Business 19 February 2019

Bitmain continues to post revenue losses

Cryptocurrency mining equipment manufacturer Bitmain is still grasping to hope that it will be able to pull off its initial public offering.

Business 13 February 2019

Canaan Creative co-founder leaves crypto miner maker: report

Internal disagreements have reportedly sent Xiangfu Liu, one of the three founders of Bitmain’s crypto mining rival Canaan Creative, packing.

Editorial 30 January 2019

An exclusive look inside BitPay

Bitpay hasn’t publicly discussed any kind of IPO but according to documents exclusively obtained by CoinGeek, it is suffering from some of the same problems as Bitmain.

Business 25 January 2019

OKCoin founder buys Hong Kong-listed public company

The founder of crypto exchange OKCoin, Star Xu, has acquired a controlling share in a Hong Kong-listed public company, leading to speculation the firm could be gearing up for a reverse IPO.

Business 25 January 2019

HK stock exchange chief takes a swipe at Bitmain’s IPO attempt

SEHK CEO Charles Li Xiaojia responded to media questions about the status of initial public offering (IPO) applications of three cryptocurrency mining hardware manufacturers—Bitmain Technology, Canaan Creative, and Ebang International Holdings.

Business 23 January 2019

Bithumb could go public in the US

The controlling backer of Bithumb, Singapore-based holding company “BTHMB,” is going to acquire a public company in the U.S., which would allow it to be listed on a U.S.-based stock exchange.

Business 8 January 2019

Crypto miner maker Canaan eyes going public in New York: report

One of Bitmain’s crypto mining rivals, Canaan Creative, has reportedly shelved its Hong Kong initial public offering (IPO) plan and moved on to greener pastures—New York.

Business 26 December 2018

Crypto miner maker Ebang reports profit drop in latest IPO attempt

Ebang has reported “significant decreases” in both revenues and gross profit over the third quarter of the year, in a refiling of its draft IPO prospectus with the Hong Kong Stock Exchange.

Business 26 December 2018

Confirmed: Bitmain facing major staff reductions

When Bitmain filed for its initial public offering a few months ago, it indicated that it had 3,594 full-time employees. That number has dwindled to around 3,100 and the personnel cuts—which reports indicate has affected over 1,000 employees—will lead the company to be nothing more than a shell of its former self.

Business 17 December 2018

‘Reluctant’ Hong Kong Stock Exchange puts Bitmain IPO in limbo

The Hong Kong Stock Exchange is reportedly “reluctant” to give their approval for Bitmain’s IPO application.

Business 6 December 2018

Bitmain IPO reportedly in ‘death spiral’ as losses increase

On a tweet by an avid follower of Bitmain, indicates that the equipment manufacturer is teetering more toward crashing into the ground.

Business 23 November 2018

Silvergate Bank serves close to 500 crypto ventures, IPO filing reveals

Silvergate Capital Corporation, the parent company of SilverGate Bank, has revealed its connections with the cryptocurrency industry.