Published On: Fri, Jun 8th, 2018

Chinese Cryptomining Chip Giant Bitmain Is Considering an IPO

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Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.Bitmain’s 32-year-old founder Jihan Wu says he’s chiefly examining the possibilities of a listing in Hong Kong or “an overseas market with U.S. dollar-denominated shares.” This, he says, would give early investors the chance to cash out.“Bitmain is trying very hard to maintain its advantage,” he …

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