Canaan raises $72M from Galaxy, Weiss & Brevan Howard
Bitcoin mining hardware maker Canaan has raised $72 million from Galaxy Digital, Weiss Asset Management, and Brevan Howard Digital.
The funding aims to boost its balance sheet and expand U.S. operations — now representing nearly 38% of global hashrate.
Institutional capital seems to be flowing back into Bitcoin mining, hinting at renewed confidence post-halving.
💬 Is this the start of a new institutional mining cycle?
BTC
104,386
-1.96%
ETH
3,559.4
-1.66%
ZEC
493.62
-22.56%
