Chinese bitcoin mining gear makers made an eye record of $1bn in IPO


Two chinese bitcoin mining equipment makers are set to raise as much as $1bn each - in what's said to be the sector’s biggest bitcoin-focused floats to date.

Canaan creative, the sector’s 2d-biggest maker of bitcoin mining hardware, has already carried out to the Hong Kong stock exchange for an IPO and goals to begin buying and selling as soon as July, consistent with latest reports.

in keeping with Bloomberg, Canaan sells computer system beneath the “Avalon” logo with rapid customized chips that win digital coins with the aid of solving complicated math problems.

meanwhile, Zhejiang Ebang communication has commenced working with advisers on a Hong Kong float, according to a Thomson Reuters publication.

at the same time as Canaan creative declined to remark to Reuters, Ebang could not be straight away reached for comment.

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