Bitfury, a leading mining firm and blockchain software company, is reportedly in talks with global investment banks in Europe and Hong Kong as it mulls an Initial Public Offering (IPO), according to Bloomberg sources close to the matter.The source also indicated that Bitfury is mulling other strategic options alongside the IPO, including debt financing or selling a partial stake in the company. If the mining giant does hold an offering, it’ll reach for an estimated $3 to $5 billion valuation. The offering, which could begin trading as early as next year, could mark Europe’s first public offering by a cryptocurrency company.A representative from Bitfury told Bitcoin Magazine, “At this time, we don’t have any information or comment on that report.”Headquartered in Amsterdam and London, Bitfury also has offices in the U.S., the U.K., South Korea, Hong Kong and Japan and recently opened its seventh office in Russia. Since its beginnings as a bitcoin mining firm in 2011, Bitfury has developed a range of blockchain software for governments, institutions and interested companies. Recently, the company worked with the Republic of Georgia to put land titles on the blockchain.Bitfury is mostly known for its blockchain product Exonum, an open source enterprise-grade blockchain framework created to allow businesses and individuals to build blockchain networks that solve administrative issues. The company reportedly...
