Two Chinese bitcoin mining equipment. billion Hong Kong – Bitcoints

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Published on May 15th, 2018 | by bitcoin

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Two Chinese bitcoin mining equipment. billion Hong Kong

Two Chinese bitcoin mining equipment. billion Hong KongHONG KONG (Reuters) – Two Chinese bitcoin mining equipment makers plan to raise up to $1 billion each from Hong Kong listings this year, riding on strong global interest in cryptocurrencies, IFR reported on Tuesday, citing people familiar with the plans.
REUTERS/Dado Ruvic//File Photo Canaan Creative filed a listing application to the Stock Exchange of Hong Kong on Monday, IFR, a Thomson Reuters publication, reported.
Zhejiang Ebang Communication has also started working with advisers on a proposed Hong Kong float of up to $1 billon, reported IFR.
Chinese bitcoin mining equipment makers are hungry for capital to fund their growth as the heightened interest in cryptocurrencies has led to a surge in demand for their machines.
Canaan, which sells “Avalon” mining machines with customised super-fast ASIC chips, made revenue of more than 1 billion yuan in 2017.

Source: News.google.com

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