Mining giant Bitmain can apply for an IPO in the US

The world's largest mining equipment manufacturer, Bitmain, is preparing to submit another application for an initial public offering (IPO), but this time in the US, not Hong Kong, Bloomberg reports, citing well-informed sources.

Thus, the company, the investment valuation of which last year, according to various sources, ranged from $ 3 billion up to $ 15 billion, intends to raise $ 300- $ 500 million, reports the publication. Relevant documents to the US Securities and Exchange Commission (SEC) will allegedly be submitted next month, and the IPO itself may take place before the end of the year.

Recall that Bitmain’s previous bid for an IPO on the Hong Kong Stock Exchange expired in March.

Earlier it was reported that Canaan Creative, one of Bitmain’s main competitors, is also considering an IPO in the United States.

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