@Dennis True, but it was worth almost $2B in May, and was still over $1B in June.
@mattodell @Dennis these valuations are wrong though. If you assume Bitmain to be a dominate bitcoin miner and manufacturer then yes. But the aren’t. Bitmain sole focus is on BCash. Which this filing shows. So if any investor is buying the IPO they are buying a company that it’s business model is to support an asset that is 1/10 the value of bitcoin.