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United States · Macro, forex & crypto · CoinDesk

Canaan may sell more bitcoin for stock buybacks as mining-rig revenue falls 96%

Published by CoinDesk · United States 57 min ago
Canaan may sell more bitcoin for stock buybacks as mining-rig revenue falls 96%
CoinDesk

Detailed 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.

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