Canaan Creative's board of directors recently approved a new share repurchase plan. Starting from December 12th of this year, the company may choose to repurchase up to $30 million worth of American Depositary Shares or A-shares in the market over the next year. This kind of operation is not new among listed mining companies, but the signals it releases are worth pondering — generally speaking, large-scale buybacks often indicate that management is optimistic about the company's prospects and believes the current valuation is undervalued. As a leading domestic manufacturer of mining chips and mining machines, Canaan's move may imply confidence in the Bitcoin ecosystem and its own business growth. Of course, this is also a routine operation to stabilize stock prices and protect the interests of small shareholders.