Bitfury Could Be The Next Bitcoin Mining Company to IPO: ReportBTC Casino / 26th October 2018
Bitfury, one of the largest non-Chinese cryptocurrency mining companies, is reportedly eyeing an Initial Public Offering (IPO) to become the very first major public listing within the cryptocurrency industry on the old continent.
Bitcoin Price Analysis: BTC/USD Short-Term Area of Interest Holding
Friday October 26, 2018
Bitcoin recently fell through support around the $6,550 area and dipped to a low of $6,460 before pulling up. The broken support appears to be holding as resistance and price […]
The post Bitcoin Price Analysis: BTC/USD Short-Term Area of Interest Holding appeared first on BTC Casino Gambling.
$3 to $5 Billion Valuation
Citing sources familiar to the matter, Bloomberg reports that European cryptocurrency mining company Bitfury is examining a broad range of options for its public offering. These include raising debt financing or even selling a minority stake of its ownership.
Germany Gets First Bitcoin ATM In Years (But How Long Will it Stay?)
Friday November 02, 2018
Germany has received its first ever legally-sanctioned Bitcoin ATM (BTM) following a landmark legal ruling — but its longevity is already in doubt. Munich Machine Hangs On Court Ruling As […]
The post Germany Gets First Bitcoin ATM In Years (But How Long Will it Stay?) appeared first on BTC Casino Gambling.
Reportedly, should the company move forward with a potential IPO in the next two years, it could reach a valuation ranging between $3 and $5 billion. Of course, these numbers can vary based on the current market condition as well as the overall health of the industry, according to Bloomberg’s sources.
Additionally, Bitfury has supposedly contacted global investment banks in Amsterdam, London, and Hong Kong, ahead of the purported IPO.
The company announced the release of their new ASIC chip last month, as well as a new generation of Bitcoin mining hardware.
In Bitmain’s Footsteps
While it’s unlikely that Bitfury will go through with its purported IPO throughout 2018 as we’ve already halved the fourth quarter, 2018 saw other cryptocurrency mining companies go public as well.
Earlier in May, Canaan Creative, a Chinese company better known for their Avalon ASIC lineup, officially filed $1 billion in IPO funding with the Hong Kong Stock Exchange.
In July Bitcoinist reported that Bitcoin mining giant Bitmain is also purportedly eyeing an IPO with a staggering $14 billion valuation.
However, a set of leaked documents suggested that just about $105 million of the company’s assets were cash, while $1.17 billion were held in cryptocurrencies, raising concerns because of the overall state of the market in 2018.
What do you think of Bitfury’s reported plans to go public? Don’t hesitate to let us know in the comments below!
Cryptocurrency ‘Code Of Conduct’ Comes From Circle, Coinbase and Others
Thursday November 01, 2018
Circle, Coinbase and ConsenSys are among the group of “founding members” choosing to leverage crypto nonprofit Global Digital Finance to create new ethics standards. Businesses Will ‘Demonstrate Professional Standards’ In an […]
The post Cryptocurrency ‘Code Of Conduct’ Comes From Circle, Coinbase and Others appeared first on BTC Casino Gambling.
Images courtesy of Shutterstock, Bitcoinist archives
The post Bitfury Could Be The Next Bitcoin Mining Company to IPO: Report appeared first on Bitcoinist.com.