Related persons: Bitcoin’s IPO to the US is expected to raise US$1 to 1.5 billion

According to media reports, some people pointed out that Bitian mainland is trying to raise US$1 billion to US$1.5 billion in accordance with the valuation IPO of the range of US$13 billion to US$15 billion. From Bitcoin's financial data, in terms of net profit and gross profit, Bitco's performance in the first quarter of 2019 was not satisfactory. Bitin's internal view is that in the first quarter, the main inventory is clearing inventory, especially at the low price of 16nm mining machine inventory, resulting in lower gross profit margin; after the completion of the old product clearance, the sale of 7nm mining machine new products will drive the hair Interest rates are rising, and the gross profit margin in April is expected to reach 30%. In addition, given that the mining machine belongs to futures products and has placed 200 million 7nm chips in TSMC, Bitcoin expects earnings to achieve explosive growth in Q4. In terms of balance sheet, as of the end of May, Bitian's total assets were approximately $1 billion, and the company's debt ratio after excluding preferred shares was 16%.