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Report: Bitmain IPO Document Reportedly Reveals $500 Million Q3 Losses

Published 2019-02-19, 02:33 a/m
Report: Bitmain IPO Document Reportedly Reveals $500 Million Q3 Losses
BTC/USD
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Bitcoin (BTC) mining giant Bitmain could have made losses of around $500 million in Q3 last year, industry magazine CoinDesk reported on Feb. 19, citing a company document.

Bitmain, which is currently attempting to launch an initial public offering (IPO) under the auspices of the Hong Kong Stock Exchange (HKEx), submitted a report into its earnings in line with listing requirements.

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