At the height of its power in 2017, Bitmain controlled an estimated 75 per cent of the market for crypto mining rigs. Photo: Reuters
Tech /  Start-ups

Cryptocurrency giant Bitmain gives up on Hong Kong IPO amid lay-offs, leadership reshuffle

  • In the first half of 2018, Bitmain booked US$740 million in profit, up 795 per cent from a year earlier
Topic |   Bitcoin
Zheping Huang
Zheping Huang

Updated: 2:39pm, 26 Mar, 2019

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At the height of its power in 2017, Bitmain controlled an estimated 75 per cent of the market for crypto mining rigs. Photo: Reuters
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Zheping Huang

Zheping Huang

Zheping is a technology reporter covering cryptocurrency, blockchain and gaming for the South China Morning Post. He is a contributor to Inkstone. Previously he wrote about China for Quartz.