Canaan Technology announced that it has entered into a securities purchase agreement with an institutional investor to provide total proceeds of up to $200 million through the A-1 Series preference share financing. The first payment of the preference share financing was completed on March 10, 2025, and the first payment of $100 million has been received. It is expected to receive an additional $100 million related to the second payment in the near future, subject to certain terms and conditions.