Bitmain is preparing to come out on the stock exchange

China's Bitmain Technologies Mining Producer intends to submit documents for a primary bidding offer, Forbes reports.
According to media reports, the company will seek a valuation of its $ 14 billion business after its $ 12 billion asset valuation in September. What is not yet known is where Bitmain will choose to hold its IPO on the New York or Hong Kong Stock Exchange.

Established in 2013, Bitmain Technologies produces its own Bitcoin mining equipment and is the operator of the largest mining operations. Besides using the equipment for his benefit, the company sells hardware to outside countries as well.

Bitmain's most serious investor is the Sequoia Capital venture capital fund.

The newspaper writes that, although it is not easy to calculate the company's share of Bitcoin hardware manufacturers, it is approaching 70% -80%.

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