Canaan Creative

Canaan, Inc.
Canaan, Inc.
Trade name	Canaan Creative
Type	Public
Traded as	Nasdaq: CAN
Industry	Consumer electronics; Computer hardware;
Founded	2013; 13 years ago
Founder	N.G. Zhang
Headquarters	Singapore
Area served	Globally
Key people	N.G. Zhang
Products	Computer processors; Computer hardware;
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. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.

History

In 2013, while still studying for a doctor's degree, N.G. Zhang established Canaan Creative in China, where he was chairman and CEO.

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

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

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

References

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

External links

Official website

[1] "A company that sold 300,000 bitcoin mining rigs last year is seeking the largest crypto IPO ever". Quartz. May 16, 2018.

[2023_Form_20-F-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.

[ChuenLinda2018-5] 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.

[Bloomberg_News-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.

[Bloomberg.com-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.