The Avalon maker has launched a $20 million repurchase program, while most of its bitcoin holdings were pledged or placed in a fixed-term product at September’s end.
Canaan may sell more bitcoin for stock buybacks as mining-rig revenue falls 96%
CO
CoinDeskBy Shaurya Malwa
EXECUTIVE SUMMARY
The Avalon maker has launched a $20 million repurchase program, while most of its bitcoin holdings were pledged or placed in a fixed-term product at September’s end.
Key Takeaways
- Canaan may sell more bitcoin for stock buybacks as mining-rig revenue falls 96%.
- The Avalon maker has launched a $20 million repurchase program, while most of its bitcoin holdings were pledged or placed in a fixed-term product at September’s end.
- The Avalon maker has launched a $20 million repurchase program, while most of its bitcoin holdings were pledged or placed in a fixed-term product at September’s end.
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