Company:Canaan Creative

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Canaan, Inc.
Canaan Creative
TypePublic
NASDAQ: CAN
Industry
Founded2013; 13 years ago (2013)
FounderN.G. Zhang[1]
Headquarters
Singapore[2]
Area served
Globally
Key people
N.G. Zhang
Products
Number of employees
>300
Websitecanaan.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]

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 is considering an IPO in the United States.[6] Canaan raised $90 million in their November 2019 IPO.[9]

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

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. https://qz.com/1279152/chinese-bitcoin-mining-equipment-maker-canaan-creative-is-seeking-to-raise-up-to-1-billion-in-a-hong-kong-ipo/. 
  2. ↑ 2.0 2.1 2.2 "Canaan Inc. 2023 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. April 17, 2024. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001780652/000110465923047189/can-20221231x20f.htm. 
  3. ↑ "Canaan Official | Creator of the World first ASIC Bitcoin Miner" (in en). https://www.canaan.io/about#contact. 
  4. ↑ "Cryptocurrency miner Canaan eyes IPO; bets on China's push for chip industry". Reuters. April 6, 2018. https://www.reuters.com/article/us-crypto-canaancreative-ipo/cryptocurrency-miner-canaan-eyes-ipo-bets-on-chinas-push-for-chip-industry-idUSKCN1HD0I3. 
  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. https://books.google.com/books?id=HCpjDwAAQBAJ&pg=PA187. 
  6. ↑ 6.0 6.1 "Bitcoin Mining Chip Maker Canaan Considers U.S. IPO". Bloomberg News. January 8, 2019. https://www.bloomberg.com/news/articles/2019-01-08/bitcoin-mining-chip-maker-canaan-is-said-to-consider-u-s-ipo. 
  7. ↑ "Canaan gave up the listing of the New Third Board Bitcoin mining machine enterprises collectively disappeared". Sina.com. March 20, 2018. https://finance.sina.com.cn/stock/thirdmarket/2018-03-20/doc-ifysmvte6996746.shtml. 
  8. ↑ 8.0 8.1 "Bitcoin Mining Rig Maker Canaan Files for $1 Billion IPO". Bloomberg.com. May 15, 2018. https://www.bloomberg.com/news/articles/2018-05-15/bitcoin-mining-rig-maker-canaan-said-to-file-for-1-billion-ipo. 
  9. ↑ Tse, Crystal (November 20, 2019). "Bitcoin Mining Firm Canaan Ends Trading Debut Flat After IPO". https://www.bloomberg.com/news/articles/2019-11-21/bitcoin-mining-company-canaan-raises-90-million-in-u-s-ipo. 
  10. ↑ "CANAAN CREATIVE GLOBAL PTE. LTD. (202132673H)". https://www.companies.sg/business/202132673H/CANAAN-CREATIVE-GLOBAL-PTE-LTD-#new. 



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