Chinese mining giant Canaan announces $10 million share buyback

Cointelegraph

Published Sep 08, 2020 09:51AM ET

Updated Sep 08, 2020 12:20PM ET

Canaan, China’s major cryptocurrency mining company, will soon launch a $10 million share repurchase program.

On Sept. 8, the Nasdaq-listed company officially announced that its board of directors has authorized a share repurchase program to repurchase up to $10 million worth of its American depositary shares, or ADSs.

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