Bitcoin (BTC) mining rig manufacturer, Canaan Inc has raised $50 million in a new funding round by selling preferred shares. The company disclosed the development in a recent filing at the Securities and Exchange Commission (SEC) stating that funds raised will be deployed to expand research, innovation, and production capacity. The $50 million raised came The post Bitcoin Mining Rig Maker Canaan Secures $50 Million In Preferred Shares Sale appeared first on Cryptonews .
