Bitcoin, News

Chinese bitcoin mining hardware maker Canaan Creative plans $1 billion IPO in Hong Kong

China’s 2nd largest Bitcoin mining hardware maker Canaan Creative is planning to raise US$1 billion in a Hong Kong IPO. If successful, it would become the first blockchain company listed on the Hong Kong Stock Exchange. The news was reported by South China Morning Post (SCMP) May 9. Canaan had previously said it was considering both Hong Kong and the US for a share sale. A final decision has not been made and things can still change, according to the news report. Canaan declined to comment on its listing plans.

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