#Canaan News

Bitcoin Riding his bull with sword pointed toward the sun

Analysts Claim Indirect Investment in Cryptocurrency and Blockchain helps Manage Massive Risks

December 9, 2019 by Ashwath Balakrishnan at Bitcoin

There has been an extra amount of negative sentiment directed towards cryptocurrencies in the last few weeks as Bitcoin slowly winded down from $8500 to $6800 over the course of a month. Many wealth managers believe it is better to gain exposure to this space by investing in publicly listed...

China’s Second-Biggest Bitcoin Mining Equipment Manufacturer Raises $90M in U.S. IPO

November 21, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

China-based bitcoin mining equipment maker, Canaan Creative raised $90 million in its U.S. Initial Public Offering (IPO), after selling the IPO shares at the bottom of its marketed range, reports Bloomberg on November 21, 2019. Canaan Creative Raises $90 Million at IPO Per the report, Canaan Creative was able to...

Bitmain Leadership Crisis Deepens as Ousted Co-founder Threatens Legal Action

Upheaval at Bitcoin Mining Giant Bitman sees Jihan Wu Return to the Helm

October 29, 2019 by Anthonia Isichei at Bitcoin

Bitcoin mining giant Bitmain is once again reportedly undergoing an upheaval within its upper hierarchy. Bitmain’s ex-figurehead Jihan Wu seems to be calling the shots, dismissing co-founder Micree Zhan. The news of the organizational restructuring at Bitmain comes as mining rival Canaan is moving forward with its U.S. IPO. Micree...

Bitcoin Mining Behemoth Canaan Creative Moves Ahead with $400M U.S. IPO

October 29, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Canaan Creative, the world’s second-largest Bitcoin mining machine manufacturer after Bitmain, has filed for a $400 million initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). If all goes as planned, Canaan’s shares will be listed on the NASDAQ Stock Exchange with the ticker symbol CAN,...

Canaan Post Box with American Post Stamp

Bitcoin Mining Giant Canaan Looking into a U.S. IPO

January 9, 2019 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, Investment, News

Canaan, the second-biggest maker of Bitcoin mining hardware in China, is considering listing in the U.S. after shelving plans for a Hong Kong initial public offering, Bloomberg reported on January 8, 2019. Listing in the U.S. after Abandoning Hong Kong IPO China's second-biggest manufacturer of Bitcoin mining hardware is reportedly...

Troubled Waters as Leading Bitcoin Mining Firm Allows IPO Application Elapse

November 16, 2018 by Rahul Nambiampurath at Business, Finance, Mining, News

One of the world’s largest crypto mining firms, Canaan Inc, has announced its application for an initial product offering (IPO) to the Stock Exchange of Hong Kong (HKEX) lapse. The move has also cast a shadow of doubt on what lies in stock for other cryptocurrency equipment makers: Will there...

Fancy a TV That Mines Bitcoin? Canaan just Launched one

August 3, 2018 by Priyeshu Garg at Bitcoin, Mining, News

The world's second largest maker of bitcoin mining equipment, Canaan Creative, has launched the first ever bitcoin mining television set. As reported in the South China Morning Post on August 2, 2018, the launch comes as part of a push to build a new generation of smart, connected devices that...

Bitcoin Mining Chip Maker Canaan to List in Hong Kong

May 14, 2018 by Rahul Nambiampurath at Bitcoin, Business, Finance, Mining, News, Tech

Hangzhou based Canaan Creative, the second largest Bitcoin mining hardware manufacturer in China is reportedly considering to bring its IPO to the Stock Exchange of Hong Kong instead of the New York Stock exchange in the US. The South China Morning Post reported that the company, founded by N.G. Zhang...