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4.82%02:02:47:56
Bitcoin Miner Bitfury Plans to Go Public With Value in ‘Billions of Pounds:’ Report
The company is reportedly valued at around $1 billion with investors that include Mike Novogratz’s Galaxy Digital.
Bitcoin mining company Bitfury is preparing to go public with what would be Europe’s biggest cryptocurrency valuation, according to The Telegraph.
- Bitfury is seeking advice from Deloitte over a potential public listing in the next 12 months and could have a “price tag in the billions of pounds,” according to the report Monday.
- The Amsterdam-based company is valued at about $1 billion, The Telegraph said, and its investors include financier Mike Novogratz’s Galaxy Digital.
- In March, Bitfury spun off a U.S. mining operations business through a combination with the special purpose acquisition company Good Works Acquisition. Cipher Mining had an enterprise value of $2 billion and is now listed on Nasdaq.
- Bitfury, which was founded in 2011 by CEO Valery Vavilov, is reportedly considering a listing in either London or Amsterdam. The company didn’t immediately respond to CoinDesk’s request for a comment.
- At present, Argo Blockchain is the only publicly listed crypto miner in the U.K.
Read more: Argo Blockchain to Buy 20,000 Mining Machines for West Texas Data Center
Story continues
UPDATE (OCT. 11, 11:12 UTC): Adds Cipher spinoff, listing location.
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
