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Large Bitcoin Mining Hardware Presents Next-Generation Equipment

Large Bitcoin Mining Hardware Presents Next-Generation Equipment

Ebang Communication, a large Bitcoin mining hardware manufacturer based in China, applied for an initial public offering (IPO) with the Hong Kong Stock Exchange (HKEX) on June, 25. 

Details on how much Eband is seeking to raise and what is the precise valuation of the company are still unknown. According to Ebang’s IPO application filing, they had earned $141 million in 2017 – almost 18 times more compared to 2016. The company is announcing the release of Bitcoin miners equipped with next-generation 7nm semiconductor chips, developed by Japanese tech conglomerate GMO and launched this spring.

3 Bitcoin Mining Companies Appear on the Unicorn List

3 Bitcoin Mining Companies Appear on the Unicorn List

For the first time, bitcoin mining projects have been added to the list of “unicorns” – a rating of privately owned companies valued over $1 billion.

Climbing up to the Top 

Hurun Research Institute based in Shanghai published a report featuring 3 Chinese cryptocurrency companies: Bitmain is ranked 13th on the list since its value reached as much as 70 billion yuan (approximately $10.3 billion). Two other firms to be listed are Canaan Creative valued at $3 billion and Ebang worth circa $1.5 billion, which are at the 32nd and 53rd positions respectively. 

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