1/14, 10:31 AM (Source: TeleTrader)
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Crypto-mining firm Bitmain closes Amsterdam offices

Chinese crypto-mining giant Bitmain will close its Amsterdam office, the company announced on Monday, following December's closure of its Israeli branch. No timeline for the move has been released.

"As we build a long-term, sustainable and scalable business, we are making adjustments to our staff and operations. This includes the decision to close our Amsterdam and Israel offices," according to a company spokesperson's statement.

The crypto-mining firm is reportedly going through leadership reshuffling as the company which is said to be valued at around $15 billion filed for a Hong Kong IPO in September. Plans for going public, however, seem to have slowed down.

Breaking the News / BM