Canaan Inc. Executives Increase Stake with 1.46 Million ADS Purchase

2026-03-03 22:37

Canaan Inc., a leading Bitcoin mining hardware manufacturer, announced that its Chairman and CEO, Zhang Nangeng, along with CFO Cheng Jin, have recently increased their holdings in the company by purchasing 1,456,547 American Depositary Shares (ADS) on the open market. The shares were acquired at an average price of $0.51 each. The company stated that this transaction complies with internal trading policies and securities regulations, reflecting the management's confidence in Canaan's long-term strategy and growth prospects. Previously, Zhang Nangeng filed an updated Schedule 13G on February 13.

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