Cryptocurrency mining giant Bitmain continues to gain attention over its initial public offering (IPO) as critics raise the alarm over its financial outlook. Bitcoin Cash Bets As Bitcoinist reported at the end of July, the manufacturer announced its plans to hold a $14 billion IPO before the end of 2018, having achieved Q1 profits of over $1 billion. Since then, data about the offering to pre-IPO investors have raised suspicions over Bitmain’s prospects, doubts specificallyRead MoreThe post Bitcoin Cash Crunch: Bitmain IPO Makes Crypto Industry Uneasy appeared first on Bitcoinist.com.
