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Inside Bitewei: The $20 Million Bitcoin Miner Being Hailed as a Bitmain Rival

Inside Bitewei: The $20 Million Bitcoin Miner Being Hailed as a Bitmain Rival – CoinDesk

After CoinDesk revealed the China-based crypto mining giant was planning an initial public offering (IPO) for September, the company has faced a wave of perhaps unprecedented scrutiny. On social media, allegations emerged Bitmain was everything from insolvent to presenting a rosy outlook for its financials, all the while investors linked to the funding effort backed away from the deal.

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Written by Coindesk

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