Following months of repeated delays, Australian bitcoin miner, Bitcoin Group, is now set to make its debut on the Australian Securities Exchange (ASX) in February.
Melbourne-based Bitcoin Group is now gearing up for its official public float on the ASX in February. The miner is offering investors 100 million shares at 20 cents per share. The IPO is seeking to raise $20 million by the date of closure on January 25.
Bitcoin group operates five computer centers in China and oversees approximately 6,000 machines to mine one to two blocks a day (up to $20,000 in revenue a day in current rates). While the block reward is set to halve in July, Bitcoin Group CEO Sam Lee sees any loss of revenue offset by the cryptocurrency’s appreciation in the future.
https://www.cryptocoinsnews.com/bitcoin-group-ceo-claims-a-billion-dollar-opportunity-ahead-of-public-listing/
