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Author Topic: This Major BTC Company could soon be traded on the NYSE  (Read 981 times)
freee101
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June 26, 2014, 04:06:04 PM
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Ever since a growing number of investors have turned their attention to Bitcoin, those who know the ins-and-outs of the market are not just looking to invest in the digital currency, but also in the promising businesses springing up within the fledgling industry. One of these Bitcoin businesses is San Francisco–based BitFury, and if the Bitcoin manufacturer keeps course, the company has a great chance of becoming the world’s biggest publicly traded Bitcoin Company.
First Bitcoin Stock?
You certainly can’t buy Bitcoin stocks from the NYSE. But while the stock exchange market is centralized, over-the-counter markets are not. OTC markets are used for trading using dealer networks because these companies are a lot smaller. Thanks to BitFury, investors may soon have access to Bitcoin stocks up at the NYSE. For that to happen, the mining giant will have to open up its doors and go public.
The mining manufacturer recently announced that they’ve managed to secure series A financing worth $20 million, which boosted BitFury’s valuation to around $US 250 million. ZAD Investment, Crypto Currency Partners, Queensbridge Venture Partners, Georgian Co-Investment Fund and Binary Financial are just some of the contributing investors. BitFury achieved one of highest profit returns in the industry. The company’s mining chips alone account for 40% of the whole Bitcoin mining system.
Big aspirations
BitFury hosts leading mining operations around the world. And rumor has it that the company wants to expand to more strategic international regions. The company is also planning to open a massive Bitcoin data center in Georgia. But the company’s has its sights set on a more ambitious goal, which Chief Executive Officer, Valery Vavilov explains:
“The success of this funding round validates our strategy and brings us closer to our aspiration of becoming the world’s first publicly listed Bitcoin Company.”
While George Kikvadze, managing director of Georgian Co-Investment Fund and member of BitFury’s board of directors, took it a step further in an interview with the Wall Street journal saying that the company would like to have its IPO next year.
BitFury – a global leader
BitFury launched in 2011, and in 2013 the company’s revenue was already around $US30 million. By the end of 2014, the figure is expected to reach $US 210 million – a sevenfold increase. Meanwhile, Bitfury’s Series A funding boosted company valuation to $US 250 million.
The company is a formidable force in the Bitcoin space with many other Bitcoin startups relying on the company’s newest technology and equipment. This also includes MegaBigPower, a major Bitcoin mining company in the US powered solely by BitFury rigs.
BitFury manages one of the largest and most powerful Bitcoin operations in the world with datacenters in Iceland, the US and Finland. The company says that all their locations are strategically chosen and that the raised funds will soon go towards assembling new facilities, which will allow BitFury to take advantage of new opportunities in areas where the Bitcoin market is burgeoning.
from:http://cointelegraph.com/news/111930/this-major-btc-company-could-soon-be-traded-on-the-nyse
| http://www.3-coin.com/2014-06-26/3666/
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June 27, 2014, 12:24:12 AM
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digitalBTC, Australias first ASX listed company has a large stake in bitfurry too.
Sindelar1938
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June 27, 2014, 05:39:58 AM
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Sounds like an exciting possibility but curious how ready they would be to meet the heightened regulatory and compliance scrutiny associated with being listed

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June 27, 2014, 05:56:37 AM
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This Bitcointalk poster doesn't know how to write an informative subject line! And you won't believe what they did with their post!

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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June 27, 2014, 10:53:06 AM
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Sounds like an exciting possibility but curious how ready they would be to meet the heightened regulatory and compliance scrutiny associated with being listed

read article. see the word "want"

then

i want to fly to the moon, doesnt mean it will happen

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