To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Starbucks is not accepting Bitcoin, but builds an exchange

It will generally allow the crushed and boiled crypto investments to be converted to the crushed an...



Two Chinese manufacturers of miners intend to hold an IPO worth 1 billion dollars each



At the moment, applications of companies are under consideration by the Hong Kong Stock Exchange.



16.May.18 6:21 AM
By John M Jeffcoat
Photo Toinnov.com

   82

Two Chinese manufacturers of miners intend to hold an IPO worth 1 billion dollars each

Growing prices for cryptocurrency allowed producers of mining installations to succeed well in sales of their equipment. Immediately two major Chinese manufacturers of mining equipment - Canaan Creative and Zhejiang Ebang Communication are planning to place their shares on the Hong Kong Stock Exchange, according to an informational source bitnovosti. 

According to the management of the companies, the value of the assets of the companies will then rise to $ 1 billion within a year.

Zhejiang Ebang Communication, which specializes in the release of Ebit E9, previously engaged in the placement of its shares on the Chinese off-exchange trading platform NEEQ, but since China pursues a policy of negating the whole of crypto-currencies and operations with them, the experience was not very successful. 

Now the company wants to work with the Hong Kong Stock Exchange mainly because of the favorable conditions created in this territory for the digital market. Earlier we wrote about the second company that expressed a desire for additional capital raising. 

Canaan Corporation shows excellent profit results for 2017, which indicates its stability and increased demand for its Avalon mining aggregates. Experts argue that the listing will significantly improve the company's performance in the market. Currently, the applications of both mining companies are under consideration by the Hong Kong Stock Exchange, the outcome of the review will be known within two weeks.




Back to the list


Related Information: