Canaan Inc. Announces $30 Million Share Buyback Program

2025-12-17 22:29

Canaan Inc. has announced that its board of directors has approved a new share buyback program, allowing the company to repurchase up to $30 million worth of American Depositary Shares (ADS) or Class A ordinary shares over the next 12 months, starting December 12, 2025. The buyback will be conducted through open market or private transactions, funded by existing cash reserves. This follows the expiration of a previous six-month buyback program of the same size, during which the company repurchased approximately $4.9 million in ADS.

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