China’s Crypto Firm Bitmain Technologies Files For HK IPO

Beijing-based cryptocurrency mining giant Bitmain Technologies Ltd. has filed an application to go public on the Hong Kong Stock Exchange. The financial terms of the offering has not been disclosed. Bitmain became the largest cryptocurrency mining chips provider in 2017, with a global market share of about 85%, said investment manager Sanford C. Bernstein & Co. The company has unveiled its first public financial statements in a Hong Kong regulatory filing on Wednesday. The filing came after months of speculation about the company’s listing …

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