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Bitmain's New IPO Attempt in Jeopardy as In-Fighting Goes Public

Published 11/02/2019, 10:10 AM
Updated 11/02/2019, 11:41 AM
Bitmain's New IPO Attempt in Jeopardy as In-Fighting Goes Public

In 2017, Bitmain ruled the roost and all eyes were on China, but 2018 was a barren year for cryptocurrency. Prices plummeted. Companies crumpled. The long-awaited initial public offerings of two crypto mining titans, Bitmain and Canaan Creative, failed at the final hurdle as the crypto winter humbled even the most ambitious crypto companies.

But not for long. After biding their time in the shadows, following months of rumors and tumultuous events, the two hardware behemoths are filing to go public in the United States.

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