China: Bitcoin Mining Hardware Manufacturer Canan Inc. Moves to US Listings after Shelving Hong Kong IPO

AMBCrypto

China’s second-biggest maker of Bitcoin mining hardware, Cannan Inc., shelved plans for a Hong Kong Initial Public Offering [IPO] and might consider listing in the US, said a source in a report by Bloomberg. The Bitcoin mining hardware company, aiming to raise about $1 billion earlier, now is examining the possibility of selling shares in NASDAQ in the first half of the year, reported the publication. However, the discussions for the same are still going on and it’s too early to say whether it will lead to a transaction, reported the publication.

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