According to the news, Bitmain, the world’s largest crypto money mining company and constantly breaking records in profit rates, will hold its public offering in September. The company, which will be offered to the public on the Hong Kong Stock Exchange, is expected to generate revenues of $18 billion with a market value of between $40 – $50 billion. It will have surpassed Facebook’s $16 billion earnings and will be among the 10 largest IPOs in history.
The company’s founder, Jihan Wu, predicted that cryptocurrencies could replace fiat currencies when establishing the Bitmain company. While the company was first engaged in producing devices and chips used for cryptocurrency mining, the artificial intelligence industry has also been involved. It is predicted that it will pass and rise to the top.
Being so strong in the mining industry before, it was claimed that the company would completely dominate the Bitcoin network. However, the company made a statement on the subject and stated that I did not have such a situation.