Valued At $1 Billion, Canaan Creative Is Encroaching on Bitmain’s Dominance18

ASIC chip manufacturer Canaan Creative is closing the gap between itself and industry leader Bitmain after a massive infusion of capital.

In its latest funding round, the Chinese mining company has raised several hundred millions of dollars, Chinese publication Securities Times reports. Dubbing Canaan Creative as the second-largest mining firm in the world, the publication notes that the funding has raised the company’s overall valuation to $1 billion.

Original source
https://bitcoinmagazine.com/articles/valued-at-1-billion-canaan-creative-is-encroaching-on-bitmains-dominance/

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