Australian Bitcoin group launching IPO on ASX

[Bitcoinpro]

making this thread so we can evaluate the company their equipment income etc ill throw in some information later,

IPO date is early december with 2 lanch extensions so far as they deal with asic paperwork

[Bitcoinpro]

http://www.bitcoingroup.com.au/

company website

Location & Hours

Address: Level 1, 89-91 City Rd Southbank, 3006, Victoria, Australia
Business Hours:
Mon-Fri, 9:30AM-5:30PM

Contact Information
Phone: 1300 883 848
E-mail: info@bitcoingroup.com.auContact Information

they have a HSBC logo on their website amoung other sponsers

[fastdice.com]

I did not know about these guys until you posted. Thank you for sharing. The way they present themselves is very professional.

[Kprawn]

I see OKCoin is also a partner.  ... Very professionally designed website.. indeed. I thought Australia is out of the race, with all the banks closing accounts on Bitcoin businesses.

Does anyone know, how far they got with the anti-competitive complaint that was lodged against those banks and if they are still doing that? How do they operate a mining

operation with 6.2 Petahashes in a country with such high average temperatures and still show a profit after cooling? Amazing .... 

 

[LiteCoinGuy]

with bitcoin itself i make "a bet" on the whole bitcoin ecosystem. i would not put my coins in a single company but good luck.

[unamis76]

So basically investing in them = buying "cloud mining" shares? Didn't quite get what they're trying to achieve.

[pawel7777]

There's already a thread about Bitcoin Group with few interesting comments:

https://bitcointalk.org/index.php?topic=1215807.0

Link to the IPO prospectus (118 pages! but there are pictures in it):

http://www.bitcoingroup.com.au/wp-content/uploads/2015/09/BCG_prospectus.pdf

[Bitcoinpro]

I see OKCoin is also a partner.  ... Very professionally designed website.. indeed. I thought Australia is out of the race, with all the banks closing accounts on Bitcoin businesses.

Does anyone know, how far they got with the anti-competitive complaint that was lodged against those banks and if they are still doing that? How do they operate a mining

operation with 6.2 Petahashes in a country with such high average temperatures and still show a profit after cooling? Amazing .... 

 

It says most of the equipment is in China and coin is illegal their, just quietly this is the most dodgiest business practice i have heard of since Ostrich farms.

 

[Bitcoinpro]

Ill still go on record to say their stock will explode bigger than google and apple, and as Bitcoin soars in value so will their dividends, this will be one of the most

valued companies in the world in 5 years provided they can remain dynamic, imagine if this company launched when Bitcoin was worth 50c each and had the foresight

to not get overly pitched by the Mtgox fiasco. Also they should make dividends in Bitcoin payments.


Commonwealth Bank and Bank of Melbourne are on their Partners lists, im not liking things i can see about this company but my business sense still tells me

they will be very very profitable

http://www.bitcoingroup.com.au/our-partners/