Canaan Creative

Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO

Canaan, the world’s second largest bitcoin miner maker, intends to raise about $100 million in its initial public offering (IPO) in the U.S. The Hangzhou, China-based manufacturer of the Avalon bitcoin miners updates its IPO application with the U.S. Securities and Exchange Commission on Nov. 13. It’s aiming to offer 10 million American depositary shares (ADS) with …

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Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing

Canaan Creative, the world’s second-largest bitcoin miner maker, has made 94 million yuan, or about $13 million, in net profit for Q3 2019, following bitcoin price’s bull run since April this year. The company revealed in an updated filing of its initial public offering (IPO) application in the US on Wednesday that it has been able …

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Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq

<header class=”article__header”> </header> <strong>Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters.</strong> Also read: …

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4 New High-Powered Bitcoin Miners Revealed

<header class=”article__header”> </header> <strong>Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month.</strong> Also Read: Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding Bitmain and Canaan …

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Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners

<strong>On March 29, the two largest mining rig manufacturers, Canaan Creative and Bitmain Technologies, announced the sale of their next generation devices that process the SHA-256 algorithm. Both firms are gearing up to sell the new products this spring as a slew of mining operations have been prepping up new facilities in order to take …

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Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding

<strong>The sustained bear market has hit cryptocurrency miners hard and stalled the incredible growth experienced by hardware manufacturers that service the industry. It seems that investors are still willing to pour significant money into the business, however, judging by Canaan Creative’s latest raise.</strong> Also Read: In the Daily: Amun Funding, Coinsource ATM, Etoro Wallet Canaan …

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Bitcoin Mining Firm Canaan Raises Funds in ‘Hundred Million Dollars’

Canaan Creative, the maker of Avalon miners and one of the biggest cryptocurrency mining equipment manufacturers in China, has closed a new funding round. Securities Times, a Chinese financial news publication, reported on Monday that the company has raised “several hundred million U.S. dollars” in a new funding round, which will value the firm at …

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Co-Founder Quits Avalon Mining Chip Maker Canaan Over ‘Differences’

One of the three co-founders of Canaan Creative, maker of the Avalon cryptocurrency mining equipment, has stepped down from the Chinese company’s leadership. According to government business registration data updated on Jan. 30, Xiangfu Liu will no longer serve as a board member at the Hangzhou-based Canaan Creative – a role he had served since …

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