Mining training to become available in most of India

30 cities in India will offer training programs in bitcoin mining in order encourage the rural population to be self-employed
29 March 2018   804

Dalit Indian Chamber of Commerce and Industry is joining effort with social entrepreneur Dr. Tausif Malik to establish a training program for bitcoin mining in 30 cities of India. The Chamber is focused on providing opportunities to Dalits (sometimes referred as caste of depressed people). On the other hand, Dr. Malik started a platform for promotion of fintech, blockchain and cryptocurrency concepts in Maharashtra state specifically to attract investments into the region.

The program to be established is going to be called "Bitcoin Mining Training Program" and aims to empower the rural population (with the focus on the youth from farming community) to be self-employed and earn money from their homeplaces. Eventually it might give a spark to a brand new economic development in the area.

The new blockchain technology is the future of technology development and taking the world by storm and bitcoin/cryptocurrency mining is a must for blockchain platform to operate. Hence, we felt the need to offer bitcoin/cryptocurrency mining training program (BMTP) to our youth on a nationwide scale for self-employment.

 

Shri Milind Kamble

Founder and chairman, DICCI

The list of cities include Pune, Mumbai, Junnar, Aurangabad, Latur, Nashik, Nagpur, Osmanabad, Hyderabad, Vijayawada, Bengaluru, Chennai, Pondicherry, Cochin, Kolkata, Bhubaneswar, Jamshedpur, Bodh Gaya, Patna, Lucknow, Delhi, Jaipur, Varanasi, Bhopal, Indore, Raipur, Ranchi, Guwahati, Jammu, and Chandigarh. The first training shall take place in Pune in May.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   345

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