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The crypto community has been buzzing about a potential initial public offering from Bitmain Technologies Ltd. for a few months now.
Maybe you've been doing some of that buzzing yourself.
I know that back on Aug. 14, I buzzed about it right here.
I said if Bitmain goes public, it would be one of the few blockchain pure plays on the market. And I noted how a Bitmain IPO would be a big catalyst for the whole cryptocurrency sector.
That all remains true.
But now the time for rumors and whispers is up. Bitmain's big move, which would be the crypto world's largest IPO to date, is on the record.
Last week, the Beijing-based firm officially filed to go public on the Hong Kong Stock Exchange – date to be determined.
There's a lot of potential upside here – but there are many possible pitfalls as well.
So we'll take a look at all that.
Then I'll show you a way you can play this crypto IPO to your advantage.
You're going to want to see this…
Bitmain's Bottom Line
Bitmain is one of the top developers of application-specific integrated circuits (ASICs) for crypto mining and artificial intelligence. With an 85% market share, it pretty much owns the crypto mining rig market.
It's also a large crypto miner itself, though the share of its revenue earned from mining has dropped from above 18% at the beginning of 2016 to below 4% by the first quarter of this year, according to research by crypto exchange BitMEX.
Now, Bitmain's IPO represents not just another opportunity to invest in this fast-growing technology, but also shows that the industry is maturing and going further mainstream.
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So this is exciting stuff.
But here's the thing. I've got four "howevers" to this move right now.
So slow down and check these out before chasing Bitmain's IPO…
The Big However
About the Author
Michael A. Robinson is a 36-year Silicon Valley veteran and one of the top tech and biotech financial analysts working today. That's because, as a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs, scientists, and high-profile players. And he brings this entire world of Silicon Valley "insiders" right to you...
- He was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon.
- He was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
- As cyber-security was becoming a focus of national security, Michael was with Dave DeWalt, the CEO of McAfee, right before Intel acquired his company for $7.8 billion.
This all means the entire world is constantly seeking Michael's insight.
In addition to being a regular guest and panelist on CNBC and Fox Business, he is also a Pulitzer Prize-nominated writer and reporter. His first book Overdrawn: The Bailout of American Savings warned people about the coming financial collapse - years before the word "bailout" became a household word.
Silicon Valley defense publications vie for his analysis. He's worked for Defense Media Network and Signal Magazine, as well as The New York Times, American Enterprise, and The Wall Street Journal.
And even with decades of experience, Michael believes there has never been a moment in time quite like this.
Right now, medical breakthroughs that once took years to develop are moving at a record speed. And that means we are going to see highly lucrative biotech investment opportunities come in fast and furious.
To help you navigate the historic opportunity in biotech, Michael launched the Bio-Tech Profit Alliance.
His other publications include: Strategic Tech Investor, The Nova-X Report, Bio-Technology Profit Alliance and Nexus-9 Network.