It's one of the largest suppliers of ASIC Miners in the world. In fact, almost all of the ASIC's are from them, so now you might understand how big they are.
Recently they gave us the news that they are going to do an IPO which stands for Initial Public Offering in Hong Kong. Now, this is kind of a surprise to me as I believe IPO's or ICO's are done to raise Capital and being the number one ASIC manufacturer in the World I don't believe that they are in such need of Capital.
So why is this IPO taking place now?
I am kind of confused about this. Do any of you guys have any idea as to why it's happening?
Their income has dropped a lot with the price of Bitcoin dropping .
They are heavily invested in BCH and its success which has lost its market share.
The block size is halved every 6 months so returns are always diminishing.
So its likely they are trying to cash out and you would be craxy to invest.
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You got a 39.80% upvote from @ocdb courtesy of @arunava!
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