Reviewing the Bitmain IPO with Samson Mow and Katherine Wu

Mr Obnoxious - Podcast autorstwa Peter McCormack

Kategorie:

Interview location: Skype
Interview date: Thursday 18th October
Company: Blockstream (Samson Mow), Messari (Katherine Wu)
Role: Chief Strategy Office (Samson Mow), Director of Business Development (Katherine Wu)

The Bitmain IPO was to be the largest in history. Riding the 2017 bull run, Bitmain delivered staggering growth numbers with $billions in revenue and profit, but the bear market crash of 2018 has exposed fragilities in the business and raised many concerns with operations and strategy.

Coindesk reported this week that investors received false information around the most recent funding round, this alongside the significant questions surrounding the balance sheet, faltering innovation and the decision to support and prop up the price of Bitcoin Cash is casting a shadow over the IPO.

In this interview, I discuss the IPO and the state of Bitmain with Blockstream’s Samson Mow and Messari’s Katherine Wu.

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Helpful Links:

Connect with Samson:
- On Twitter @Excellion
- On LinkedIn
- On Crunchbase
- On Medium
- On Facebook
- Company - Blockstream

Connect with Katherine:
- On Twitter @katherineykwu
- On LinkedIn
- On Medium
- Her website: https://www.katherinewu.me/about/
- Company - Messari

Details of the IPO:
- Bitmain IPO Prospectus
- Translated Investor Deck
- Coindesk - Investors Received False Information About Bitmain Funding Round
- Market Watch - Bitcoin mining giant Bitmain says it booked $700 million first-half profit as it files for IPO
- Coindesk - Bitcoin Mining Giant Bitmain Just Officially Filed for an IPO
- Financial Times - China’s Bitmain aims for world’s biggest crypto IPO

News About Competitor IPOs:
- Coindesk - Ebang
- Bloomberg - Canaan
- Bloomberg - Ex-Bitmain Chip Designer Takes on Crypto's Mining Goliath

Bitmain Analysis:
- Medium - More Red Flags For Bitmain IPO
- Techcrunch - Bitmain IPO concerns: the crypto giant recorded a big loss in Q2 2018
- Bitmex Research - Unboxing Bitmain’s IPO
- Bitcoinist - Trump Trade War Tariffs Compound Bitmain Ipo Woes
- Bitcoinist - Bitmain’s $18 Billion Ipo in Jeopardy as Q2 Earnings Report Looms
- Tropyc - Bitmain IPO documents showcase $400 loss in Q2

Other relevant WBD podcasts:
- WBD031: Ari Paul on the Fat Protocol Thesis and Product/Market Fit in Crypto
- WBD017: Why Small Blocks are Important for Bitcoin with Samson Mow
- WBD016: Roger Ver on Why Bitcoin Cash is the Real Bitcoin
- WBD013: Is Craig Wright Satoshi? No!

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