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On 26 March 2019, Bitmain's application for any Hong Kong Preliminary general public offering lapsed, six months right after it was submitted, as investors have been reportedly concerned about the fall in bitcoin's value.
The business's Application-ASIC chips would be the business's favored workhorses for copyright mining, creating them a crucial ingredient from the small business.
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Bitmain continues to be involved in several controversies over time, which includes a lawsuit towards a number one bitcoin trading System in 2015. The lawsuit was unsuccessful, and Bitmain was ordered to pay for the trading platform's legal fees, totaling about HK£1.three Million.
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[19] The organization issued an announcement stating it will "restart the listing software perform at an appropriate time Later on." Bitmain also introduced that Haichao Wang would serve as its new CEO, whilst co-founders Micree Zhan and Jihan read more Wu will continue as administrators.[twenty]
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