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

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

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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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