The world's dominant producer of cryptocurrency mining chips (ASICs) has rung up a $2bn revenue quarter ($1bn of profit) as it explores a IPO in a valuation range of $40 - $50mb. The company is also looking to launch their own AI chips by the end of this year as well.
Wu has said that a Bitmain IPO would be a “landmark” for both the company and the cryptocurrency space. However, with the current rich crypto private market financing, it’s not so bad of an idea to continue to raise private money and stay out of the public eye. Once Bitmain’s financials become more diversified and cryptocurrency becomes more widely adopted worldwide, the world may then be ready for this $10bn revenue blockchain company.