitcoin for buybacks as mining-rig revenue drops 96%
Canaan, maker of Avalon mining rigs, has launched a $20 million share-repurchase program as mining-rig revenue fell 96%. Most of its bitcoin holdings were pledged or put into a fixed-term product at the end of September, and the company may sell more bitcoin to fund buybacks.
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CoinDesk★★☆☆☆2026-11-12 07:41Original
Canaan may sell more bitcoin for buybacks as mining-rig revenue drops 96%
Economy