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Bitfury is rumored to be valued in the billions



There is currently speculation in the market about a possible IPO of Bitfury. It is a major provider of blockchain technology and software solutions.

Bitfury, which is also a major contributor to Bitcoin mining, has selected international consultancy Deloitte to support its efforts. Rumors suggest the partnership's price tag could be billions.

The blockchain giant is headquartered in the Netherlands but is registered in the UK. The company was valued at $ 1 billion in the last round of financing.

Should the IPO take place, it would be the largest IPO of a European crypto and blockchain company to date. Bitfury is expected to go public on the London Stock Exchange (LSE) or on Euronext in Amsterdam.

IPO planned for a long time

This isn't the first time rumors have surfaced of the company's potential IPO plans. In 2018, it was suggested that Bitfury had reached out to global investment banks. It was planned to make a trading debut in Amsterdam, London or Hong Kong the following year.

In March 2021, Bitfury Cipher Mining's (CIFRW) bitcoin mining entity signed an agreement. This should enable the company to merge with Good Works Acquisition Corp. to be listed on the US-Nasdaq (Special Purpose Acquisition Company, SPAC). The merged company was valued at $ 2 billion.

Bitfury originally launched in 2011. The company was founded by Valery Vavilov (a well-known Latvian entrepreneur) who is the company's CEO. It has crypto mining operations in Canada, Norway, Iceland, and Central Asia, among others.

Bitfury's investors include Galaxy Digital by Mike Novogratz and the Australian investment bank Macquarie.

Those who speculate about the IPO believe the offering will be available in the next 12 months. Bitfury's IPO comes after China recently banned crypto . As a result, mining activities have spread across the globe.

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