With this investment, Canaan is now valued at over $1 billion. Cannan is looking to undergo the IPO process again in New York in Q2 2019. Canaan Creative, one of the biggest crypto mining equipment manufacturers in China, has raised “several hundred million U.S. dollars” in a new funding round. Chinese financial news publication, Securities Times, reported that the company, known for its Avalon line of mining devices, is now valued at over $1 billion, saying: “This is great news for Canaan as their attempt at clinching an initial public offering (IPO) in Hong Kong failed a few months ago in November.” Reports have subsequently emerged that Canaan could undergo the process again in New York in Q2 2019. This news has come at a time when the hype around mining has cooled down considerably. Their main competitor Bitmain had suffered losses of $500 million in Q3 2018 based on financial reports. Another Bitcoin miner manufacturer, Ebang Communications, reported: “significant decreases in revenue and gross profit” for Q3 2018. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/NZD Technical Analysis: Descending trendlines dominate, 1.0300 grabs immediate attention FX Street 4 years With this investment, Canaan is now valued at over $1 billion. Cannan is looking to undergo the IPO process again in New York in Q2 2019. Canaan Creative, one of the biggest crypto mining equipment manufacturers in China, has raised "several hundred million U.S. dollars" in a new funding round. Chinese financial news publication, Securities Times, reported that the company, known for its Avalon line of mining devices, is now valued at over $1 billion, saying: "This is great news for Canaan as their attempt at clinching an initial public offering (IPO) in Hong Kong failed a few months ago… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
