Miner Maker Ebang Reports ‘Significant’ Profit Drop in New IPO Filing

Crypto mining equipment maker Ebang has refiled its draft IPO prospectus with the Hong Kong Stock Exchange (HKEX), stating it has seen “significant decreases” in revenue and gross profit in Q3 2018. According to the HKEX filing database, Ebang submitted the new draft application on Dec. 20 with disclosures of its financial information up until […]

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Hong Kong Exchange ‘Hesitant’ to Approve Bitmain IPO, Says Source

The Hong Kong Stock Exchange (HKEX) is reluctant to approve the initial public offering (IPO) applications of Chinese bitcoin mining equipment manufacturers, according to a person involved in the talks. Following the 2017 cryptocurrency market boom, mining giants Canaan Creative, Ebang and Bitmain applied in May, June and September of this year, respectively, to sell […]

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