MINING HARDWARMECETER BITFURY PLANT SPELAY INTER
MINING HARDWARMECETER BITFURY PLANT SPELAY INTER
Bitfury, the leading non-Chinese manufacturer of Bitcoin-Mining hardware, plans to go to the stock exchange over the next 12 months. This would be one of the largest lists of a cryptocurrency-mining hardware company based in Europe. The company had an assessment of $ 1 billion after its last round of financing and is supported by companies like Galaxy Digital by Mike Novogratz.
Bitfury goes to the stock exchange
in European marketsBitfury, one of the most important manufacturers of cryptocurrency mining hardware in Europe, is supposedly Planning go to the stock exchange in European markets. According to a published article, the company, which specializes in the provision of hardware for Bitcoin mining and services related to this hardware, is said to have contacted one of the four major auditing companies in order to assess its readiness for the process of issuing shares in a regulated market by telegraph.
The company wants to benefit from the bull market for cryptocurrencies in order to achieve better performance with public markets. The last financing round of Bitfury in In 2018, the company collected $ 80 million from investors such as Mike Novogratz from Galaxy Digital and achieved an assessment of $ 1 billion. Bitfury allegedly checks Amsterdam or London as a possible market for its public offer.
Other crypto companies go to the stock exchange
If Bitfury makes the leap to a listed company, it would not be the first in crypto. At the beginning of this year, Coinbase, one of the leading US cryptocurrency exchanges, went to the stock exchange and offers dealers the opportunity to invest in the future of the crypto world without investing directly in cryptocurrencies. The company reached an assessment of $ 50 billion after the stock market. Other companies related to cryptocurrency mining are already trading in public markets.
Kanaan mining, an Asian manufacturer of crypto-mining hardware US markets in November 2019 and earned $ 90 million. Bitfury is also the parent company of Cipher Mining, which is already traded on Nasdaq Spac Deal with Good Works Acquisition Corp. Bitfury still has a minority stake in the company.
According to an estimation, the company's assessment could increase to billions of dollars after the listing after the list after it had achieved sales of more than $ 140 million in 2019. This indicates the increasing importance of Bitcoin in the economic and geopolitical world according to the Bitcoin of El Salvador Hin Law last month, and more and more companies are considering investing in Bitcoin as inflation protection.What do you think of Bitfury's plans to go to the stock exchange? Tell us in the comment area below.
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