Canaan Creative

Last updated
Canaan, Inc.
Canaan Creative
Company type Public
Nasdaq:  CAN
Industry
Founded2013;12 years ago (2013)
FounderN.G. Zhang [1]
Headquarters
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] . Established in 2013 by N.G. Zhang, [3] Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining. [4] [5]

Contents

History

In 2013, while still studying for a doctor's degree, [6] N.G. Zhang established Canaan Creative in China, where he served as chairman and CEO. [7]

In 2016, Canaan attempted a reverse takeover for $466 Millions USD by Shandong Luyitong, a public company listed on the Shenzhen Stock Exchange. [7]

In January 2019, reports surfaced that Canaan is considering an IPO in the United States. [5] Canaan raised $90 million in their November 2019 IPO. [8]

In 2019, Canaan completed its initial public offering on the Nasdaq Global Market.

In 2022, Canaan's headquarters in Singapore were established. [9]

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. "Canaan Official | Creator of the World first ASIC Bitcoin Miner". Canaan Official | Creator of the World first ASIC Bitcoin Miner. Retrieved 2025-04-22.
  3. "Cryptocurrency miner Canaan eyes IPO; bets on China's push for chip industry". Reuters . April 6, 2018.
  4. 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.
  5. 1 2 "Bitcoin Mining Chip Maker Canaan Considers U.S. IPO". Bloomberg News . January 8, 2019. Archived from the original on July 7, 2019.
  6. "Canaan gave up the listing of the New Third Board Bitcoin mining machine enterprises collectively disappeared". Sina.com . March 20, 2018.
  7. 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.
  8. Tse, Crystal (November 20, 2019). "Bitcoin Mining Firm Canaan Ends Trading Debut Flat After IPO". Bloomberg.
  9. "CANAAN CREATIVE GLOBAL PTE. LTD. (202132673H)". www.companies.sg. Retrieved 2025-04-22.