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Cryptocurrency giant Bitmain reveals profits and IPO plan despite slump in bitcoin

Kate Rooney

Bitmain has about 30 percent of its assets in cryptocurrencies, which have nosedived this year. A closely followed, secretive Chinese bitcoin mining giant revealed a little bit more of itself on Wednesday. After months of speculation about the company's plans, Bitmain released its first-ever public disclosures, confirming its intention to list on the Hong Kong stock exchange.