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 is confident that it can attract as much as $100 million through its IPO, according to its SEC F-1 form.
The Nasdaq-listed firm posted revenues of just $204 million for the year, less than half the corresponding figure for 2018.
An investor has launched a lawsuit against Canaan, arguing that it lied to regulators and investors about its operations and financial support.
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, has managed to increase its market share while industry leader Bitmain struggles with supply chain setbacks and internal strife.
Canaan will work alongside Northern Data to pool resources and expertise towards developing on a number of technological and operational fronts.
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
Bitcoin mining equipment manufacturer Canaan Creative has completed its listing to the Nasdaq Global Market, raising $90 million in its initial public offering.
Canaan, the world's second-largest crypto miner producer, intends to raise about $100 million in its U.S. IPO on November 20.
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.