Bloomberg: Canaan Creative Considers USA For IPO
Chinese Bitcoin mining hardware manufacturer Canaan Creative is considering a new initial public offering (IPO) in New York, Bloomberg reported on January 8, quoting anonymous sources.
The Beijing-based company, which was earlier targeting to raise about US$1 billion, is discussing the possibility of selling shares in New York as soon as the first half of this year, according to the people.
It is worth reminding that Beijing-based Canaan, founded in 2013, sells computer equipment under the “Avalon” brand with high power customized chips that are used by crypto miners to mine digital coins by solving complex numerical problems.
Late last year, reports indicated that regulators in Hong Kong were not enthusiastic about approving Bitmain’s IPO before a regulatory framework for cryptocurrency businesses had been put in place.