Bitcoin Mining Equipment Giant Canaan Fails to Raise USD 100 Million

Cryptonews The second largest producer of Bitcoin mining equipment, China-based Canaan, has finally completed its initial public offering (IPO) after the third attempt, raising less than estimated. While many have estimated that the company will raise USD 100 million at a USD 1.6 billion market capitalization, Canaan raised USD 90 million after pricing its U.S. IPO at the bottom of November 21, 2019 at 09:41AM By Crypto News