Chinese Crypto Giant Bitmain Considers IPO – Bitcoints

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Published on June 9th, 2018 | by bitcoin

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Chinese Crypto Giant Bitmain Considers IPO

Chinese Crypto Giant Bitmain Considers IPOBitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering.
“Bitmain is trying very hard to maintain its advantage,” he explained, commenting that the company has dominated the mining scene since it first came to fruition.
A Bitmain spokesperson told Bitcoin Magazine that Canaan beating Bitmain to the punch is not something executives are overly concerned about.
“There certainly isn’t a race to be the first crypto-mining company to go IPO.
“They’ll have a premium for their valuation because there are very few stocks like Bitmain in Hong Kong,” he said.

Source: Bitcoinmagazine.com

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