Bitmain Plans to Raise $3 Bln in IPO

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Yuri Molchan
Bitmain mining giant expects to collect up to $3 in the coming Hong Kong IPO
Bitmain Plans to Raise $3 Bln in IPO
Cover image via U.Today

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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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.