October 30, 2019 Bitmain secretly files for US IPO, sponsored by Deutsche Bank, claims Tencent report.

If Tencent’s reporting is accurate, Bitmain would be the second major cryptocurrency miner manufacturer this week to file with the SEC for a U.S. IPO offering; Canaan Creative publicly filed for $400 million IPO. The new follows Tuesday’s report of Bitmain’s sudden ousting of co-founder Micree Zhann. Like Canaan, Bitmain had previously filed for an IPO via the Hong Kong Stock exchange, with Bitmain targeting a $3 billion raise, yet that application has since lapsed. Tencent’s report did not specify Bitmain’s target raise for the U.S. IPO.

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