Bitfury weighs up European crypto IPO first

The maker of crypto mining gear, founded in 2011, posted revenue of about $450 million for the 12 months through March

Cryptocurrency mining venture Bitfury is considering an initial public offering that could be Europe’s first large listing in the industry, according to a Bloomberg report.

Citing people familiar with the matter, it states that Bitfury has reached out to global investment banks as it explores making its trading debut in Amsterdam, London or Hong Kong as early as next year.

If it goes public in the next two years, it could seek a valuation of $3 billion to $5 billion, the sources said.

Bitfury declined to comment.

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