Jihan Wu, another co-founder of Bitmain, now has taken over Zhan’s responsibilities.Įarlier this week, Bitmain rival Canaan Creative also publicly filed for a U.S. Just yesterday, Bitmain went through a corporate restructuring exercise and its co-founder and executive director Micree Ketuan Zhan was ousted abruptly. SBI Securities, is a wholly-owned subsidiary of SBI Capital Markets Ltd and a part of the State Bank group, the largest conglomerate in India which offer. Join our network of investors to access shares of companies before they IPO. But that application eventually lapsed in March.Īccording to the Tencent report, Bitmain has now also hired Zheng Hua, the former representative of Nasdaq China, as a consultant to the company, in order to increase the probability of its listing on a U.S. TreeBR shares represent Carbon Removal Stock backed by the Amazon Rainforest. BitPay provides enterprise-grade bitcoin payment solutions for businesses. The figure is drastically down from its previous target of raising up to $3 billion when Bitmain had filed an IPO application to be listed on the Hong Kong Stock Exchange (HKEX). However, according to a report by Bloomberg in June, Bitmain was looking to raise roughly $300-500 million in the U.S. AMTD Digital Inc - ADR (NYSE: HKD) shares are up more than 100 Tuesday, but that pales in comparison to the more than 30,000 surge in the stock since its IPO. Wednesday's report did not mention the amount Bitmain is looking to raise through the U.S. A Deutsche Bank spokesperson declined to comment to The Block. such as stocks, bonds, land titles, or perhaps frequent flyer miles. Tencent News reported the news on Wednesday, saying that the sponsor for Bitmain’s IPO application is German multinational Deutsche Bank. Examples: BitPay, Abra, CryptoPay, Ripple XRP (used by over 100 banks) and now. with the Securities and Exchange Commission (SEC). Cryptocurrency miner manufacturing giant Bitmain Technologies is said to have secretly filed an initial public offering (IPO) application in the U.S.
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