As the world's second largest bitcoin mining machine manufacturer, Canaan Creative was successfully listed on NASDAQ in the United States on the evening of November 21, Beijing time, with the stock code "CAN", becoming "the first stock in the global blockchain business" .
Canaan has raised a total of US$90-110 million in funds, priced at US$9-11 per share, and the funds raised will be used for the research and development of the company's artificial intelligence and blockchain business.
Let's take a look at the trend after going online.
There are too many coins in the currency circle with such a trend, and the peak is when it goes online.
Although the listing skyrocketed by 40% and then plummeted, and the closing price has already broken, I believe that Canaan Zhizhi has value, which is different from the air currency in the currency circle.
According to the prospectus, in 2017, 2018 and the first three quarters of 2019, Canaan Zhizhi’s total revenue was 1.308 billion yuan, 2.705 billion yuan, and 959 million yuan respectively, and its net profit was 376 million yuan and 122 million yuan respectively. , -236 million yuan.
The mining machine ecology is very dependent on the price of Bitcoin. If the price of the currency continues to fall, mining will lose money, many people will shut down, and the sales of mining machines will be bleak.
If the currency price continues to rise, mining will be profitable, and more people will enter mining, and the sales of mining machines will be in short supply, and even the price of mining machines themselves will be pushed up.
Canaan Zhizhi’s road to listing has also experienced several twists and turns. In 2016, the listed company Shandong Luyitong Smart Electric Co., Ltd. planned to acquire Canaan Zhizhi for 3 billion yuan. If the acquisition is successful, Canaan Zhizhi will go public through asset restructuring. It's a pity that the reorganization failed, and Canaan Zhizhi's road to listing for the first time came to an abrupt end.
In 2017, Canaan Zhizhi sought to be listed on the NEEQ, but eventually voluntarily gave up listing; in 2018, Canaan Zhizhi's impact on the Hong Kong stock IPO was also unsuccessful.
Finally, yesterday, Canaan Yunzhi accomplished this epoch-making feat.
Congratulations to Canaan, and we look forward to more talents entering the blockchain industry in the future to add luster to the industry. The future is promising.
Lighthouse Community—Jiangge
Lighthouse Community—Jiangge
BTC
Bitcoin has fallen below the bottom of the channel in the short term, but it has also reached a rising point in front of it. There will be certain pin insertion behavior here, and it may be up and down. For the short-term, the deviation is too large at present, so beware of upward pin insertion, but the short-term downward trend has not changed, and after the pin insertion, the high altitude is still the main choice.
ETH
The trend of Ethereum looks like a triple bottom now, but in the short term, there is currently no sign of a bottom. So for short-term operations, there is support here, but if other coins do not move, Ethereum will also rebound by exchanging time for space, so for this short-term operation, it is still high-altitude.
BCH
Bitcoin cash pays attention to the balance level of 230, where there will be pin insertion behavior around this line in the short term. Even if the pin is inserted at this point, the single strategy should still be based on this.
BSV
This trend is weaker, and it is still developing in a weak direction at present, so short-term strategies are dominated by short orders. , pay attention to the interval of 104 in anti-drawing.
LTC
The trend of Latiao is still falling. In terms of points, we still need to pay attention to the key point of 47 in the previous period. There is a certain support here. However, the short-term decline is still not over. The short-term priority is to pay attention to the position of 52, and the short-term is still the main one.
EOS
Grapefruit will oscillate in a balanced space around 2.5-3.5, so for the case of taking advantage of the trend, it is still mainly empty orders, and pay attention to 3.33 above.
XRP
Ripple was originally the weakest currency, but it has been said that it is not the weakest at present. But the downward trend has not changed, pay attention to the pressure zone around 0.2499.
Bitcoin price at time of publication: $7047
