Bitmain’s IPO Turning Controversial, Company’s False Claims Building Up

  • Yuri Molchan
    📰 News

    The world’s largest producer of mining chips has been frequently on the news due to the reports regarding its claims about companies taking part in the coming IPO


Bitmain’s IPO Turning Controversial, Company’s False Claims Building Up

The world’s largest producer of mining chips founded and run by Jihan Wu has been frequently on the news for the past week due to the reports regarding its claims about large companies taking part in the coming IPO as pre-investors.

Nevertheless, the Chinese giant Tencent and SoftBank Group that were reported to be among those investors, are publicly denying their involvement.

The crypto community starts expressing their doubts regarding the scheduled IPO, besides, some are wondering why Bitmain is showing potential investors only their financial results for Q1 2018, flooding the social media with skeptical comments.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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