TL;DR: Bitmain employees reportedly have been offered stock options as the Chinese cryptocurrency mining giant is preparing for its rumored initial public offering (IPO), after being effectively rejected for a Hong Kong Stock Exchange (HKex) iteration recently.

Bitmain Employees Given Stock Options Ahead of US IPO Attempt

Zhou Yixue of Chinese-language news outlet Jiemie reported sources familiar with the matter are claiming Bitmain offered a majority of its employees stock options last month ahead of its rumored future IPO attempt in the US. At the time of publication, Bitmain has not made public comment.

A translation of the article by 8btc reads, “It was previously said that only the employees who joined Bitmain before October 2015 and some core developers in mining machines could have the option. But this time, all the employees who had been with the company by early 2018 with certain titles would be granted options. That means, almost all the employees would be given the company’s options.”

As CoinSpice reported this Spring, the cryptocurrency mining staple was still reeling from a bear market and generally rough 2018, which they described as a time of “significant change and growth for the business,” which included ultimately deciding not to contest its failure to be listed on the HKex for a highly anticipated IPO.

Only last month, however, CoinSpice picked up more rumors about a reemergence into the public market by way of the United States, with the company hoping to raise as much as half a billion dollars in the process. Precious few details about either the IPO or stock options exist, but with its miners continuing to sell well and a supposed bull market underway, it might be the right time for a public push.

DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.

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