[Introduction]: With the rise of the blockchain industry, digital currency-related companies have begun to sell well. After Jia Nan Zhizhi went to Hong Kong, I would like to have ipo. The cryptocurrency mining chip produced by Bitland has become a leader in China's IC industry.
BitZhejiang CEO Wu Jihanhan is brewing an IPO. Although there is no specific plan yet, he expressed his willingness to let Bitmain be listed in Hong Kong or issue dollar-denominated stocks in overseas markets, as this will include Sequoia. Early investors, including capital and IDG capital, offer opportunities to monetize.
Mizuho Securities analyst Kevin Wang said that despite many obstacles, Bitcoin products will attract many Hong Kong investors, because Bitcoin is currently one of the few leaders in the Chinese chip industry.
Bitcoin produces and processes chips for various cryptocurrency mining, including Bitcoin, Ethereum, Monroe and so on. Wu Jiuhan, CEO of Bitcoin, said in an interview that the field of artificial intelligence requires a lot of calculations, which is a natural choice for Bitumin. Wu Jihan also predicted that AI chips can account for 40% of Bitland's revenue in five years. They just try to do something that they can't control very well.
According to the data, as of the end of February this year, Bitcoin's 2017 operating profit was between US$3 billion and US$4 billion. Compared with competitors, NVIDIA earned about US$3 billion during the same period.
In addition, Canaan, the second-ranked Bitcoin miner, has officially submitted a listing application to the Hong Kong Stock Exchange, or raised about $1 billion, which may be another incentive for Bitcoin to announce an IPO.
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