Bitcoin Group IPO on ASX Brings More Legitimacy To Digital Currency

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Bitcoin is getting a lot of mainstream attention all over the world, as more and more people start to see the value in digital currencies. Shares of the Bitcoin Group will be sold publicly on the Australian securities exchange as of February 9th, which can be seen as another validation of Bitcoin’s legitimate status. Whether or not this listing will have an effect on the Bitcoin price, remains to be seen.

Also read: The Blockchain Will Keep Healthy Lifestyle Data Safe And Secure

Bitcoin Group Shares Trading Publicly Soon

DigitalMoneyTiimes_Australian Securities Exchange

Even though there is a lot of money circulating in the world of Bitcoin and digital currency, not every company has enough net worth to make it onto a major exchange platform. Mining companies, In particular, which are heavily reliant on the current Bitcoin value to make a profit, are facing an uphill battle when it comes to getting approval for an exchange listing.

Bitcoin Group is a different creature in that regard, as they operate roughly 6,000 mining rigs across seven locations. To keep overhead costs down, most of the mining hardware is located in places where electricity is

Read more ... source: CryptoArticles

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