Ebang went public on a United States stock exchange at a time when U.S. sentiment around Chinese companies is at an all-time low.
Like Canaan, which raised $90 million in its 2019 public listing, Ebang feels the U.S. market offers them the best chance for expansion.
Canaan has filed an S-8, a form the U.S. SEC requires companies to file if they are looking to issue equity to their employees.
Nasdaq will be making it more difficult for foreign companies, including blockchain firms, to list on its exchange.
The U.S. Senate took steps toward forcing Chinese companies to adhere to transparency rules or risk losing access to U.S. stock exchanges.
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.
The digital currency mining equipment company has until May 4 to state who will represent it in court.
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.
Bitmain's Director of Sales, Fan Xiao Jun, has said that T17 and S17 production capacities are presently producing at a "very limited capacity.".