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June 15, 2026
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Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes

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Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as bitcoin Cash Crashes
Bitmain woes

Fresh rumors over the financial health of bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data […]Bitmain ipo in ‘death spiral’? Rumors of $740m q3 loss as bitcoin cash crashes

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