Cryptocurrency mining giant Bitmain Technologies, Ltd. has been preparing for an IPO in recent weeks. According to Coindesk, Bitmain could be seeking to raise as much as $18 billion in a public offering, which would value the company between $40 billion and $50 billion. This comes after Bitmain reported $1.1 billion in profit in 2017, [...] Read more on ETFtrends.com.
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This article was provided by our partner Tom Lydon of etftrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
