Bitcoin Group , the Australian Bitcoin - mining company , has announced the cancellation of its initial public offering ( IPO ) after the Australian Stock Exchange ( ASX ) encountered liquidity concerns . Following a year - long bid to become the world ’s first publicly - traded bitcoin miner , Bitcoin plc will now return the $ 5.9 billion funding it received from investors for the initial offering .
Bitcoin Group, the Australian Bitcoin-mining company, has announced the cancellation of its initial public offering (IPO) after the Australian Stock Exchange (ASX) raised liquidity concerns. Following a year-long effort to become the world’s first publicly-listed bitcoin miner, Bitcoin Group will now return the AUD 5.9m funding it raised from investors for the IPO offering.