Bitcoin Group Raises 5.9 Million AUD, Falling Far Short Of Its Goal As It Seeks ASX Listing
The Bitcoin Group, a Melbourne, Australia-based bitcoin miner, raised 5,927,168.40 AUD in an initial public offering for its long-anticipated listing on the Australian Stock Exchange (ASX), significantly missing its 20 million AUD target. The company announced it is working with ASX on the listing application process as it seeks to become the world’s first publicly-listed bitcoin company. Despite raising less than a third of its goal, Sam Lee, the company’s CEO, characterized the sum raised as a “solid result” and said the company will execute its plan to expand its footprint by acquiring....
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Despite the disappointing IPO, Bitcoin Group hopes to see a growing trend in their publicly listed shares, which will be processed by ASX very soon. Bitcoin Group, one of the largest mining operators which has been planning its initial public offering (IPO) since 2014, announced that its IPO offer and ASX Bookbuild which closed on January 25, 2016, raised over US$5.9 million. The quotation of the shares on the Australian Securities Exchange (ASX) has not been listed yet, and Bitcoin Group is working with ASX on the listing application progress. Initially, the company aimed to raise US$20....
The first fundraising in the world for an initial public offering of a Bitcoin mining company has raised 5.9 million Australian dollars, (USD $4.2 million) – falling short of its target of AUD $20 million. Based in Melbourne, the Bitcoin Group announced last week that it had raised AUD $5,927,168.40 in a bookbuild of its Australian Stock Exchange (ASX) listing. The company also announced that it was still progressing though the listing process with ASX. Even though the amount raised was less than a third of the amount it tried for, CEO of Bitcoin Group Sam Lee called it a “solid result.”....
Australian bitcoin miner Bitcoin Group’s official public float on the Australian Securities Exchange (ASX) fell significantly short of its goal of raising $20 million AUD. The cryptocurrency miner raised $367,902.20 AUD. Melbourne-based Bitcoin Group, a miner that has repeatedly attempted to become the world’s first publically floated Bitcoin trading company had the date of closure of its IPO on January 25. The miner offered investors 100 million shares at 20 cents per share, hoping to raise $20 million AUD. However, the miner’s book building run on the ASX, which ended Monday raised just....
Bitcoin Group Ltd has once again delayed its public listing on the Australian Securities Exchange (ASX), despite its recent initial public offering. The Melbourne-based bitcoin mining firm first announced its intention to list on the ASX in October 2014. However, it has now suffered as many as six hold-ups due to requests and reprimands from the stock exchange. The latest news came by way of a Bitcoin Group investors' update on 5th February, which said: “Investors will appreciate that ‘block chain’ is a new technology and we are working with ASX to satisfy its request for additional....
Golden, a startup that seeks to build a decentralized data hub, has raised $40 million dollars in a Series B funding round. The round, which was led by a16z crypto, will allow the company to keep building its concept, which revolves around combining data submission and validation with Web3-based token incentives. Golden Raises $40 Million to Build Decentralized Encyclopedia Golden, a decentralized data hub company, has announced it has raised $40 million in its latest Series B funding round. The round, which was led by a16z crypto, had the participation of many big names in the VC industry....