Cryptocurrency Short News

Bitmain Under Radar as It Files For Secret IPO in the US SEC

Chinese cryptocurrency miner Bitmain Technologies has secretly applied for an IPO in the US Securities and Exchange Commission (SEC). The report says that German multinational Deutsche Bank is the main sponsor of this secret IPO application. Bitmain has not yet revealed the amount it intends to raise. However, an earlier report had mentioned that Bitmain expects to raise $300 million – $500 million in its US offering. Furthermore, Bitmain had applied for a $3 billion IPO on the Hong Kong Stock Exchange (HKEX). However, the IPO had to be scrapped. 

Bitmain has hired Zheng Hua, the former representative of Nasdaq China, as a consultant.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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