— The email cites a KPMG audit of the business and reports that Bitmain produced $1.2 billion in net profit and an approximately 50% net margin in 2017. — Bitmain reportedly brought in $1.1 billion in net profit just in the first quarter of 2018. According to the email, a conservative estimate of what the company could earn in net profit for the full year hovers at approximately $2 to $3 billion. — The email also says that “Bitmain plans to file for an IPO very soon.”

http://fortune.com/2018/07/30/bitmain-valuation-profits/