BitMine, along with the largest crypto group, Visa and Facebook worldwide, can handle the largest primary public offering (IPO) in history.
$ 18 billion IPO
Throughout July, BitMain, Chinese Crypto and Blockkayen Corporation, spoke about plans to launch its IPO, which is worth $ 15 billion. It reveals its purpose to expand multi-billion dollar cryptographic exchange circles and IPOs to expand into larger internet browser operas, universally funded ventures and investment sectors.
Bitmine's 18 billion valuation value has been received after the tencent and the software group of Tencent and Softbank Group closed the funding of the most influential companies in the world-class technology market. As China's most valuable technology company, Tencent has led the development of popular mobile games, smartphones, payment systems, internet services, social network platforms, and web portals.
Hip around bitmine and the increase in demand caused revenue revenues of the company. Last year, bitmain revenue was $ 25 billion, the cryptoconce sector's infrastructure was not well established.
Bitmine income has increased almost four times in the last 12 months, which has been recorded in 10 billion rupees in 2018. Furthermore, despite the 80 percent revision of major cryptocortals in the last 8 months, BitMine has made a huge revenue revenues, without Nvidia, chip production giant which influences graphic cards and artificial intelligence (AI) industries.
BitMin's business model is basically based on three components: construction of Bitcoin mining equipment, rental of mining equipment and mine pools. Bitmayen's clients can purchase ASIC mines to dig directly cryptocoaries, rent their existing machines to open mine cryptocarcaries, and become part of their pools to minimize digital signals with minimal hashridges.
