Chinese Mining Rig Manufacturer MicroBT to Go for IPO in US
The move of MicroBT to go public in the United States will be a big win for the ambitious company amid the growing demand and the ongoing rise in the adoption of Bitcoin by institutional investors.
Chinese based cryptocurrency mining rig manufacturer MicroBT is reportedly to go public in the United States through an Initial Public Offering (IPO).
The Chinese MicroBT firm will be the third company in the same line of business in the region to scale the business up to accommodate public investors. Other Chinese-based mining rig manufacturers that have gone public in the United States include Ebang International Holdings Inc (NASDAQ: EBON) and Canaan Inc (NASDAQ: CAN) respectively.
MicroBT has worked its way up the ladder and is now one of the most acclaimed rig manufacturers, despite being one of the youngest players in the field. Per the reports, the firm is set to conduct a new funding round before the proposed Initial Public Offering.
The proposed eventual success of MicroBT to go public in the United States will be a big win for the ambitious company amid the growing demand and the ongoing rise in the adoption of Bitcoin by institutional investors around the world.