Canaan Mining, one of the leading producers of specialized Bitcoin (BTC) mining equipment, has filed documents for a November 20 IPO on NASDAQ. The company will trade under the ticker CAN, and will seek $400 million. The decision to try a US-based listing arrives after Canaan decided against a Hong Kong listing and IPO last year.
Previously, Canaan has relied on private placements, potentially valuing the company at “billions of dollars”.
Canaan Mining succeeded where its chief competitor Bitmain was met with difficulties. The company posted robust earnings for its ...