Bitmain IPO is A Risky Bet on Mining and Crypto Future, Research Shows

[kreslik.news]

BitMEX Research, the research unit for crypto exchange BitMEX, today published a detailed analysis for recent data revealed by Chinese Bitcoin mining giant Bitmain Technologies, which just opened its books for the first time ahead of its Hong Kong IPO.

BitMEX’s think tank believes that Bitmain creates an exit for early investors as the company suffers both diminishing growth and margins due to a continued bear market of cryptocurrencies.

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Yet questions over the sustainability of Bitmain’s future have been surfaced on BitMEX’s first ‘unboxing’ report following its IPO leaked disclosures.

According a ... (read more)