Canaan Bitcoin IPO has been launched successfully, making it the first-ever bitcoin company to go down the ‘Initial Public Offering’ (IPO) route. SEC filings have confirmed the same, and the event marks an important milestone in the crypto industry. Canaan manufactures bitcoin mining equipment. It acquires the most significant market share after the market leader Bitmain. As per Bloomberg, the first offering raised ninety million dollars ($90M), which featured ten million (10M) shares priced at nine dollars each. The goal of Canaan Bitcoin IPO was to reach four hundred million dollars ($400M) in this IPO round, but their hopes were