Bitmain’s beleaguered IPO faces further challenges as the latest Trump tariffs hit mining hardware. The situation is also likely to affect planned IPOs by Canaan and Ebang according to the South China Morning Post.
Bitmain must have hoped that the controversy regarding its oft-touted IPO was behind the company. At the end of September, Bitmain publicly released its financial standings for the first time. Following this announcement, the company finally filed for the Hong Kong-based IPO — although it didn’t release any further data regarding valuations or share price.