China Stock Ideas

[Rawlens]

Chinese Crypto Currency Mining Firms to Float IPOs Amid Fears of Viability – Despite falling demand for chips and bearish Bitcoin price action, three mining firms plan to float IPOs. The news comes further amid a cryptocurrency crackdown that has intensified in China. The companies are Bitmain, Canaan Incorporated and Ebang International Holdings. The companies have chosen to go public at time that the crypto market is experiencing a lot of problems. Key among them is the fact that the market is at the moment down around 70%. The companies are confident that they will feather the headwinds and make profits in the future nonetheless, or so they broadcast. Read more: https://marketexclusive.com/chinese-crypto-mining-float-ipos-fears-viability/2018/08/