Although it is still a long way to go for China in leading the world’s integrated circuit technology, the world’s top three producers of digital currency mining machine are all based in China, they are AntMiner of Bitmain, Avalon of Canaan and Ebit of Ebang.
Canaan, world’s 2nd largest bitcoin mining machine producer, nearly 100 % of its revenue comes from sales of mining machines known as Avalon. As of the end of April 2017, it has sold about 160,000 mining machines of Avalon project and accounted for 22 % of the global bitcoin computing power.
A small mining machine bears enormous wealth. Canaan’s annual net profit was 2.24 million for the year of 2015, and 300 million in 2017 with increase of 125 times in two years. The company submitted its application for listing its shares on NEEQ (National Equities Exchange and Quotations) know as China’s over-the-counter exchange for growing enterprises in August 2017, and once it is listed, it might be one of the most potential digital currency stocks in the world.
http://news.8btc.com/with-revenue-of-1-2-billion-50-roi-canaan-avalon-applied-to-list-on-neeq
