Bitcoin Miner Of China Files For IPO In US
The Largest Bitcoin Miner Maker of China, Canaan Creative files for initial coin offering (IPO) in the US to raise 200 million USD, reported on 31 July 2019.
The report says that Canaan is applying application anonymously with the Securities and Exchange Commission (SEC0 in order to raise funds through IPO in the US.
What is Cryptocurrency Mining? Is Bitcoin Mining Profitable?
Canaan becomes the first Chinese company that successfully files for IPO in order to raise funds in the US market.
Canaan is the biggest competitor of Bitmain mining company that already failed to file IPO in the US in December 2018 due to the high volatility of bitcoin.
Previously, Iran is officially announced to legal cryptocurrency mining within its borders.
A week ago, China Declare Bitcoin as Legal Commodity Price Spikes More than $1000 in an Hour
Last month, The Fuzhou city of China will provide the rent subsidies to encourage the development in the blockchain industry
This year, A Chinese Bitcoin Miner Zhu Fa, Co-founder of Poolin, a Chinese based crypto mining pool predicates that Bitcoin price will hit 5 million Chinese Yuan ($738,000).
