Crypto mining giant Bitmain files for official an IPO.
According to Tech Сrunch report, a Chinese manufacturer of cryptocurrency mining equipment Bitmain Technologies officially submitted its IPO prospectus with the Stock Exchange of Hong Kong.
The document is mostly devoted to the financial reporting of the company and explains such concerning data for investors as, for example, heady asset and inventory grow and negative net income at the end of 2018 financial year. The main aim of the document is to convince investors that the company will continue to grow in long-term.
Bitmain is the world’s leading manufacturer of mining equipment, computing chips, and software. During the last year, more than half of all Bitcoins was produced with Bitmain's ASIC-based cryptocurrency mining kit.
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