Mining Giant Canaan Files for IPO in the U.S.
Main page News, US, Mining, IPO

Canaan Creative, one of the largest manufactures of crypto mining devices in China, has allegedly applied to go public in the U.S., a WeChat IPO-focused blog reports.

The mining hardware maker has secretly filed an IPO application with the U.S. Securities and Exchange Commission (SEC).

The company wants to raise about $200M during its IPO.

Earlier this year there were some rumors suggesting that the company could be considering the possibility of going public in New York, however, these rumors were not confirmed.

Ihodl reported back in November last year that the mining giant had also filed an application to go public on the Hong Kong Stock Exchange, however, the application expired in November and was not renewed by the company.

Bitmain and Ebang, Canaan's main rivals in the mining industry, have also submitted their own applications to debut on the Hong Kong Stock Exchange, however, none of them has been approved yet, while last month we reported that Ebang had not renewed its application either.

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