Beijing-based Bitcoin miner and mining chip designer Bitmain Technologies Ltd. is considering an initial public offering in Hong Kong or in an overseas market with U.S. dollar-denominated shares, Bitcoin’s co-founder Jihan Wu told Bloomberg in an interview. Wu did not disclose the size of its IPO but Bloomberg estimates the valuation of the firm to be about US$8.8 billion by applying a multiple similar to that of publicly listed chipmakers such as Nvidia Corp. and MediaTek Inc, even though it …

Chinese Bitcoin Mining Chip Maker Bitmain Considers IPO appeared first on China Money Network.


Visit the original source and full text: China Money Network