Published on May 17th, 2018 | by bitcoin0
Bitcoin Mining Manufacturer, Cannan Gets Hong Kong Exchange IPO
Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, has officially submitted a listing application to Asia’s third-largest equities market – the Hong Kong stock exchange.
The filing did not specify the amount Canaan will try to raise in the public offering but it is widely expected to be around $1 billion.
Canaan to HK
The Hong Kong market wasn’t the company’s only possible avenue for listing.
Canaan might use its chip development know-how and capabilities to create an unexpected new lineup of products.
Should all stock investors add an ASIC producer to their portfolio to get exposure to the bitcoin market?