CoinDesk reports that Canaan Creative, the maker of Avalon mining rigs, may sell more bitcoin to fund a $20 million stock buyback program. This decision comes as the company faces a staggering 96% decline in mining-rig revenue. As of the end of September, most of Canaan's bitcoin holdings were either pledged or invested in a fixed-term product, limiting liquidity.
Based on the CoinDesk report; not independently verified.
Source published: Thu, 12 Nov 2026 07:41:18 +0000
[Read the original report](https://www.coindesk.com/markets/2026/11/12/canaan-may-sell-more-bitcoin-for-stock-buybacks-as-mining-rig-revenue-falls-96)
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