Canaan Inc. Announces New Share Buyback Plan for 30 Million Dollars
According to Odaily, the Bitcoin mining company Canaan Inc., listed on Nasdaq, has announced that its board of directors has approved a new share buyback plan. The company is allowed to repurchase shares up to a total of 30 million US dollars under its American Depositary Shares (ADS) issued over the next 12 months. Each ADS represents 15 common shares of Class A. Previously, Canaan Inc. executed a share buyback plan that has now ended, during which it repurchased a total of 6,586,413 ADS for approximately 4.9 million dollars.
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