Canaan Shares Rise After Halting of ATM Offering Program

Dow Jones

10/31

By Chris Wack

Canaan shares were 14% higher, at $1.41, after the company said it was halting its current at-the-market offering program.

The company established a new ATM equity offering program on Oct. 24, to replace the previous program, which had expired.

Following the renewal, Canaan sold a total of 4.8 million American depositary shares through the ATM program at a combined average price of $1.61 per ADS, resulting in total proceeds of $7.8 million.

The company said it has ceased any further sales under the program, and doesn't plan to sell additional shares through the ATM for the remainder of 2025. It may resume active sales in 2026, depending its cash requirements, market conditions and other relevant factors.

Canaan said its cash position remains solid, supported by continued business momentum. As of Sept. 30, Canaan held a cryptocurrency treasury of 1,582 bitcoins and 2,830 ethereum.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

October 31, 2025 10:51 ET (14:51 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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It may resume active sales in 2026, depending its cash requirements, market conditions and other relevant factors. \n</p>\n<p>\n  Canaan said its cash position remains solid, supported by continued business momentum. As of Sept. 30, Canaan held a cryptocurrency treasury of 1,582 bitcoins and 2,830 ethereum. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2025 10:51 ET (14:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canaan Shares Rise After Halting of ATM Offering Program</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanaan Shares Rise After Halting of ATM Offering Program\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-10-31 22:51</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Canaan shares were 14% higher, at $1.41, after the company said it was halting its current at-the-market offering program. \n</p>\n<p>\n  The company established a new ATM equity offering program on Oct. 24, to replace the previous program, which had expired. \n</p>\n<p>\n  Following the renewal, Canaan sold a total of 4.8 million American depositary shares through the ATM program at a combined average price of $1.61 per ADS, resulting in total proceeds of $7.8 million. \n</p>\n<p>\n  The company said it has ceased any further sales under the program, and doesn't plan to sell additional shares through the ATM for the remainder of 2025. It may resume active sales in 2026, depending its cash requirements, market conditions and other relevant factors. \n</p>\n<p>\n  Canaan said its cash position remains solid, supported by continued business momentum. As of Sept. 30, Canaan held a cryptocurrency treasury of 1,582 bitcoins and 2,830 ethereum. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2025 10:51 ET (14:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4600","symbol_name":"加密貨幣概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2579953984","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579953984","pubTimestamp":1761922260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Canaan shares were 14% higher, at $1.41, after the company said it was halting its current at-the-market offering program.The company established a new ATM equity offering program on Oct. 24, to replace the previous program, which had expired.Following the renewal, Canaan sold a total of 4.8 million American depositary shares through the ATM program at a combined average price of $1.61 per ADS, resulting in total proceeds of $7.8 million.The company said it has ceased any further sales under the program, and doesn't plan to sell additional shares through the ATM for the remainder of 2025. 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