Cryptocurrency giant Bitmain gives up on Hong Kong IPO amid lay-offs, leadership reshuffle

//Cryptocurrency giant Bitmain gives up on Hong Kong IPO amid lay-offs, leadership reshuffle

Cryptocurrency giant Bitmain gives up on Hong Kong IPO amid lay-offs, leadership reshuffle

Bitmain Technologies, the world’s biggest producer of bitcoin mining rigs, has given up on its plan to go public in Hong Kong, after the company struggled through mass lay-offs and a leadership reshuffle amid a prolonged bear market in cryptocurrencies.The Beijing-based company on Tuesday published a statement acknowledging that its IPO application – filed in Hong Kong on September 26 – had reached its six-month expiration date. “We will restart the listing application work at an appropriate…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-03-26T04:43:10+00:00 March 26th, 2019|Technology|Comments Off on Cryptocurrency giant Bitmain gives up on Hong Kong IPO amid lay-offs, leadership reshuffle