Amsterdam-based mostly Bitcoin mining firm Bitfury is making ready to go general public according to a report in the Telegraph on Monday. The Bitcoin miner is considering a listing both in Amsterdam or London. Presently, Argo Blockchain is the only crypto miner with a public listing in the U.K.
It can be expected that the public listing will make Bitfury’s Europe’s most important cryptocurrency valuation with a “price tag in the billions of pounds”. The business, launched in 2011 by its CEO Valery Vavilov, is consulting with Deloitte above their opportunity listing which is predicted to transpire in the upcoming 12 months. Some of Bitfury’s early investors involve billionaire Mike Novogratz’s Galaxy Digital.
In March, a U.S spin off mining functions that included a $50 million financial investment from Bitfury with the specific goal acquisition firm Fantastic Functions Acquisition, led to Cipher Mining Systems , which is now listed on Nasdaq with a valuation of over $2 billion.