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200 million dollar move from a mining company!

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Canaan Creative, one of the largest mining companies in the crypto-currency sector, plans to invest 200 million dollars.

A China-based company that manufactures special equipment for Bitcoin mining is stated to apply for a new IPO edit. According to sources such as Ifrasia, the company is opening public plans to invest   $200 million in total. Canaan had a similar plan this past year and had an application in this direction.

The company, which was applying in March of last year, was in Hong Kong, thinking about buying $1 billion in investment. However, the company decided to unshelve this plan shortly, and the application was invalidated in November 2018. The company’s goal this time is considered to be the US market. Bloomberg had a story earlier this year, and Canaan was mentioned to be able to organize an IPO in New York. However, there was not much information about the company’s plan in the news that period.

Canaan’s last few steps are similar to the steps taken by the company’s rival, Bitmain. Bitmain also tried to regulate the IPO in Hong Kong some time ago, failed and immediately followed the arms to arrange a ıPO in the United States.

-OBN

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