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Bloomberg
Canaan Inc, the world’s second-largest maker of Bitcoin mining machines, filed for a US initial public offering.
The Hangzhou, China-based company listed its offering size as $400 million in its filing with the US Securities and Exchange Commission. The amount is typically a placeholder that is likely to change.
Canaan attempted a Hong Kong listing last year before letting its application lapse in November. The company reported a net
loss of $48.2 million in the six months ended on June 3.