Bitcoin mining giant Bitfury is planning to launch an IPO in the near future

One of the world’s largest companies in the blockchain industry, Bitfury, has confirmed to Cointelegraph that it plans to conduct an initial public offering (IPO) soon.

Bitfury CEO confirms IPO considerations are part of expansion plans

Bitfury CEO Valery Vavilov confirmed his plans, stating that the company will consider an IPO as part of a broader growth and expansion plan.

bitcoin-mining-giant-bitfury-is-planning-to-launch-an-ipo-in-the-near-future

Bitfury co-founder and CEO Valery Vavilov

“As Bitfury and its portfolio of companies continue their global expansion in the digital assets space, Bitfury will be considering an IPO as part of its broader expansion and growth plans,” Vavilov said.

The company has yet to announce its IPO date, nor has it indicated which exchanges it will conduct the IPO. Earlier, it was reported that Bitfury would be working with consulting firm Deloitte to prepare for the IPO. At the time, the IPO was still unconfirmed by Bitfury itself.

Bitfury’s offices are based in the Netherlands, while the company is legally based in the UK. The offering will likely be the largest IPO from a European crypto company to date. Bitfury is currently valued at between $500 million and $1 billion. The last funding round of the company took place in 2018. Of which, they raise $80 million at a $1 billion valuation.

Bitfury is one of many Bitcoin miners planning to go public. Other crypto miners, including Riot, HIVE, Marathon, and Canaan, have also made IPOs in recent years. Bitmain and MicroBT are also planning their IPOs. However, no company has yet completed those plans.

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