MicroBT Mining Equipment Company will report the listing on Nasdaq
Chinese company has announced that in the coming weeks it will unveil its initial public offering or IPO and its official entrance into the Nasdaq stock...
The mining equipment company, MicroBT, is reportedly about to enter the Nasdaq stock exchange very soon.
This Chinese company has announced that in the coming weeks it will unveil its initial public offering or IPO and its official entrance into the Nasdaq stock exchange. Thus, officially becoming another mining equipment company that has entered a standard stock market.
This news is really another pinnacle for the crypto and Blockchain world, as the process of mining and generating cryptocurrencies is getting to be taken more seriously. Especially, given the fact that people can now officially invest in this mining equipment manufacturer.
Even though this is considered to be a pretty important milestone for the crypto and Blockchain community, this is not the first time something like this has happened. Before MicroBT, many other prominent companies working in similar fields have entered various stock markets around the world.
As you know, mining a cryptocurrency can be quite challenging. Since, the mining process requires a lot of natural resources, given the high demand for electricity.
Even though these challenges exist, the interest in mining cryptocurrencies is rising day by day as the prices of digital currencies have been soaring in the past year.
As the interest in mining grows ever higher around the world, so does the demand for mining equipment. Currently such hardware are in very high demand and have a very limited supply. This makes companies, such as MicroBT, very valuable.
This news comes out as part of a series of good news for the crypto market. The famous American exchange Coinbase had announced last year that it is preparing its draft in order to enter the U.S. Securities and Exchange Commission.
It is estimated that the final and total value of MicroBT IPO will be an enormous amount of more than 28 billion dollars. This will surely catch the interest of many people toward the Blockchain technology and all it has to offer.