[Canaan Plans to Raise $72 Million to Expand North American Data Centers and Mining Machine Capacity] Cryptocurrency mining machine manufacturer Canaan (NASDAQ: CAN) announced that it will issue approximately 63.66 million American Depositary Shares (ADS) to specific investors through a registered direct offering at a price of $1.131 per share, with a total fundraising amount of approximately $72 million. The offering is expected to be completed on November 6, 2025. The funds will be used for the acquisition and construction of North American data centers, expansion of Bitcoin mining machine capacity, support for digital mining farm deployment and mining machine sales, as well as research and development and other corporate purposes.