Breakingviews – Bitcoin mining IPO mirrors currency volatility

Breakingviews – Bitcoin mining IPO mirrors currency volatility

(Reuters Breakingviews) – It promises all the highs and lows of a real gold rush. Canaan, a Chinese company and the world’s second biggest maker of hardware used to mine bitcoin, has filed for an initial public offering in New York. It’s looking to raise $400 million, according to Reuters, after aborting two attempts to list elsewhere.