Bitmain To Open New Data Center In Texas & Possible IPO

Bitmain has posted two job listings for two different data centers in the last month. The locations are said to be in Washington State and Texas.

This posting seems to show to that Bitmain is looking to expand their operations into the United States.

Wu Jihan, co-founder of Bitmain Technologies Ltd., poses for a photograph in Hong Kong, China, on Friday, May 18, 2018.

Bitmain Co-CEO Jihan Wu gave an interview with Bloomberg and stated he is considering  an Initial Coin Offering in Hong Kong and hinting at the possibility of making an IPO in the US Stock Market.

They recently announced a net profit of $1.2 billion in Q1, also bringing in approximately $2.5 billion in revenue. This could be huge for Bitmain, bringing their business to the US and reaping the benefits of an IPO & US Stock Market Shares. It also means that current companies such as Nvidia and AMD could see a huge competitor. Nvidia currently trades at $246 per share and AMD trades at $18.50.

 

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