Bitmain Will Reapply For IPO
Main page News, Mining, IPO

Chinese mining giant Bitmain has confirmed its application to go public on the Hong Kong Stock Exchange (HKEx) has expired. At the same time, the Chinese company has announced it plans to file a new application.

Bitmain has not revealed when it plans to file its new application, however, it has stated that "we will return to work on the application and it will be filed at the right time in the future."

The company has also reported that it plans to make changes to its leadership:

"As part of our new operating model, Haichao Wang has been appointed as CEO of the firm. Micree Zhan and Jihan Wu, co-founders of Bitmain, will continue to serve as directors to guide the company's strategic development."

Moreover, Bitmain has reported that it will "focus" on chips for the crypto and AI industries as well as on their related products and services:

"We have established clear business divisions for mining hardware, IA, mining farms and mining pools."

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