Canaan Creative

Chinese computer manufacturer

Consumer electronics
Computer hardware

Founded2013; 11 years ago (2013)FounderN.G. Zhang^[1]Headquarters

Beijing, China

Area served

Globally

Key people

N.G. ZhangProducts

Computer processors
Computer hardware

Number of employees

>300Websitecanaan.io

Canaan Inc., doing business as Canaan Creative and known simply as Canaan, is a China-based computer hardware manufacturer. Established in 2013 by N.G. Zhang,^[2] Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.^[3]^[4]

History

In 2013, while still studying for a doctor's degree,^[5] N.G. Zhang established Canaan Creative, where he served as chairman and CEO.^[6]

In 2016, Canaan attempted a reverse takeover for $466 Millions USD by Shandong Luyitong, a public company listed on the Shenzhen Stock Exchange.^[6]

In January 2019, reports surfaced that Canaan is considering an IPO in the United States.^[4] Canaan raised $90 million in their November 2019 IPO.^[7]

In 2019, Canaan started to trade on Nasdaq.

References

^ "A company that sold 300,000 bitcoin mining rigs last year is seeking the largest crypto IPO ever". Quartz. May 16, 2018.
^ "Cryptocurrency miner Canaan eyes IPO; bets on China's push for chip industry". Reuters. April 6, 2018.
^ Lee David Kuo Chuen; Low Linda (21 June 2018). Inclusive FinTech: Blockchain, Cryptocurrency and ICO. World Scientific. pp. 187–. ISBN 978-981-323-865-7.
^ ^a ^b "Bitcoin Mining Chip Maker Canaan Considers U.S. IPO". Bloomberg News. January 8, 2019. Archived from the original on July 7, 2019.
^ "Canaan gave up the listing of the New Third Board Bitcoin mining machine enterprises collectively disappeared". Sina.com. March 20, 2018.
^ ^a ^b "Bitcoin Mining Rig Maker Canaan Files for $1 Billion IPO". Bloomberg.com. May 15, 2018. Archived from the original on April 3, 2019.
^ Tse, Crystal (November 20, 2019). "Bitcoin Mining Firm Canaan Ends Trading Debut Flat After IPO". Bloomberg.