THELOGICALINDIAN - The close will become one of abounding crypto mining companies that accept gone public
The Bitcoin mining behemothic Bitfury has accepted that it affairs to backpack out an antecedent accessible alms (IPO) in the abreast future.
Bitfury IPO Is On the Way
Bitfury CEO Valery Vavilov accepted its affairs to crypto account armpit Cointelegraph on Oct. 18, advertence that the close “will be because an IPO as allotment of its broader amplification and advance plans.”
The aggregation has not yet appear a date for its IPO, nor has it declared which barter it will barrage the IPO on.
U.K. account aperture The Telegraph previously reported that Bitfury would assignment with the consulting close Deloitte in alertness for an IPO. At that time, the IPO had not been accepted by Bitfury itself.
Bitfury’s offices are based in the Netherlands, while the aggregation is accurately based in the U.K. The alms will acceptable be the better IPO from a European cryptocurrency aggregation to date.
Bitfury is currently admired amid $500 actor to $1 billion.
Mining Companies Embrace IPOs
Bitfury is one of abounding Bitcoin mining firms that accept gone public. Last week, Stronghold Digital Blockchain launched its IPO on Nasdaq. In September, Argo Blockchain ran its own auction via Nasdaq. Other crypto mining companies including Riot, HIVE, Marathon, and Canaan accept additionally agitated out IPOs in contempo years.
Bitmain and MicroBT are additionally planning to backpack out their own IPOs. However, neither close has accomplished those plans.
IPOs are acceptable accepted amid mining companies due to the actuality that they assignment primarily with accouterments rather than cryptocurrency itself. As such, they do not face the aforementioned regulations as exchanges, brokerages, and added companies that accord in crypto.
Disclaimer: At the time of writing, this columnist captivated beneath than $75 of Bitcoin, Ethereum, and altcoins.
