Canaan Creative CO., LTD the worlds second largest Bitcoin mining hardware supplier plans to raise $2 billion funds in largest Bitcoin-related IPO. According to the Reuters, Canaan will present itself as a chip designer which focuses on artificial intelligence and blockchain technology development:
Their customers happen to be bitcoin miners. But they are a chip company, not a bitcoin company.
Jehan Chu, managing partner at Kenetic Capital, a Hong Kong-based cryptocurrency investment firm:
Investors are always looking for crypto picks and shovels, and thats what this is