Bitfury Group, a full-service blockchain company, is planning to go public in the next 12 months as Europe’s largest cryptocurrency listing, The Telegraph has learned. While the details of the listing remain undisclosed, the company has reportedly selected Deloitte to advise with its plains going public.
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Bitfury, which is currently valued at around $1 billion, would also be seeking a "much higher valuation" before listing. The likely price tag is set at the "billions of pounds," the report says. Bitfury is expected to list its shares in the City or on Euronext in Amsterdam. As of press time, neither Bitfury nor Deloitte have officially commented on the news.
Last year, Bitfury launched an institutional investor-focus program that helps big investors and family offices diversify their portfolios into cryptocurrency infrastructure. With the help of the program, these investors can invest in Bitfury's tier data centers across North America and other regions through bespoke investment vehicles.
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