Bitmain’s $18 Billion IPO in Jeopardy as Q2 Earnings Report Looms


If Bitmain wants to have their much‐touted $18 billion IPO before the end of 2018 as announced they had better get a move on. In fact, at the rate their financial data is currently leaking, their pool of potential investors is shrinking daily.

The first hints that all was not necessarily hunky dory came back in mid‐August from Blockstream CSO, Samson Mow. The revelation that Bitmain had sold most of their Bitcoin (BTC) for Bitcoin Cash (BCH) rightly concerned investors.

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