Mining hardware manufacturer Bitmain has officially filed for an IPO.

Good evening. I'm Bailey Reitzel, and this is late confirmation from CoinDesk, bringing you the top stories from September 26, 2018.

On today's show, Congress talks crypto again. Coinbase is gearing up to rapidly expand the range of crypto assets

it lists. And a new Ethereum scaling solution is out and will be ready way sooner than any other

technologies aimed at scaling the second largest blockchain today. Then a little later in the show,

CoinDisc editor Mark Hockstein will talk to Preston Byrne, a lawyer, independent consultant,

and noted blockchain provocateur. I think the way they did it runs a very major risk that the

regulator could find it to be a security, yes. But first, a word from our sponsor.

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Find out more at Oxfordexecfintech.com. Chinese mining giant Bitmain has published its

initial public offering or IPO prospectus. The application is still in draft, with various

details redacted, so it's unclear how much the firm will be valued at in the end or the number of

shares it will be offering. But some important

details are public. For instance, it's now known that Bitmain made more than $2.5 billion in revenue

in 2017. And notably, the company this year is set to far eclipse that. As of June 30th, 2018,

the company reports more than $2.8 billion in revenue.

Along with that, Bitmain sold 2.5 million miners in the second quarter of this year,

and that's compared with the 1.6 million miners it sold in 2017 total.

In the prospectus, Bitmain also reported that it owned land for mining facilities in three Chinese provinces and leases about 50 properties.

It's also planning to buy land in Washington, Tennessee, Texas, and the Canadian province of Quebec.

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