Bitfury could launch an IPO
The infrastructure provider for bitcoin mining seeks to generate more income and investment funds
The startup responsible for manufacturing mining rigs, Bitfury, would be about to launch its own Initial Public Offering (IPO) to generate more funds.
Although the decision has not yet been made, according to sources close to the company, Bitfury is exploring a wide range of options for finding new investments.
The startup intends to quote in Amsterdam, London or Hong Kong and, if they are open to the public, in the next two years could be valued between three thousand and five billion dollars.
Sources close to the company said that uncertainty about the future of cryptocurrencies and the lack of uniform regulation have led some investment banks to avoid advising on such IPOs.
Bitfury expects prices to rise in the coming days following a series of announcements, such as the development of a new ASIC chip for mining and integration with new technologies.
K. Tovar
Source: Bloomberg
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