$Canaan Inc.(CAN)$ Canaan Inc. (NASDAQ:CAN), currently trading at $0.71 per share with a market capitalization of $351 million, has partnered with Luxor Technology Corporation to provide financing solutions for customers purchasing Avalon bitcoin mining machines, according to a press release issued Monday. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt, positioning it well for this strategic initiative.
The partnership has already facilitated the sale of more than 5,000 Avalon A15 Pro bitcoin mining machines in August to a U.S.-based institutional bitcoin miner. - Investing.com
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