Hong Kong Stock Exchange CEO Casts Doubt on Crypto Miner IPO Filings
The CEO of the Hong Kong Stock Exchange has seemingly questioned the IPO viability of crypto mining companies in new comments.
Ebang, one of the major manufacturers of bitcoin mining equipment, hopes an exchange could double total revenue by 2022.
The Chinese firm also revealed its anticipated share price in its updated filing with the U.S. SEC.
Affected mining centers in the area may see a notable increase in electricity costs.
Bitcoin mining hardware manufacturer Ebang wants to raise $100 million through a U.S. IPO. But that could be a risky investment, CoinDesk Research's Matt Yamamoto reports.
Ebang International Holdings, one of the leading makers of bitcoin mining equipment, is taking another stab at going public, this time in the U.S.