Yuri Molchan

Bitmain Plans to Raise $3 Bln in IPO

Bitmain mining giant expects to collect up to $3 in the coming Hong Kong IPO
Bitmain Plans to Raise $3 Bln in IPO

In September 2018, the Chinese startup, a leader in producing mining chips led by Jihan Wu plans to place its shares on the Hong Kong stock exchange. Recently, the company has carried out a private funding round during which Bitmain was valued at $15 bln.

Details of the listing are not publicized yet.

Bitmain provides about 80 percent of mining equipment to the market. If it succeeds with the IPO, it will be the company’s first move outside the crypto industry.

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