Bitcoin Group to start trading on the Australian Securities Exchange

Regulation | September 17, 2015 By:

Bitcoin Group announced it is expecting its shares to start trading on the Australian Securities Exchange on November 11.

Andrew Plympton, chairman of Bitcoin Group said the company currently produces about 1.57 per cent of the world’s bitcoin, and operates bitcoin mining equipment at six sites in China and Iceland.

Bitcoin Group is seeking to raise $20 million through the issue of 100 million new shares to the public at 20 cents per share.

Bitcoin Group said it is projected to produce about 13.4 per cent of the world’s bitcoin mining output, based on a bitcoin price of $400.

Bitcoin Group is an Australian Bitcoin mining company.