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GUSD Minting
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Canaan Technology Chairman and CEO Zhang Nangen and CFO Cheng Jin purchased a total of 1,456,547 American Depositary Shares (ADS) in the open market at an average price of $0.51 per share. The two executives stated that this purchase reflects their strong confidence in the company's long-term vision and believe that the company's current market valuation does not fully reflect its technological strength and growth potential.