Bitcoin

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Following the successful raising of $125 million through preferred stock offerings, <a href="https://ultramining.com/news/en/canaan-s-revenue-drops-by-72/" rel="noopener noreferrer nofollow">Canaan</a> has announced plans to expand its operations in the U.S.. The company intends to invest in proprietary mining centers and Bitcoin <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/" rel="noopener noreferrer nofollow">mining equipment</a> manufacturing.
As part of its strategy, Canaan aims to increase its presence in the North American market to capitalize on the anticipated Bitcoin growth. The expansion will allow the company to reduce dependence on Asian markets and benefit from the stable U.S. regulatory environment.
The investments are expected to help Canaan increase its share in the global mining equipment market, where competition is intensifying.

Canaan Plans U.S. Mining and Manufacturing Expansion with $125 Million Raised

Ultramining_Eng

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