Chinese Mining Equipment Company Will Be Listed on Nasdaq
Recently, there has been a huge spike in the interest toward cryptocurrencies, and more specifically mining these digital currencies. As such many people and investors are turning toward mining.
As part of the progress that is taking place in the crypto mining field, the Chinese mining equipment company, MicroBT, has officially announced that it will enter the Nasdaq stock exchange in a few weeks.
The company will hold its initial public offering very soon. As a result, people and investors alike will be able to officially invest in this mining equipment company.
But MicroBT is not the first to take this huge step. Previously, other well-known mining equipment companies had entered large stock markets all over the world.
Mining is a process with many challenges. Perhaps that most important of which is the amount of natural resources that it demands. This is as a result of the high electricity consumption of the mining process.
Even though there are all these difficulties in the process of mining digital currencies, many people are still going toward this field at a very fast pace. This is because crypto prices have been soaring lately.
And yet, even though the demand for the mining hardware and tools is rising very rapidly and quickly, the supply is very much so limited. This creates a market in which these mining equipment and their manufacturers have become very valuable.
Many advances are taking place in the world of cryptocurrencies and Blockchain in general. For instance, it was only a year ago when the famous American exchange Coinbase prepared its draft to be officially listed by the SEC.
All in all, a lot of exciting news articles are coming out about the advancements in the Blockchain world. The IPO by MicroBT will surely be one of the big step. In fact, analysts expect the total value of this IPO to be more than 28 billion dollars, which is surely something to pay attention to if you are interest in crypto or investment opportunities.