Canaan’s IPO is “more symbolic” than substantial to the crypto industry, says expert

Canaan’s IPO is “more symbolic” than substantial to the crypto industry, says expert – The Block

Cryptocurrency mining machine manufacturer Canaan made the headline last month by being one of the first cryptocurrency companies to tap into the public markets, but an expert said its initial public offering (IPO) may be “more symbolic” than substantial. In a recent The Scoop podcast, Iterative Capital Management principal Leo Zhang acknowledged the firm’s IPO …