比特大陆完成5.6亿美元融资 或9月向港交所递交招股书-LeiNews

What happened: Bitmain, the dominant force in bitcoin mining, has reportedly secured $560 million in funding. Local media reported that the company has geared up for an $18 billion IPO on Hong Kong stock market around the beginning of next year. Bitmain has not yet confirmed the funding and IPO details publicly.

Why it’s important: If true, the current funding comes shortly after a $1 billion round led by China International Capital Corporation. As the largest crypto mining equipment maker, Bitmain is accelerating its IPO schedule, while two of its largest competitors Canaan Creative and Ebang have been moving ahead in going public.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.