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Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump
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On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five new mining rig batches that […]The post Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump appeared first on Bitcoin News.
https://news.bitcoin.com/mining-giant-canaan-faces-stiff-competition-after-ipo-shares-slump/
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