Canaan Creative - AllStocks Network

Over 40% Decline in Canaan’s Stock Price due to Stagnant Bitcoin Price

Posted on December 15, 2019December 15, 2019 by Rehan Yousaf

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…

Crypto Mining Giant Canaan Raises $90M in IPO, Trading at Bottom Price Range

Posted on November 23, 2019November 23, 2019 by Rehan Yousaf

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…

Crypto Mining Manufacturer Canaan Sets IPO Share at $9-$11; Seeks to Raise $100M

Posted on November 14, 2019November 14, 2019 by Rehan Yousaf

Crypto mining manufacturer Canaan Creative announced that it would endeavor to raise $100 million through its initial public offering (IPO) on the Nasdaq. According a report published by Renaissance Capital, Canaan seeks to distribute 10 million equity shares at a price between $9 and $11. Canaan creative is a cryptocurrency mining manufacturer based in Hangzhou, China. Recently, it approached U.S. Securities and Exchange Commission (SEC) to update its IPO application. Officials at Canaan are hopeful…

Bitcoin Mining Manufacturer Canaan Creative Files to List on Nasdaq

Posted on October 31, 2019November 14, 2019 by Rehan Yousaf

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…

Crypto Mining Manufacturer Canaan Creative Files for US Initial Public Offering

Posted on August 1, 2019November 14, 2019 by Rehan Yousaf

The world’s second-largest manufacturer of crypto mining machines, Canaan Creative, has secretly filed for an Initial Public Offering (IPO) with the U.S. Securities and Exchange Commission (SEC), with the goal of raising $200 million. Canaan Creative has become China’s first major manufacturer of Bitcoin mining machines to file for an IPO in the United States. Canaan Creative is a manufacturer of cryptocurrency mining machines based in China. It produces blockchain servers and designs ASIC microprocessor…

Bitcoin Hardware Company Canaan Considers Filing for IPO in the US

Posted on January 8, 2019November 14, 2019 by Jodie Lauren Smith

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…