Bitcoin miner maker Canaan files for US IPO to raise $200 million – Report

Yogita Khatri

Wed, Jul 31, 2019, 2:52 AM

Canaan Creative, one of the biggest manufacturers of bitcoin miners in China, has reportedly filed an application for an initial public offering (IPO) in the U.S.

The news was reported Wednesday by an IPO-focused blog on the WeChat messaging platform, using an official account named “IPO Zao Zhi Dao,” saying that Canaan has “secretly” submitted the application with the U.S. Securities and Exchange Commission (SEC).

Earlier this year, there were reports that Canaan, manufacturer of the Avalon bitcoin miners, was considering an IPO in New York, although the process was still in its early stages at the time.

Recently, Canaan’s shareholders were also reportedly considering listing the company on Science and Technology (Sci-Tech) Innovation Board within the Shanghai Stock Exchange.

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Bitcoin miner maker Canaan files for US IPO to raise $200 million – Report

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