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

Source: coinDesk November 11, 2026 · 23:41
Canaan may sell more bitcoin for stock buybacks as mining-rig revenue falls 96%
From the publisher
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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CoinDesk

CoinDesk is an American news site specializing in bitcoin and digital currencies. Founded by Shakil Khan, the firm also provides guides to bitcoin for those new to digital currencies.

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