Zhang,[2] Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.
Zhang established Canaan Creative, where he served as chairman and CEO.
[6] In 2016, Canaan attempted a reverse takeover for $466 Millions USD by Shandong Luyitong, a public company listed on the Shenzhen Stock Exchange.
[6] In January 2019, reports surfaced that Canaan is considering an IPO in the United States.
[4] Canaan raised $90 million in their November 2019 IPO.