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Crypto & Fintech

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

CoinDesk (Crypto & Fintech) · Nov 12, 2026 — 13:41 · 1 views · Original article ↗
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.

This is a summary of the story. Read the full article at CoinDesk (Crypto & Fintech) ↗

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