ASX nixes Bitcoin Group’s sharemarket float over capital concerns

Rebuffed: Bitcoin Group chief executive Sam Lee, flanked by associates Jim Chen (left) and Allan Guo (right).

Rebuffed: Bitcoin Group chief executive Sam Lee, flanked by associates Jim Chen (left) and Allan Guo (right). Photo: Paul Jeffers

Bitcoin Group has pulled its float after the Australian Securities Exchange said the Bitcoin miner would have to make a fresh offer to investors because it is not convinced the company has enough cash to get through its first year on the market. 

But the Bitcoin miner said it will consider a fresh IPO

Read more ... source: TheBitcoinNews

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