Chinese Mining Rig Manufacturer MicroBT to Go for IPO in US
Jan 14 2021 · 11:01 UTC by Benjamin Godfrey · 3 min read
Photo: Depositphotos
You have successfully joined our subscriber list.
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 news which was first broken by Chinese crypto blogger Colin Wu did not specify the projected IPO timeline for the Whatsminer manufacturer but noted that the firm has seen remarkable growths in the past year with the potential of shoring up its revenue to $1 billion by the end of 2021.