Bitfury exploring potential IPO

Bitfury, the crypto mining firm is reportedly weighing new strategic options, one of which is an initial public offering. Bitfury has reached out to investment banks to explore going public in Amsterdam, London, or Hong Kong. The firm could also decide to raise debt financing or sell a minority stake, instead of an IPO, to support its operations. If Bitfury goes public in the next two years, the company will potentially seek a valuation of between $3B to $5B.  (Source: Bloomberg)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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