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Singapore-Based Mining Firm Canaan Shuts Down AI Division to Focus Solely on Bitcoin Mining
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Company Plans Major Investment Push Into Digital Assets Trump Media & Technology Group (TMTG) is reportedly preparing a substantial $3 billion capital raise to fund strategic investments across the cryptocurrency ecosystem, according to a Financial Times report published Monday. Funding Structure and Timeline The proposed financing would consist of two components: $2 billion in fresh equity capital $1 billion through convertible bond issuance Industry sources suggest an official announcement could materialize as early as this week, with the Bitcoin Conference in Las Vegas serving as the likely venue for the disclosure. The high-profile event features several Trump administration officials as keynote speakers, including Vice President JD Vance, White House cryptocurrency advisor David Sacks, and Trump family members Eric and Donald Trump Jr.
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