Black Friday Sale is here!

Up to


off in software solutions and tools for a very limited time. Hurry up!

off in software solutions. Hurry up!



Largest Crypto Tycoons to Raise Billions With Public-market Offerings

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

Must Read

Moupiya Dutta
Moupiya Dutta
She finds it interesting to learn and analyze society. she keeps herself updated, emphasizing technology, social media, and science. She loves to pen down her thoughts, interested in music, art, and exploration around the globe.

World’s biggest cryptocurrency mining makers; Bitmain Technologies Ltd., Canaan Inc., and Ebang International Holdings Inc. plan to raise billions of dollars with Hong Kong IPO or initial public offerings. Three of the largest manufacturers of cryptocurrency are all facing the outlook of public-market scrutiny as they pursue stock listings in Hong Kong.

In 2018 the cryptocurrency and most of its other peers have lost more than half their value amongst the soaring regulatory scrutiny and concerns over exchange security flaws and in addition to market manipulation. The U.S. chipmaker Nvidia Corp claimed that in comparison to $100 million as expected by the analysts, the second-quarter sales to crypto miners totaled just $18 million.

Also Read

Colette Kress, Nvidia’s chief financial officer expressed that she expects no contribution to revenues from cryptocurrency in the later months.

The largest three Chinese Bitcoin mining companies namely Bitmain, Canaan Inc and Ebang International Holdings design high-end computer chips which would be helpful for mining cryptocurrency, precisely bitcoin and then sell the equipment containing the chips. Other companies like Nvidia also sell specialized chips that are used for mining.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Benjamin Quinlan, chief executive of financial services adds: “The fall in the value of bitcoin from its apex has not been matched by an equivalent fall in the numbers of people mining it.” He remarked that since the start of this year the decline in the value of bitcoin is likely to weigh on these company’s investors.

According to, since bitcoin’s December peak of $18,690, there has been a 64 percent down currently trading at $6,699.

Along with the decrease in price, the profitability of the mining, demand for mining chips and miners also decreases” – Wang Leilei, a consultant at financial services consultancy Kapronssia

And this along with the patchy performance by Hong Kong offerings causes additional worries for the investors.

Save up to 60% on OptinMonster

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -