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

    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. ^ a b "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. ^ 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.
    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.
    Credit: Wikipedia https://en.wikipedia.org/wiki/Canaan_Creative

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