HydroMiner Company To List Shares On London’s AIM

The company states it can solve bitcoin’s surging electricity consumption without boosting pollution
12 January 2018   1330

HydroMiner GmbH, a crypto currency mining company using green energy drawn from hydro power stations in the Alpine region of Europe, may list shares on London’s AIM stock exchange or similar markets for small and growing companies during 2018, according to Chief Financial Officer Davies Guttmann.

Davies Guttmann added that the company is actively courting regulation in Austria and the U.K. to give investors confidence in the fast-growing cryptocurrency market.


HydroMiner, which raised $2.8 million in an initial coin offering, is also in talks to form joint ventures in Austria, Canada and eastern Europe. It is stated that an agreement with a power utility or financial investor could be announced within months.

In the long-term, Guttmann said HydroMiner aspires to be an infrastructure company inside the cryptocurrency industry by providing hardware, software and skills. Until then, it’s trying to build a clean reputation inside a bitcoin market still seen by some as a scam.

Recently, we have reported that Bitmain Technologies, Chinese bitcoin mining giant, is going to open a branch in Switzerland.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   395

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva