Happy ending?
October 10, a screenshot of a certain new treasure APP shows that the global head mining machine manufacturer Jia Nan Zhizhi will be listed in the US in mid-November, and plans to issue new shares of 126 million, valued at 1.5 billion US dollars. In the past two weeks, the Odaily Planet Daily also learned from the sources that “Jia Nan Zhi Zhi has already completed the listing process”. However, another source close to Jia Nan Zhizhi said that Jia Nan’s valuation is tentatively set at $2 billion to $3 billion, not the $1.5 billion that the APP said.
July 31, according to the IPO, the company has secretly submitted a listing application to the US Securities and Exchange Commission (SEC), raising funds of 200 million US dollars, becoming the first mining machine manufacturer to go to the US IPO ( There are similar plans for the manufacturers of Bitland and Yibang International. According to Tencent News “First Line” news, Jia Nan Zhizhi plans to choose the NYSE as a listing place.
Just two weeks ago, Kong Jianping, a joint director of Jianan Zhizhi, also talked about the SEC’s attitude towards the blockchain industry when interviewed by the media. He said that the US SEC is very knowledgeable about digital currency and blockchain. It needs to comply with its rules when it goes public in the US, as long as the compliant companies are listed in the US.
Maybe, after Jia Nan’s wisdom, we can quickly see Bit China and Yibang International in the US stock market.
With the three-fold increase in Bitcoin in Q2 this year, the Bitcoin mining machine has also entered a state of out-of-stock, causing many mining machine manufacturers to return to the blood. The current mining machines of Jianan Zhizhi are mainly Avalon A11, A10 and A9 of 8nm and 16nm.
For the next generation of “core technology” 7nm mining machine in the industry, Jia Nan was first released in September last year, but has not been mass-produced. In this regard, Kong Jianping told the media in September that “we will mass produce some 7nm mining machines this year, but the large-scale market should be until next year.”
In addition to the mining machine, another major business of Jianan Zhizhi is the AI chip.
For this income, Kong Jianping said, “We last yearJust launched, only sold 100,000 yuan. Because this environment is not well understood, plus the AI chip it has a cycle, unlike the mining machine you can run on the power, it needs to constantly adjust the algorithm model on the small chip, the general cycle is 6 to 12 Months, then mass production of these devices. By the end of this year (AI chip) there are tens of millions of orders, and there are still some orders to be finalized, which may result in a shipment of hundreds of millions.
Since 2016, Jia Nan Zhizhi has been known from the A-shares, the New Third Board to the Hong Kong stocks, and not to the exclusion of the Science and Technology Board, and today’s US stocks. If the news is solid, the three-year listing of this big miner will be completed.