Mining rig manufacturer MicroBT prepares for US IPO with estimated $1B revenue in 2021

posted 3 days ago
MicroBT, one of China’s biggest mining rig manufacturers of mining equipment is preparing for an Initial Public Offering (IPO) this year in the US Stock market. Founded in 2016, microBT is a relatively new player but the second-largest Bitcoin mining rig manufacturer in China.

The company has gained solid market share with its Whatsminer series, in a very short period of time. Last year in September 2020, microBT set-up its overseas factory to meet the rising demand from its non-Chinese clients.
Tags: blockchain, bitcoin, news