Bitmain Postpones its IPO Citing Ongoing Bear Market – Ibinex News
- The effect of the ongoing bear market on the crypto industry is refusing to budge despite some intermittent cues of bullish sentiments appearing now and then.
- Bitmain Technologies, a company which is involved in making equipment used in cryptocurrency mining, has announced on Tuesday that it has put on hold its plan to go public with an IPO indefinitely.
- The company has cited a plunge in the value of cryptocurrencies behind this move to put its initial public offering on the back burner.
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