A lot of money: Bitmain has earned a billion dollars in the first quarter. The company goes to IPO

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2018-08-01 14:00:06

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A lot of money: Bitmain has earned a billion dollars in the first quarter. The company goes to IPO

continues to capture a growing market of mining Bitcoin and cryptocurrency. Previously, company representatives announced plans for the IPO. Now the largest manufacturer of Asimov received $ 1.1 billion profit for the first quarter of 2018, according to .

the

Who mines most of all

Information about the record profits of the company were received in an anonymous letter from an insider. He confirmed that Bitmain has earned $ 1.1 billion in the first quarter of this year. We will remind, last year the company managed to collect only $ 1.2 billion. Analysts suggest that by the end of 2018 profit Bitmain will reach $ 3 billion.

The mining Giant is also considering plans to float an IPO. Recently the CEO of Bitmain Jihan Wu spoke about the initiative of the ICO in Hong Kong. If Wu wins, Bitmain can follow in the footsteps of firms Canaan Creative, which is also to hold its IPO.

The Main reason for the initiative Gihan Wu was the desire to allow large investors to significantly increase their profits. If the IPO is successful, their dividends can increase at least ten times. The shares sold in the IPO will be denominated in U.S. dollar.

Recall the last time among cryptocommunist concern about the monopolization of mining. At the moment Bitmain controls 31.7% Hasrat Bitcoin. This figure may soon increase again as the company recently acquired a new office in Silicon Valley in 1858 square meters.

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