Leading mining company Canaan Creative's board of directors recently approved a significant buyback plan. According to the announcement, over the next 12 months starting from December 12, 2025, the company will be able to repurchase up to $30 million worth of American Depositary Shares or Class A common stock.

How will this buyback be executed? The company stated that it will be carried out flexibly through various methods such as open market transactions or private negotiations, with funds directly drawn from existing cash reserves, requiring no additional financing. This indicates that the company remains confident in its cash flow — after all, in the crypto mining industry, which is highly dependent on external factors, being able to allocate this amount for a buyback truly reflects an optimistic outlook for the future.

Share repurchases are generally viewed by investors as a positive signal, as they can increase earnings per share for existing shareholders and also demonstrate management’s support for the stock price. In the current volatile market for digital assets like Bitcoin, such actions often attract market attention.