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Chinese bitcoin mining rig makers aim to raise billions in Hong Kong IPOs: sources

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Reuters  |  HONG KONG 

By Alun John and Julie ZhuHONG KONG (Reuters) - Three of the world's largest bitcoin mining equipment makers plan to raise billions of dollars with initial public offerings in Hong Kong, even as other companies report plunging demand for the chips needed to make bitcoin and a halving in the price of the cryptocurrency. Soaring cryptocurrency prices last year triggered a boom in demand for specialist mining chips and in developing "mines" - facilities with thousands of machines that create the coins by solving complex mathematical puzzles.Yet the U.S. chipmaker Nvidia Corp said this month ...

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First Published: Mon, August 27 2018. 11:42 IST