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Bitmain's Biggest Rival Canaan Creative Set To Go Public Nov. 20

Janelle Fox

Summary: Canaan Creative, the Bitcoin miner manufacturer, will be listed on the Nasdaq Nov. 20, according to The Block. Canaan Creative filed for U.S. initial public offering (IPO) on Oct. 28 with Citi Group, Credit Suisse, Galaxy Digital, and four other firms as underwriters. It appears that Canaan is looking to raise $400 million from the ...

Canaan Creative, the Bitcoin miner manufacturer, will be listed on the Nasdaq Nov. 20, according to The Block.

Canaan Creative filed for U.S. initial public offering (IPO) on Oct. 28 with Citi Group, Credit Suisse, Galaxy Digital, and four other firms as underwriters. It appears that Canaan is looking to raise $400 million from the IPO, however it was not made clear what price range the firm will list their shares for.

Canaan Creative is One of the largest miner manufacturers and is Bitmain’s biggest rival.

By Janelle Fox

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Link: Bitmain's Biggest Rival Canaan Creative Set To Go Public Nov. 20   [Copy]
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