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Mining Machine Maker Canaan Rises 20% as Bitcoin Reaches a New All-Time High

Nasdaq-listed cryptocurrency mining machine maker Canaan Creative (CAN) has rocketed 27% Tuesday morning as bitcoin hit a new all-time high, the CoinDesk reported. Canaan is currently trading at $16.55, up from its Friday close of $13.04, according to TradingView. The company has gained nearly 250% month-to-date outpacing the rise in the cryptocurrency its machines mine. […]

Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US

Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States.  On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise $400 million, while planning to be listed on the Nasdaq under the ticker CAN. Canaan reportedly filed a $200 million […]