Cryptocurrency mining equipment manufacturer Bgin Blockchain has filed for an IPO in the United States, expecting to raise $50 million

ChainCatcher news, according to Cointelegraph, Singapore-based cryptocurrency mining equipment manufacturer Bgin Blockchain Limited has applied for a listing in the United States, expecting to raise $50 million.

In a filing submitted to the U.S. SEC on February 21, Bgin stated that it will issue approximately 59.54 million Class A common shares and 15.69 million Class B common shares. Its registration statement also indicated that it has applied to list its Class A shares on Nasdaq under the ticker symbol "BGIN." Bgin's filing did not disclose its offering price, but investment consulting firm Renaissance Capital stated in a report on February 21 that Bgin's initial public offering (IPO) could raise up to $50 million.