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From skyrocketing to breaking "the first mining circle" jia nan yun wisdom listed on nasdaq

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The successful listing of the maker of the first mass-produced ASIC miner in the us could be a boon to the controversial "blockchain industry"

Title: "bumpy listing but "CAN" bad break, but no one CAN deny that it is still a major good for the block chain industry"
Block chain in vernacular

Recently, people in the blockchain industry are experiencing the experience of "ice and fire".

On the hot side, the leader said last month that "we should take blockchain as an important breakthrough in independent innovation of core technologies, make clear the main direction, increase input, focus on a number of key core technologies, and accelerate the innovation and development of blockchain technology and industry". At that moment, a lot of people in the industry feel their backs are stiff a lot.

Unexpectedly, the following cold not only put out the flame completely, but also let people feel the biting cold: Shanghai, Beijing, shenzhen and other places to find out the bottom of the investigation, a number of central media focus on the inner turmoil, "block chain is not equal to digital currency" and other news directly into the bottom of the people's excitement.

Fortunately, another piece of news last week added fuel to the dying bonfire: jia nan yun wisdom successful IPO, many people in the industry in the mind of a serious "pure blockchain enterprise" finally successful listing.

01
Where is jiannan yun wisdom sacred?

Many new friends who have just come into contact with the blockchain industry may not be as familiar with the name "jia nan yun zhi" as "bit mainland", but speaking of avalon mining machine, most people know. Ant mining machine manufacturer is bit mainland, avalon mining machine manufacturer is jia nan yun wisdom. In the global mining machine market, jia nan yun zhi is the second largest manufacturer after bit mainland.

The name avalon has an interesting origin. As the first mining machine in the history of ASIC, its birth and the founder of zhang nan geng (nicknamed pumpkin zhang) "animation house" has a great relationship.

During the FPGA era, pumpkin zhang made the first generation of mining machine and named it icarus, which is the name of the heroine of the cartoon "airborne things". Later, the second generation of products Lancelot, I believe that the friends who have seen king Arthur will not be unfamiliar, because as the most famous knight of the round table, Lancelot this name is too deeply rooted in the hearts of people. Then came the world's first ASIC mining machine, avalon, home of the goblins in the game FATE.

When the avalon was introduced, it would kill all the gpus and fpgas on the market in seconds in terms of efficiency and power consumption, allowing miners to recoup their costs in a matter of days. At its peak, the machine was sold to 400, 000 and managed to account for more than a third of bitcoin's computing power.

In April 2013, three months after the launch of avalon, jiannan yunzhi was officially established. Just six years later, the success of the nasdaq, pumpkin zhang himself raised the legend of the small hammer, hit down.

02
The journey to market: twists and turns, good things

As the saying goes, good things take time, jia nan yun wisdom's trip to the market, not a smooth, compared to the mainland has better than.

As early as 2016, jia nan yunzhi tried to borrow the shell of "lu yitong" landing A shares, but the shenzhen stock exchange issued three letters of inquiry, let jia nan yunzhi "back".

In August 2017, I applied for listing on the new third board again. However, it was an awkward time point, because the "September 4" incident happened immediately afterwards.

Again in 2018, he filed his prospectus with the Hong Kong stock exchange on May 15. At that time, the situation was very good, and the media expected the company's IPO valuation in Hong Kong was expected to reach a high figure. However, just waiting for the climax, the plot is once again sharp turn down, the market in the second half of the year all the way out of the "giant bear", the three major mining machine business bitu mainland, jia nan yun wisdom, yi bang international IPO applications are basically abandoned, is really "forced to go out of the country".

Even the nasdaq bell tour in 2019 wasn't 100% smooth, technically. Last year's Hong Kong IPO, which was expected to raise $400m, was cut by 70% to between $90m and $110m. It is also a big drop from last year's ambition.

However, after a series of twists and turns, the clock is finally struck, which officially announces that blockchain enterprises have entered the frontier stage of world commerce and finance, which is of great significance.

03
After the market: start or peak?

In the block chain industry, there is a joke to make fun of the public chain: online is the peak. A lot of people are staring at the opening of the nan yun wisdom performance, see is the beginning or the peak.

Carnan stock (ticker symbol CAN) shot up 40% to $12.6 immediately after the opening bell, then went down as low as $8.21 before closing at $8.99, down 0.11% for the day, with a market value of $1.42 billion. Over the past few days, kanan has been swinging between $7.50 and $8.80, closely following BTC.

Nasdaq gives a static p/e of 79, while Intel's p/e of 13 and AMD's of 197, the two biggest chipmakers on the Internet, are clearly in the middle.

Of course, some people say to look a little longer, looking back a year. Because if there is no accident, after the beginning of the half market next year, the difficulty of mining will increase, and the small capacity mining opportunity of more than 10 T will be largely eliminated, including the current large amount of ant S9 mining machine on the market, coupled with the block chain industry gradually stable and regularized, next year will be a big probability of mining machine. At the same time, jia nan this year with the identity of the second miner to become the first successful listed enterprises in the circle, next year is expected to become the leader of the mining machine, a performance outbreak.

For the company itself, going public is only the first step.

Jia nan itself is a chip design company, and mining machine chip is only the first business. Like bitland, AI chips will be a major direction in the future. Currently, the company has more than 300 employees, with an average age of about 32, and 65% of them are r&d members. At present, kanzhi K210, the first-generation commercial edge AI chip with independent intellectual property rights, has realized the landing of intelligent buildings, intelligent homes and other fields. The second generation of K510 will also be released at the end of this year, and the application scenarios will be further expanded to intelligent driving, intelligent retail and so on.

It can be said that jia nan grasps the block chain with one hand and explores the Internet of things and AI with the other. These three technologies will profoundly affect human life in the coming decades. In the long run, the future is certain.

04
The future is here: are you ready?

The closing price of CAN seems to have no ripples these days, and it is still in a state of slight break, just like the placid BTC.

However, on the other side, the ice has melted, the future has been quietly ambush in the distance, waiting for people to dig, to meet.

A few months ago, Bakkt, derided for trading only 71BTC on its first day, had recently reached $40m. People always say to the regular army to "rescue", this is not, the regular army is on the way.

Two years ago, the block chain industry was completely regulated. After the leaders' propaganda, they even created the momentum of block chain from the doll in public opinion. I used to tell people that blockchain always felt like a "scam", but now I have finally straightened my back and feel like a "revolution".

Five years ago, when asked "would you like 100 bitcoins if someone gave you one?" and answered with a firm "I wouldn't if you gave me bitcoin?", professor lang said something he probably never thought of before: "the only virtual currency that really USES blockchain technology is probably bitcoin."

Six years ago from the famous university doctor drop out, founded a completely in the outside world do not understand, still quite a bit of "bad business" "mining" company, now wields the small hammer of the legend, sounded the enterprise to the world's top business and financial circle road.

What reason do you have not to believe that this fire will burn brighter and brighter, creating a new future?

Dracarys! (note: this is game of thrones' command for the dragon to breathe fire.)

Related reading:https://www.theblockbeats.com/news/4676
Source:https://www.hellobtc.com/kp/lc/wakuang/11/2423.html

Silver block rhythm BlockBeats reminded, according to the circ and other five departments issued in August 2018 on the guard against in the name of the "virtual currency" "block chain" illegal fund-raising risk warning "file, please the public rationality block chain, don't blindly believe in reduction commitment, set up correct concept of money and investment philosophy, effectively raise the risk consciousness; To the illegal crime clue that discovers, can report to concerned branch actively reflect.