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.
After months of speculation, Chinese crypto miner manufacturer Canaan Creative has officially filed to list on the Nasdaq stock exchange.
Canaan Creative has reportedly filed a confidential application for initial public offering (IPO) in the United States.
A listed construction firm in China has been exposed as operating a secret crypto mining business, after it was reportedly sold at a heavy discount after substantial losses.
The firm behind the Avalon processor, Canaan Creative is said to be discussing the matter with shareholders in light of a plan to list on the Shanghai Stock Exchange, according to reports.
Chinese crypto mining giant Canaan Creative has secured investment running to hundreds of millions, according to local press reports, in the latest positive sign for the recuperating crypto mining sector.
Internal disagreements have reportedly sent Xiangfu Liu, one of the three founders of Bitmain’s crypto mining rival Canaan Creative, packing.