Unboxing Bitmain’s IPO (Part 2)

* New IPO prospectus published
* Financials for Q2 2018 revealed
* US$395m net loss in 2018 Q2
* US$0.5 billion spent on failed chips
* US$785m raised from new investors - Bitmain has a strong balance sheet nowhttps://t.co/YG7HCgCLqt pic.twitter.com/aAxv5GYNXx

— BitMEX Research (@BitMEXResearch) September 26, 2018