An overview of Bitmain's 6-year development roadmap | Planet Maps

On March 26, the application submitted by Bitmain to the Hong Kong Stock Exchange appeared in the updated list of "No Progress in Hearing" with an "invalid" status.

This also means that Bitmain’s half-year journey to go public in Hong Kong will come to a temporary end here.

In response, Bitmain issued an internal letter stating that "the listing work will be restarted at the appropriate time in the future."

Looking back at this giant that has been active in the global mining industry for 6 years, it has experienced two bull and bear cycles. Its fate is also a microcosm of the cryptocurrency mining industry. At its peak, Bitmain sold mining machines at the peak of the coin price, and achieved an annual revenue of US$2.5 billion in 2017, almost on par with semiconductor giant Nvidia. However, the cryptocurrency market turned downward at the end of 2018, and Bitmain also experienced twists and turns in the bear market, such as clearing mining machine inventory, layoffs, and senior management changes, in an effort to survive.

What the future holds, perhaps only time can tell.

Below, "Planetary Illustrations" has prepared a simple blueprint for you to show you how this mining unicorn valued at tens of billions grew and developed?