Bitmain Competitor to Go Public on the NASDAQ
Main page News, Mining, IPO

MicroBT, the Chinese manufacturer of the crypto mining devices Whatsminer, has plans to go public on the US NASDAQ, 8btc has reported citing several sources.

MicroBT is the world's second largest manufacturer of cryptocurrency mining equipment just behind Bitmain.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

According to the publication, MicroBT started to consider listing on this US stock market in early 2019. However, the company's plans were affected by the prosecution of its founder Yang Zuoxing. The former Bitmain employee allegedly played an essential role in the success of the company's flagships Antmainer S7 and S9. Zuoxing left Bitmain in June 2016 after the company's co-founders denied him a stake in the business. He founded MicroBT a month later.

According to reports, MicroBT completed a $700M funding round in January 2019.

Mining firms Canaan and Ebang are already listed on the NASDAQ.

Read also:
Please describe the error