Bitcoin Miner ‘Canaan Creative’ IPO Will Not Happen in 2018

Bitcoin mining equipment maker, Canaan Creative, on Thursday (November 15, 2018) allowed its Initial Public Offering (IPO) filing to elapse. Reports suggest that the company will shelve its IPO plans at least for the remainder of the year. Canaan Allows $400 Million IPO Application to Lapse According to Reuters, Canaan Creative allowed its $400 million […]

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Trump Trade War Tariffs Compound Bitmain IPO Woes

Bitmain’s beleaguered IPO faces further challenges as the latest Trump tariffs hit mining hardware. The situation is also likely to affect planned IPOs by Canaan and Ebang according to the South China Morning Post. Financial Controversy Bitmain must have hoped that the controversy regarding its oft-touted IPO was behind the company. At the end of September, Bitmain publicly […]

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Bitcoin Mining Giant Bitmain Has Big Plans for Small Texas Town

A sleepy Texas town is set to reinvigorate the local economy thanks to a multimillion-dollar project to build a cryptocurrency mining and data center in place of a recently closed coal fire power plant. Bitmain Goes West Who would have imagined that cryptocurrency mining would be the key to making a former coal mining town […]

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