Long
0.14 on the 14th
The report comes after another one by The Financial Times revealed that Bitmain’s profitability figures had been scaled down for its IPO listing compared to its funding rounds. During the $400 million funding round in April, the firm had indicated that the 2017 profits stood at $1.25 billion. In yet another funding round four months later in August, the figure was amended to $1.1 billion. However, in its IPO filing one month later in September, Bitmain revised the figure again to $701.4 million, almost half the original figure.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.