Canaan raises $90M in US IPO

posted 18 days ago
Major Bitcoin mining machine manufacturer Canaan has already raised $90 million after the company priced its US IPO at the bottom of its marketed $100M to $400M range.

The report added that the firm completed a trade for an estimated 10 million American depositary shares for $9/per share. The $90M raised in the IPO is said to put Canaan ahead of its rival Bitmain.
Tags: blockchain, bitcoin, news