The manufacturer of mining equipment Canaan Creative has completed a new round of financing, reports CoinDesk.
According to a local source of the Securities Times, the manufacturer, famous for its Avalon equipment line, has attracted "hundreds of millions of dollars" of investment. As a result, the company's capitalization exceeded $ 1 billion.
The news is noteworthy because the “cryptowinter” hit the mining industry painfully. Leading manufacturers of equipment for the extraction of cryptocurrency, including Bitmain, faced serious financial difficulties. The resumption of business activity can talk about restoring investor confidence in the long-term market prospects.
According to some info, Canaan is considering an IPO in the United States.
In the spring of last year, the company has already filed an application for an initial public offering on the Hong Kong stock exchange in order to raise $ 1 billion. However, this application subsequently expired.