China’s Bitcoin Mining Hardware Provider Canaan Plans to Get Listed in the US with IPO

As per news outlet, Bloomberg, one of China’s largest bitcoin-mining related hardware provider, Canaan supposedly has plans for an initial public offering (IPO). Said news has been shared by an unnamed individual close to the firm.

Further details regarding possible measures in relation to the IPO have also been disclosed. In particular, the unnamed source has indicated that Canaan plans to sell their shares in NASDAQ, however any other moves are too soon to share, as the firm still remains in its beginning stages. Interestingly, Canaan’s Hong Kong listing has since been expired, which leaves doors open for assumptions since the co-chairman also refused to comment on the matters.

Canaan isn’t the only one to have made such a move, as Bitmain and Ebang – both of whom specialize in bitcoin-mining related essentials – have also filed for Hong Kong IPOs sometime last year amidst the lack of interest from investors. Another news outlet, Coin Telegraph has also reported on this matter, and has since noted that Bitmain’s IPO endeavor has failed, “due to reluctance from Hong Kong’s stock market regulator.”

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