The world's largest producer of bitcoin mining chips, which is run by a 32-year-old billionaire, is reportedly considering an IPO

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The world's largest producer of bitcoin mining chips, Bitmain Technologies, might be considering going public.

Bitmain's founder, cryptocurrency billionaire Jihan Wu, told Bloomberg that Bitmain is considering an initial public offering as it expands into producing hardware for AI computing.

Bitmain Technologies, the world's largest producer of mining chips, might be considering an IPO, Bloomberg reports.

The company, which is run by 32-year-old cryptocurrency billionaire Jihan Wu, has become a global force in the burgeoning cryptocurrency mining industry since it was founded five years ago. In June, Wu told Bloomberg that Bitmain made 2.5 billion in revenue in the year 2017 alone. Now, the company's success might have Wu considering taking it public.See the rest of the story at Business InsiderNOW WATCH: How a 9 billion startup deceived Silicon ValleySee Also:An FBI agent mapped out the countries capable of unleashing a crippling cyber attack on the USJapan's 2,700 answer to the Amazon Echo could make the country's sex crisis even worseLas Vegas casinos prepare to hemorrhage 10 million a day as their workers, fearing their jobs will be replaced by robots, get ready to go on strike