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Miner Hardware Maker Canaan Announced $10 Million worth Share Buyback

Cryptocurrency mining maker company Canaan Creative recently announced a share buyback worth $10 million. The NASDAQ-listed company’s shares were trading at a 78.6% discount from its IPO price. Share buyback program The company announced that it will be repurchasing ordinary shares worth up to $10 million over the course of the next 12 months. The company’s filing with the SEC states, “Under the share repurchase program, the Company may repurchase its ADSs from time to time through open market transactions at prevailing market prices, privately negotiated transactions, block trades, or any combination thereof.” The company noted that it will also…

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