Canaan Creative has passed SEC review, with a listing valuation of approximately US$2-3 billion

According to BlockBeats, the famous domestic mining machine manufacturer Canaan Creative will be listed on the Nasdaq exchange in the United States in the near future. BlockBeats confirmed the authenticity of the news from the investment institutions participating in the private placement. It is understood that Canaan Creative has passed the SEC review, and the valuation of this listing is about 2-3 billion US dollars, which is a significant increase compared to the 1.5 billion US dollars valuation previously reported by the media. The investment institution said that Canaan Creative’s share is currently very tight and has been oversubscribed by double. It is understood that Canaan Creative will announce the specific listing time this month. In this regard, Canaan Creative may become the first Chinese blockchain concept technology company to successfully go public in the United States.

Previously, Canaan Creative released a new mining machine A11, with a computing power of 73T and a power consumption of 46J/T. Its performance has certain advantages over many mining machines on the market, and A12 has also entered the mass production preparation stage. This is also an important reason why the agency is optimistic about Canaan Creative's performance after listing.

BlockBeats then interviewed a staff member of Canaan Creative, who said that they could not comment on the listing for the time being. BlockBeats learned from people close to Canaan Creative that Canaan Creative's 5nm chip has entered the research and development schedule, and the previously exposed new generation of AI chips will also be mass-produced and put on the market next year. It even stated that the production of mining machines in 2020 is expected to exceed 1 million units. If calculated based on the price of a single machine, sales are expected to exceed 10 billion yuan.