10:41 AM EST, 12/17/2025 (MT Newswires) -- Canaan (CAN) said Wednesday that its board authorized a renewed $30 million share repurchase program, allowing the company to buy back American depositary shares or class A ordinary shares over the next 12 months beginning Dec. 12.

The company said the renewal signals confidence in its financial strength, stronger Q3 2025 performance, and long-term growth outlook.

The new authorization replaces a six-month buyback that expired in November, under which Canaan repurchased about 6.6 million ADSs for roughly $4.9 million, it added.

Shares of the company were up over 3% in recent Wednesday trading.

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