Reports which cane The ledger states that Bitmain are planning on an initial private offering in Overseas. The ledger also got news that they are already getting their financial plans ready before the Overseas IPO. Just June this year, Jihan Wu, the co-Founder already stated he's looking to hold IPO where there is US domsinated shares.
Bitmain reportedly earned 1billion dollars in net profit this year Q1 and are looking to get more funds in their funding round which will be higher than that of June. They are showing their transparency in the cryptocurrency ecosystem by showing giving figures from their revenues from the mining and mining equipments ahead of the coming fund raising round.
An IPO will bring a lot of money to this company.
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