Layer1 accused of mischaracterizing people’s involvement in fundraising pitch: report
Layer1 is reported to have exaggerated the role Liu Xiangfu plays within the company during the recent version for its Series A fundraising deck.
Latest Canaan Creative News
Silicon chipmaker TSMC eyes $12B US factory
TSMC, one of the largest semi-conductor manufacturers has announced plans to build a factory in Arizona. TSMC supplies chips to many mining equipment makers.
Ebang follows through with plans for US-based IPO
Ebang is confident that it can attract as much as $100 million through its IPO, according to its SEC F-1 form.
Canaan Creative reports $148.6M net loss for 2019
The Nasdaq-listed firm posted revenues of just $204 million for the year, less than half the corresponding figure for 2018.
Canaan Creative faces class-action lawsuit in US
An investor has launched a lawsuit against Canaan, arguing that it lied to regulators and investors about its operations and financial support.
Canaan misrepresented 2020 potential revenue?
The Nasdaq listed mining firm is accused of using a deal with a company it knows is unable to meet the purchase price to inflate revenue numbers.
MicroBT market share rises as Bitmain’s struggles continues
MicroBT, has managed to increase its market share while industry leader Bitmain struggles with supply chain setbacks and internal strife.
Canaan Creative enters strategic partnership with Northern Data
Canaan will work alongside Northern Data to pool resources and expertise towards developing on a number of technological and operational fronts.
Crypto miner maker Ebang to file for US IPO
Ebang is following in the footsteps of Bitmain and Canaan and is set to file for an IPO in the U.S. The valuation of the company is yet to be revealed
Crypto miner Canaan falls short of $400M target in US IPO
Bitcoin mining equipment manufacturer Canaan Creative has completed its listing to the Nasdaq Global Market, raising $90 million in its initial public offering.
Bitmain rival Canaan seeks up to $100 million through its IPO
Canaan, the world's second-largest crypto miner producer, intends to raise about $100 million in its U.S. IPO on November 20.
Crypto miner Canaan revenues top $100M as IPO looms
Canaan has earned profits in the order of 94 million yuan in Q3, equivalent to around $13 million; however, it remains in the red for 2019 after weak trading earlier in the year.