Bitmain, the Bitcoin mining giant, would prepare an IPO in the United States
Bitmain, the Bitcoin mining giant, would prepare an IPO in the United States.
The Chinese site Tencent News indicates that Bitmain has quietly made a request for an IPO to the SEC (Securities and Exchange Commission).
This Chinese news site is said to be well informed by “anonymous” sources of course, referring to this request for an IPO managed by Deutsche Bank, a German bank specializing in investment and financial services.
Bitmain is a Chinese company very famous for mining Bitcoin BTC or in the manufacture of mining equipment to mine Bitcoin BTC cryptocurrency including BitMain AntMiner S9, AntMiner BitMain S7, AntMiner BitMain S5, BitMain AntMiner D3.
Bitmain is the leader in Bitcoin BTC mining in the world and leader in Bitcoin mining equipment.
The company has just opened the largest Bitcoin BTC mining farm in Texas, USA.
Read our article on this Bitcoin BTC mining farm which should reach the power of 300 MW!
It is unclear how much Bitmain would want to raise with this IPO in the United States but it seems that Bitmain co-founder Wu Jihan and financial director Liu Luyao have taken the lead in the IPO process.
There is currently a power struggle at Bitmain, the billionaire founder of Bitmain Technologies, Wu Jihan, announced Tuesday the resignation of its co-founder Micree Zhan Ketuan.
Micree Zhan Ketuan, who founded Bitmain with Wu jihan six years ago, no longer holds a position with Beijing-based Bitmain, Wu said in an internal memo.
The US IPO process will take several months, the SEC will review Bitmain’s application and see if there are any technical or legal issues.
The source that reveals Bitmain’s discreet IPO filing also indicates that the main problem for Bitmain and its IPO application would be its links with the company behind Bitcoin Cash (BCH).
We will see if Bitmain will confirm this news that is important if Bimain actually manages to get an IPO in the United States.