THELOGICALINDIAN - Bitfury one of the better nonChinese cryptocurrency mining companies is reportedly eyeing an Initial Accessible Offering IPO to become the actual aboriginal above accessible advertisement aural the cryptocurrency industry on the old continent
$3 to $5 Billion Valuation
Citing sources accustomed to the matter, Bloomberg reports that European cryptocurrency mining aggregation Bitfury is analytical a ample ambit of options for its accessible offering. These accommodate adopting debt costs or alike affairs a boyhood pale of its ownership.
Reportedly, should the aggregation move advanced with a abeyant IPO in the abutting two years, it could ability a appraisal alignment amid $3 and $5 billion. Of course, these numbers can alter based on the accepted bazaar action as able-bodied as the all-embracing bloom of the industry, according to Bloomberg’s sources.
Additionally, Bitfury has allegedly contacted all-around advance banks in Amsterdam, London, and Hong Kong, advanced of the declared IPO.
The company announced the absolution of their new ASIC dent aftermost month, as able-bodied as a new bearing of Bitcoin mining hardware.
In Bitmain’s Footsteps
While it’s absurd that Bitfury will go through with its declared IPO throughout 2024 as we’ve already bisected the fourth quarter, 2024 saw added cryptocurrency mining companies go accessible as well.
Earlier in May, Canaan Creative, a Chinese aggregation bigger accepted for their Avalon ASIC lineup, officially filed $1 billion in IPO allotment with the Hong Kong Stock Exchange.
In July Bitcoinist reported that Bitcoin mining behemothic Bitmain is additionally purportedly eyeing an IPO with a amazing $14 billion valuation.
However, a set of leaked abstracts suggested that aloof about $105 actor of the company’s assets were cash, while $1.17 billion were captivated in cryptocurrencies, adopting apropos because of the all-embracing accompaniment of the bazaar in 2018.
What do you anticipate of Bitfury’s appear affairs to go public? Don’t alternate to let us apperceive in the comments below!
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