Miners in China arrested during round up, IPO in HK

2018-6-28 13:37

Mining

In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave of Kaliningrad.
Also Read: FBI Currently Investigating 130 Crypto-Related Cases
Chip Manufacturer Ebang Communications Files for IPO in Hong Kong
Major mining chip manufacturer Ebang Communication has become the latest leading firm operating in the bitcoin mining industry to file for an IPO in Hong Kong.
According to financial statements included in the application, Ebang generated approximately $140 million USD in revenue and $60 million in net profit during 2017.
Last month, Reuters reported that Ebang Communications was rumored to be seeking to conduct a $1 billion IPO in Hong Kong.
Regarding the legal status of cryptocurrency mining in Kaliningrad, Sergei Evstigneev, the region’s IT and communications minister, stated “Whatever is not illegal is legal.

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mining ipo arrested electricity allegedly stealing kilowatt-hours

Источник: bitcoints.com

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