Sources: Bitmain claimed it had $1.25B in 2017 profits during the pre-IPO $400M+ Series B in June of 2018, while its IPO prospectus says it earned just ~$700M (Financial Times)

Financial Times:
Sources: Bitmain claimed it had $1.25B in 2017 profits during the pre-IPO $400M+ Series B in June of 2018, while its IPO prospectus says it earned just ~$700M  —  Bitmain Technologies, the world's largest maker of cryptocurrency mining hardware, has stated significantly smaller profits …



from Techmeme http://www.techmeme.com/181113/p30#a181113p30