💰 Bitmain hoping to receive another nine-figure fund injection prior to IPO
According to the Chinese news outlet Touchweb, Bitmain is hoping for a new funding round that will be completed by the end of this month. It is expected to increase Bitmain's valuation to $15 billion prior to the company's IPO on the Hong Kong Stock Exchange (HKSE), which is tentatively scheduled for later this year. Bitmain has reported that the company's revenue has reached $2.5 billion.
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