Mountain of money: Bitmain rating increased by $ 3 billion during the pre-IPO

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2018-08-09 21:45:05

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In late June, the world's largest manufacturer of equipment for mining and the owner of AntPool pool on the production of 42 percent of all Bitcoin blocks during the week. The company also is nearing 51% Hasrat network that seriously bothers the opponents of centralization.

The company is doing great — Bitmain has closed a round of pre-IPO with a valuation of $ 15 billion. The market value of the company grew by attracting investment from Uber, Softbank and Tencent, writes .

How much Bitmain

The public portion of the IPO will begin in September on the Hong Kong stock exchange in which it intends to increase the rating by half to $ 30 billion. And Bitmain has all the chances to reach the top. As of February, the device company 70-80 only used in the world of equipment for mining cryptocurrency.

In late July, it was reported that Bitmain has earned nearly a billion dollars in net profit for the first quarter of 2018. During the same period, the company closed a financing round of series B in the amount of us $ 300-400 million, increasing its valuation to $ 12 billion.

Earlier, representatives of the Bitmain reported that in the framework of expansion in the American market company will invest $ 500 million in the construction in Texas of the centre and mining-farm. Both objects can earn in 2019.

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