China’s Encrypted Currency Mining Hardware Developer Canaan Went Public in NASDAQ

China’s encrypted currency mining hardware developer Canaan went public in NASDAQ on the evening of November 21st Beijing time with a transaction code of CAN. Its price rose by 36% at $12.5 per share. In a hope to raise $90 million, the company set its initial offering price at $9.

Canaan provides super-computing solutions with its proprietary high performance computing ASIC chips. It took up 21.9% of the total computing capacity of Bitcoin minging hardware sold around the global in the first half of 2019, making it the No2 player in the industry second only to BITMAIN .