The World's Largest Maker Of Bitcoin Mining Chips Is Reportedly Hoping To Enhance $18 Billion Inward What Could Last 1 Of The Largest Ipos Inward History

As mentioned a pair weeks ago, these numbers don't appear to add together up.

From Business Insider, August 10:

• Cryptocurrency mining chip maker Bitmain hopes to heighten $18 billion for an IPO inward the coming months, according to documents obtained past times CoinDesk.
• If the companionship raised $18 billion at a marketplace capitalization of $40 to $50 billion, that could piece of occupation inward the largest IPO inward history.
• In June, Bloomberg reported that Bitmain was planning to larn world to farther its pursuits inward producing hardware for artificial news technology.

The world's largest producer of cryptocurrency mining chips, Bitmain, is planning to file for an initial world offering inward September, according to documents obtained past times CoinDesk.
According to the documents, CoinDesk reports Bitmain's proposed world offering could cease upwardly existence the largest inward history: The companionship reportedly hopes to heighten $18 billion IPO on the Hong Kong Stock Exchange at a marketplace capitalization of $40 to $50 billion.

While Bitmain's primary manufacture has been producing integrated circuit chips used to algorithmically "mine" cryptocurrencies similar bitcoin, the companionship latterly began to manufacture chip hardware for the artificial news industry.

Bitmain is headed upwardly past times 32-year-old Jihan Wu, who founded the Beijing-based companionship alone 5 years agone amongst the vision that digital currencies would hold out the de facto money of the future.

In June, Bloomberg reported that Wu was considering taking his companionship world in addition to that Wu plans to put Bitmain equally a ruthless competition inward the circuit chip industry....MORE

Previously:
July 30 
"Bitcoin Miner BitMain Says It Earned $1.1 Billion In Q1 2018; Plans IPO"
November 2017 
Did Anyone Do Even a Minimal Check on the Sensationalist Bitcoin Electrical Consumption Story?
November 2017 
"Why the Biggest Bitcoin Mines Are inward China"
August 2017 
China’s Bitmain dominates bitcoin mining. Now it wants to cash inward on artificial intelligence