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Aya Lin · · 1 min readIn brief: China’s Bitmain revisits IPO plans amid Bitcoin’s one-year high, sources say
- Leading cryptocurrency mining chips producer Bitmain is currently working with advisers as it prepares to revive plans for an initial public offering amid Bitcoin reaching a one-year high, Bloomberg reported, citing people familiar with the matter.
- The Chinese company is planning on proceeding with a US share sale that could take place as soon as the second half of 2019, the people added.
- It was previously reported that the cryptocurrency mining giant pursued a Hong Kong IPO of as much as US$3 billion, but has let its application lapse.
Editing by Dante Gagelonia
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