Bitcoin mining chip maker Canaan considers US IPO

posted 5 months ago
Canaan Inc., China’s second-biggest maker of Bitcoin mining hardware, is considering listing in the US after shelving plans for a Hong Kong initial public offering, people with knowledge of the matter said.

The Chinese company, which was earlier targeting to raise about $1 billion, is discussing the possibility of selling shares in New York. Deliberations are at an early stage, and there’s no certainty they will lead to a transaction, the people said, asking not to be identified because the information is private.
Tags: blockchain, bitcoin, news