Bitmain’s path to public listing has a lot to say about institutionalizing the Bitcoin mining industry

It seems that the ground under Bitcoin businesses is shifting daily, first with a major shutdown and hash migration out of China, then with some wobbly prices and now with an attempt to legislate bitcoin in the U.S. Congress.

Compass Mining, a full-service mining host and equipment provider, recently released a detailed mining report that included a look at what it calls “hardware manufacturer institutionalization,” another major shift in the Bitcoin space.

The ultimate in “institutionalization” may be public listing, which brings a massive new avenue for investment, while also bringing regulatory and shareholder scrutiny.

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