Canaan Creative

In a flip flop scenario, the China-based crypto mining hardware manufacturer Canaan Creative has suffered a sharp decline in its stock price amid a consistent wave of pressure on the price of Bitcoin. On November 21, the first day the company began being traded on the NASDAQ, Canaan’s stock was priced at almost $9; however, the stock’s closing price on December was at around $5.24. Hence, in only a few weeks span, the price of…

Canaan Creative, computer hardware manufacturer specialized in crypto mining hardware, priced its Nasdaq initial public offering (IPO) at the lowest of its marketed range, and was able to raise $90 million. On Wednesday, the developer of Bitcoin(BTC)trade mining machines based in Hangzhou, China, crossed the 10 million mark in sales of American depository shares that went up for $9 per share (CAN). In the market, the shares offers ranged from $9 to $11, as the…

One of China’s largest crypto mining hardware manufacturers, Canaan Creative, has filed to list on the Nasdaq on Monday. The Nasdaq is an electronic exchange where stocks are traded through a digital platform instead of a trading floor. Canaan Creative is set to raise $400 million as it aspires to get listed after previously having failed twice in both China and Hong Kong, marking this as the company’s third initial public offering (IPO) attempt. Canaan…

Rumors originating from sources close to the issue claim that Canaan Inc is considering an initial public offering (IPO) in the U.S. Canaan Inc is a computer hardware manufacturer based in Beijing, China which produces application specific integrated circuits used in Bitcoin mining. In November it was reported that Canaan Inc let their application for a Hong Kong initial public offering (IPO) lapse. The application was filed six months prior; however, it was rumored that…