Bloomberg: Bitmain's IPO financing scale may be US$3 billion

According to Bloomberg, people familiar with the matter said that Bitmain's IPO financing scale may be $3 billion. Coindesk previously reported that the IPO fundraising scale may be as high as $18 billion, but the person familiar with the matter said that the details of Bitmain's listing have not yet been finalized and its fundraising target may change. Nishant Sharma, a Beijing-based spokesman for Bitmain, declined to comment.

Previously, the self-media "Leidi Touching the Internet" claimed that it had received information from an insider that Bitmain had completed a financing of US$560 million. After the financing was completed, Bitmain's valuation was US$14.6 billion, and it was stated that after this round of financing was completed, Bitmain might submit a prospectus in September and is expected to be listed in Hong Kong at the end of this year or early next year.