Bitcoin Group Cleared to List on Australian Securities Exchange

Australian bitcoin mining firm Bitcoin Group is expected to make its long-awaited debut on the Australian Securities Exchange next month.

AccessTimeIconJan 13, 2016 at 5:45 p.m. UTC
Updated Sep 11, 2021 at 12:05 p.m. UTC

Australian bitcoin mining firm Bitcoin Group is scheduled to make its long-delayed debut on the Australian Securities Exchange (ASX) in early February.

Reports state the firm will list under the code 'BCG' with the aim of raising AU$20m ($13.9m) via the sale of 100 million shares at an issue price of 20 cents. The close date for the IPO is now January 25, while trading is expected to commence on 2nd February.

The news comes over a year after the Melbourne-based company first announced its intention to list in October 2014.

The process has since been held up following a reprimand from the Australian Securities and Investments Commission (ASIC) in February and two stop orders on its investor prospectus in July.

In one incident, the firm got into hot water with the regulator following a post on social media platform WeChat aimed at gauging interest from investors over the IPO. Various changes have also had to be made to the firm's prospectus.

Following final revisions to Bitcoin Group's filing in December, the way is now supposedly clear for the initial public offering (IPO) to go ahead.

Once, approved Bitcoin Group would join digitalX (formerly digitalBTC) as the second bitcoin firm to have secured a listing on the ASX, the largest exchange in the Australian market.

Price ticker image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.