Blockchain CyberWarfare / ExoWarfare

Bitcoin Mining Manufacturer Canaan Confirms $1 Bln IPO Filing, Backed by Major Banks

Chinese Bitcoin mining hardware manufacturer Canaan Creative plans to start trading of its IPO as soon as July, Bloomberg reports May 16.

Canaan, which confirmed rumors it was planning an IPO with a filing this week, will likely create the largest Bitcoin-focused offering yet seen when it debuts on the Hong Kong stock exchange.

Citing anonymous sources, Bloomberg added that while the filing did not mention a specific fundraising target, the figure “could” circle $1bln – a figure which had previously appeared earlier this month.

The move would create further competition for mining stalwart Bitmain, with Canaan currently already controlling around 15% of the Bitcoin chips and hardware equipment market.

In an interview with Reuters last month, meanwhile, co-chairman Jianping Kong said the numbers were equal to “a quarter of the world’s bitcoin blockchain computing power.”

Major IPO backers appearing on the filing are Morgan Stanley, Deutsche Bank AG, Credit Suisse Group AG and CMB International Capital Ltd.

Canaan has yet to issue a public statement about the move, declining comment after a request from Reuters Tuesday.

 

from: https://cointelegraph.com/news/bitcoin-mining-manufacturer-canaan-confirms-ipo-filing-backed-by-major-banks

 

Canaan Creative is located in the northwest area of Beijing outside the 5th Ring road in the Silicon Valley Bright City, roughly 45-90 minutes from the airport depending on traffic. https://canaan.io/canaan-location/  — products shipped from mainland China through air freight.

Canaan Location

 

By continuing to use this site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close