Bitcoin Group relodges IPO prospectus, as ASIC withdraws ...

Bitcoin Mining IPO on Australian Stock Exchange (ASX)

I sometimes browse the ASX website to see what companies have upcoming floats on the exchange.
I was very surprised to see "Bitcoin Group Limited" listed. Is this the first bitcoin IPO on a "real" stock exchange?
Anyone know anything about this group? From a skim of the prospectus, they seem to be asking for $AU20Mil to expand their chinese mining operations, and claim they will have 15% of hashing power by March 2016.
Is it a scam?
Prospectus is here: http://www.bitcoingroup.com.au/wp-content/uploads/2015/06/Prospectus_v2.pdf
submitted by windsok to Bitcoin [link] [comments]

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Bitcoin Group, which has five computer centres in China, is able to crack one to two blocks a day using 6,000 machines. The company earns 25 bitcoins per block, but that rate is set to halve after ... Australia has been relatively friendly in terms of regulation and acceptance of Bitcoin but the initial public offering (IPO) for Bitcoin Group, an Australian-based Bitcoin mining company, has not been an easy task.The first ever direct IPO for a firm in the crypto-space was hailed as a success for Bitcoin when it was announced back in October 2014. ASX BOOKBUILD TO FACILITATE BITCOIN GROUP LIMITED IPO Bitcoin Group Limited (Company) (ASX: BCG) advises that it intends to use ASX BookBuild to facilitate a portion of its Initial Public Offering (IPO), which is up to 10,000,000 new shares to raise $2,000,000.00. AFS Capital Securities Ltd (AFSL: 363925), a Market Participant of ASX, has been appointed as the Lead Manager for the IPO and will ... Bitcoin Group will continue with its bitcoin mining activities and is considering renewing its IPO and ASX listing attempts in the future.The company says it is likely to proceed with a new offer after Blockchain halving has occurred and the price of bitcoin responds to the halving, which Bitcoin Group expects to occur by September 2016. Further to LeapRate's earlier article on Bitcoin Group's IPO being rescheduled, there has been some development regarding this topic.. The Melbourne-based Bitcoin miner on Friday (September 4, 2015) officially relodged its prospectus with the Australian Securities and Investments Commission (ASIC).

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Malakoff IPO Prospectus Launch Highlight Video

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