🚀 Canaan Inc. Announces New $30 Million Stock Buyback Plan
#CanaanInc #stockbuyback #Bitcoinmining #Nasdaq #ADS #repurchaseplan #AmericanDepositaryShares #ClassAshares #BTC
According to Odaily, Nasdaq-listed Bitcoin mining company Canaan Inc. has announced that its board of directors has approved a new stock repurchase plan. The company is authorized to buy back up to $30 million worth of its issued American Depositary Shares (ADS) over the next 12 months. Each ADS represents 15 Class A ordinary shares. Previously, Canaan Inc. had implemented a stock repurchase plan that has now expired, during which it repurchased a total of 6,586,413 ADS, amounting to approximately $4.9 million.#CanaanInc #stockbuyback #Bitcoinmining #Nasdaq #ADS #repurchaseplan #AmericanDepositaryShares #ClassAshares #BTC