“Secret” filing of an IPO application by Canaan Creative

A Chinese firm called Canaan Creative is one of the largest manufacturers of mining devices designed to mine digital currencies. This company has secretly applied for an IPO in the United States of America. Recently, an official source has reported that Avalon, the largest Chinese manufacturer specializing in the production of Asic miners, has filed an application with the United States Securities and Exchange Commission (SEC). It is worth noting that in March of this year, the Chinese firm Canaan was able to raise an incredibly large amount of money in another round of financing, bringing its total capitalization to more than one billion dollars. A few weeks after this event, the first news emerged that Canaan Creative was going to file for an IPO. This is to take place on the Shanghai Stock Exchange, and according to all reports, the company is likely to be listed in the category of scientific and technical enterprises. Earlier, the company’s specialists had already considered an IPO in New York, but at that time, activities in this area were just beginning. In May 2018. Canaan Creative filed an application for an IPO on the Hong Kong Stock Exchange, but it was never considered. The same fate befell Bitmain and Ebang, manufacturers of mining equipment for the extraction of digital currencies.