ASIC chip manufacturer Canaan Creative is closing the gap between itself and cryptocurrency mining industry leader Bitmain after a massive infusion of capital.
Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firm’s board director while confirming that the board has undergone restructuring.
Bitmain's new prospectus includes three months beyond what was previously known about the cryptocurrency mining giant. And that new information tells a bigger story.
Over the weekend, information surfaced that could suggest that mining giant Bitmain may be facing an uphill battle as it looks to launch an IPO on the Hong Kong stock exchange.
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