A recent Cryptocurrency News article by Kiril Nikolaev highlights the perfect storm of potential opportunity with the next bitcoin halving and the timing for China-based mining giant Canaan Creative’s IPO, set to launch later this month. According to the article, the bitcoin halving is a historically bullish event that can help miners stay profitable while navigating the delicate balance of three factors that include equipment efficiency, electricity costs and bitcoin price. Block rewards were first halved in 2012, and prices skyrocketed by 7,976 percent a year later. The second halving, which occurred in 2016, drove the cryptocurrency to a 2,902 percent growth by year-end 2017. The third halving will take place in six months, and the article discusses Canaan Creative’s timing to become a publicly-traded company and apparent positioning for the potential explosion of bitcoin.
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Canaan Creative, known simply as Canaan, is a China-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessor solutions for use in bitcoin mining. Fore more information, visit the company’s website at www.Canaan.io.
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