China-based “Bitmain” files for IPO

China-based “Bitmain” files for IPO

China-based Bitmain, the world’s largest provider of crypto mining hardware, filed to go public in Hong Kong. Revenues have surged in recent quarters, passing $2.8 billion in the first half of 2018. Bitmain has opened the inner details of its business after it submitted its IPO prospectus with the Stock Exchange of Hong Kong.

The company grossed more than $2.5 billion in revenue last year, a near-10X leap on the $278 million it claims for 2016. Already, it said revenue for the first six months of this year surpassed $2.8 billion.

About Bitmain :

Bitmain is a privately owned company headquartered in Beijing, China, with offices in Shenzhen, Shanghai, Chengdu, Hong Kong, Fuzhou, US, Israel, Netherlands and Switzerland. It is the world’s largest designer of ASIC chips for Bitcoin mining.

China-based “Bitmain” files for IPO < Business News



error: Content is protected !!