Bitfury reported to be mulling IPO which could mark Europe’s first Crypto public offering

  • General
  • October 25, 2018
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  • 3 minutes read
Bitfury’s BlockBox AC is one of the most powerful bitcoin mining devices available

image : Bitfury

Blockchain company Bitfury is reportedly weighing options which include an IPO which could mark the first large and main listing to take place from the crypto industry in the European region. As per Bloomberg, The company has reached out to global investment banks as it explores a trading debut in London, Amsterdam or Hong Kong which could come as early as next year.

Bitfury could seek a valuation ranging from $3 billion to $5 billion as per the report although this number counts as an early estimate and could change depending on market conditions and industry outlook.

The 7 year old company provides digital asset management software, crypto hardware and also storage services on its own data centers. It posted revenues of $450 million for the 12 months through March this year. Founded by Valery Vavilov and Valery Nebesny in 2011 who both hold positions of CEO and technical advisor respectively, They both hold a majority stake in the company.

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