PE-backed Chinese crypto player set for Hong Kong IPO
Bitmain, a five-year-old Chinese company that is the dominant global player in manufacturing chips for bitcoin mining, with revenues ballooning nearly tenfold to $2.5 billion last year, has filed for a Hong Kong IPO.
Aggregate private funding for Bitmain stands at nearly $785 million, including rounds of $292.7 million and $442 million – described in the prospectus as Series B and Series B-plus – that closed in...
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