Bitmain has now been planning to launch an Initial Public Offering (IPO). Reportedly, investment giants Tencent and SoftBank are backing this idea.
Latest reports indicate that Bitmain, which made $1.1 Billion in the first quarter of this financial year, is all set to file for an IPO shortly.
In what appears to be a pre-IPO funding, Bitmain has raised $400 Million - thanks to a major funding from Sequoia Capital. Bitmain is now worth $12 Billion.
Jihan Wu is looking forward to taking Bitmain beyond the crypto markets - and considering to launch an IPO in Hong Kong that will take the company public!
As per some media reports, the company is in discussion with various investment banks for the same.
China’s second largest cryptocurrency mining hardware manufacturer Canaan Creative is all set to launch an IPO in Hong Kong. The company intends to raise $1 Bn.
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