Canaan Creative

Last updated
Canaan, Inc.
Canaan Creative
Company type Public
Nasdaq:  CAN
Industry
Founded2013;12 years ago (2013)
FounderN.G. Zhang [1]
Headquarters
Singapore [2]
Area served
Globally
Key people
N.G. Zhang
Products
Number of employees
>300
Website canaan.io

Canaan Inc., doing business as Canaan Creative and known simply as Canaan, is a Singapore-based computer hardware manufacturer. [2] [3] Established in 2013 by N.G. Zhang, [4] Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining. [5] [6]

Contents

History

In 2013, while still studying for a doctor's degree, [7] N.G. Zhang established Canaan Creative in China, where he served as chairman and CEO. [8]

In 2016, Canaan attempted a reverse takeover for $466 Millions USD by Shandong Luyitong, a public company listed on the Shenzhen Stock Exchange. [8]

In January 2019, reports surfaced that Canaan was considering an IPO in the United States. [6] Canaan raised $90 million in their November 2019 IPO on the Nasdaq Global Market. [9]

In 2022, Canaan's headquarters in Singapore were established. [2] [10]

References

  1. ↑ "A company that sold 300,000 bitcoin mining rigs last year is seeking the largest crypto IPO ever". Quartz . May 16, 2018.
  2. 1 2 3 "Canaan Inc. 2023 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. April 17, 2024.
  3. ↑ "Canaan Official | Creator of the World first ASIC Bitcoin Miner". Canaan Official | Creator of the World first ASIC Bitcoin Miner. Retrieved 2025-04-22.
  4. ↑ "Cryptocurrency miner Canaan eyes IPO; bets on China's push for chip industry". Reuters . April 6, 2018.
  5. ↑ 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.
  6. 1 2 "Bitcoin Mining Chip Maker Canaan Considers U.S. IPO". Bloomberg News . January 8, 2019. Archived from the original on July 7, 2019.
  7. ↑ "Canaan gave up the listing of the New Third Board Bitcoin mining machine enterprises collectively disappeared". Sina.com . March 20, 2018.
  8. 1 2 "Bitcoin Mining Rig Maker Canaan Files for $1 Billion IPO". Bloomberg.com . May 15, 2018. Archived from the original on April 3, 2019.
  9. ↑ Tse, Crystal (November 20, 2019). "Bitcoin Mining Firm Canaan Ends Trading Debut Flat After IPO". Bloomberg.
  10. ↑ "CANAAN CREATIVE GLOBAL PTE. LTD. (202132673H)". www.companies.sg. Retrieved 2025-04-22.
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