Canaan secures new financing as revenue falls 55% in Q3

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Despite a downturn in its bottom line, the company has secured a deal with an institutional investor to potentially raise $125 million in capital.

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Canaan secures new financing as revenue falls 55% in Q3

Despite a downturn in its bottom line, the company has secured a deal with an institutional investor to potentially raise $125 million in capital.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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