According to IFR, a subsidiary of Reuters, Chinese cryptocurrency mining machine manufacturers Zhejiang Yibit and Canaan Zhizhi plan to raise US$1 billion in Hong Kong IPOs. According to sources, Canaan has submitted a listing application to the Stock Exchange on Monday, and Zhejiang Yibit has also started work with consultants on its listing proposal.
This made Canaan Yunzhi get people's attention again. If successfully listed, Canaan will become the first blockchain company listed on the Hong Kong Stock Exchange.
According to public information, Jianan Zhizhi was established in Beijing in April 2013. The company specializes in the design and sales of high-performance integrated circuit boards, and is also the manufacturer of the Avalon series of cryptocurrency mining machines. In 2017, Jianan Zhizhi completed the shareholding reform and mass-produced 16nm artificial intelligence chips. It is understood that Canaan has sold a total of 28nm and 16nm process chip equipment, which has accounted for 50% of the global market share, and has sold about 160,000 Avalon series mining machines, occupying a large part of the global cryptocurrency computing power market. twenty two%.
Canaan Zhizhi’s official data shows that the company’s unaudited net profit in 2017 exceeded 300 million yuan, while the company’s profit in 2015 was only 2.24 million yuan, an explosive growth of 125 times in two years. The market share ranks second in the country, second only to the ant mining machine under Bitcoin Mainland.
The founder of Canaan Zhizhi is Zhang Nangeng, and his name "Pumpkin Zhang" is even more famous in the industry. In 2011, as a Ph.D. in computer science at Beihang University, he designed an encrypted coin mining machine (named Avalon) whose computing speed far exceeded that of a graphics card mining machine.
It is understood that Yibit is the digital currency mining machine brand name of Ebang, the third largest bitcoin mining machine manufacturer in the world listed on the New Third Board. Ebang is mainly engaged in data communication and chip design. Ebang started from communication equipment. , is not a pure mining machine company. Zhejiang Ebang Communication Technology Co., Ltd. is a high-tech enterprise with data communication and optical fiber transmission system as its leading products, integrating R&D, production, sales and service. The company is one of the main suppliers of access network equipment for the three major domestic operators.
If Zhejiang Yibit is successfully listed on the Hong Kong stock market, Ebang will become a new "New Third Board + H" enterprise.
The approval of the IPO of two major cryptocurrency mining machine manufacturers in Hong Kong reflects the policy level’s emphasis on the blockchain industry, which can effectively boost the development of the industry; from an international perspective, the listing of encrypted mining machine manufacturers will further improve my country’s The competitiveness of the blockchain industry and improve the ability of independent innovation.
