Bloomberg reports that the China-based company, led by controversial CEO Jihan Wu, is quietly laying the groundwork to launch an initial public offering (IPO), perhaps at some point in the near future.
As the boom in cryptocurrencies has become the biggest speculative bubble in recorded history, a single company in Beijing’s Haidian District has been selling the chips that generate as much as 80 percent of the world’s cryptocoins. Bitmain’s Jihan Wu talks about his plans to take on Nvidia, Intel, and AMD.