Hong Kong Stock Exchange CEO Casts Doubt on Crypto Miner IPO Filings
The CEO of the Hong Kong Stock Exchange has seemingly questioned the IPO viability of crypto mining companies in new comments.
Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock offering.
Avalon bitcoin miner maker Canaan Creative has just formally filed for a $400 million US IPO.
The shortage of new mining machines caused by the coronavirus outbreak could curb computing power growth from Chinese miners who contribute over 65% of Bitcoin’s hash power.
Canaan Creative, the major bitcoin miner manufacturer, has confidentially filed for an IPO in the U.S., say IFRAsia sources.
Canaan Creative, manufacturer of the Avalon bitcoin miner, is considering another attempt to go public, sources say.