Bitcoin Miner Canaan’s IPO Likely Delayed After Hong Kong Filing Expires
Canaan Creative's IPO may be in doubt as the bitcoin mining firm's filing with the Hong Kong Stock Exchange has now lapsed.
Canaan, the world's second-largest bitcoin miner maker, has posted $13 million Q3 profit in its latest US IPO filing update.
Canaan Creative, the maker of Avalon miners, has closed a significant funding round, valuing the firm at over $1 billion, according to a report.
Canaan, the world's second-largest bitcoin miner maker, is aiming to raise $100 million with its initial public offering.
Xiangfu Liu has left the board and management team of Canaan Creative, maker of the Avalon crypto miner.
Bitcoin miner maker Canaan Creative has revealed it is temporarily cutting prices to "celebrate" bitcoin's recent price rise.