Bitcoin Mining Giant Bitmain Just Officially Filed for Its IPO

Bitmain, the Beijing-based bitcoin mining giant, has officially filed an application in its bid to go public on the Hong Kong Stock Exchange (HKEX).

Published on Wednesday, Bitmain’s long-awaited initial public offering (IPO) prospectus follows various news reports that the mining giant has been mulling a Hong Kong listing and weighing a multi-billion dollar public fundraising. The process has not been without its share of controversy, with major firms denying their role in a pre-IPO funding phase in a development that cast doubt on Bitmain’s claims.

As the application is still in draft form and pending further listing hearings from the HKEX, it remains unclear how much the firm will be valued at eventually. As shown in the posted application, a number of details remain redacted, including the numbers of shares that will be offered and the timetable for the public offering.

Still, the prospectus gives notable insight into Bitmain’s financial standing as well as details about the…